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EcommerceBytes-NewsFlash, Number 2256 - April 01, 2010 - ISSN 1539-5065    3 of 3

Overstock.com Revenue Up 6% in 2009, Profits Rise 14%

By Ina Steiner
EcommerceBytes.com
April 01, 2010




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Overstock.com reported financial results on Wednesday for fiscal year 2009 and the quarter ended December 31, 2009, reporting Net Income of $12.7m for Q4. Overstock hired a new auditor at the end of the fourth quarter and restated its FY 2008 and Q1, Q2 and Q3 2009 financial statements. The company said revenue for 2009 was $876.8M, up 6% from 2008's $829.9M; Gross profit was up 14% to $164.8M. Overstock.com saw fourth quarter revenue rise 27% to $322.4M vs. $253.8M in Q4 2008.

The company will hold a conference call and webcast to discuss its fiscal year and fourth quarter 2009 financial results on April 5, 2010 at 5 pm Eastern Time. See more information on Overstock.com's Investor Relations page.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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