Overstock.com (OSTK) Reports Q3 Loss of $0.08/Share

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/24/2026

1. RNG
2. DECK
3. WDC
4. BYD
5. WCN
6. SPOT
7. BMY
8. SPY
9. FIX
10. TSCO

Go back to Overstock.com (OSTK) Reports Q3 Loss of $0.08/Share

Overstock.com Reports Q3 2015 Results

November 9, 2015 4:06 PM EST

SALT LAKE CITY, Nov. 9, 2015 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ: OSTK) today reported financial results for the quarter ended Sept. 30, 2015.

Dear Owners,

We made significant strategic shifts this quarter. We spent $3.2 million on Medici (our blockchain-oriented subsidiary) and $1.3 million spent on litigation in San Francisco (now on track for a March trial): their combined cost of nearly $5 million caused our Net Income to go slightly (.5%) negative for the first time in 15 quarters. However, I believe this significant evolution in Overstock's strategy allows us to parlay our pre-eminence in the world-historic opportunities of... More