Schedule of unaudited quarterly results of operations data |
The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31, 2022. We have prepared this information on the same basis as the consolidated statements of operations and the information includes all adjustments that we consider necessary for a fair statement of its financial position and operating results for the quarters presented. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | March 31, 2022 | | June 30, 2022 | | September 30, 2022 | | December 31, 2022 | | (in thousands, except per share data) | Consolidated Statement of Operations Data: | | | | | | | | Net revenue | $ | 536,037 | | | $ | 528,122 | | | $ | 460,279 | | | $ | 404,896 | | Cost of goods sold | 410,825 | | | 407,017 | | | 352,807 | | | 315,341 | | Gross profit | 125,212 | | | 121,105 | | | 107,472 | | | 89,555 | | Operating expenses: | | | | | | | | Sales and marketing | 58,513 | | | 57,940 | | | 53,520 | | | 45,504 | | Technology | 32,989 | | | 30,542 | | | 29,628 | | | 27,999 | | General and administrative | 21,256 | | | 21,081 | | | 18,665 | | | 18,699 | | | | | | | | | | Total operating expenses | 112,758 | | | 109,563 | | | 101,813 | | | 92,202 | | Operating income (loss) | 12,454 | | | 11,542 | | | 5,659 | | | (2,647) | | Interest income (expense), net | (125) | | | 115 | | | 976 | | | 1,999 | | Other expense, net | (114) | | | (1,981) | | | (46,283) | | | (15,447) | | Income (loss) before income taxes from continuing operations | 12,215 | | | 9,676 | | | (39,648) | | | (16,095) | | Provision (benefit) for income taxes | 2,092 | | | 2,529 | | | (2,653) | | | (584) | | Income (loss) from continuing operations | 10,123 | | | 7,147 | | | (36,995) | | | (15,511) | | Income (loss) from discontinued operations, net of income taxes | — | | | — | | | — | | | — | | Consolidated net income (loss) | $ | 10,123 | | | $ | 7,147 | | | $ | (36,995) | | | $ | (15,511) | | Less: Net loss attributable to noncontrolling interests - discontinued operations | — | | | — | | | — | | | — | | Net income (loss) attributable to stockholders of Overstock.com, Inc. | $ | 10,123 | | | $ | 7,147 | | | $ | (36,995) | | | $ | (15,511) | | | | | | | | | | Net income (loss) attributable to common shares—basic | | | | | | | | Continuing operations | $ | 0.21 | | | $ | 0.12 | | | $ | (0.81) | | | $ | (0.34) | | Discontinued operations | — | | | — | | | — | | | — | | Total | $ | 0.21 | | | $ | 0.12 | | | $ | (0.81) | | | $ | (0.34) | | Net income (loss) attributable to common shares—diluted | | | | | | | | Continuing operations | $ | 0.21 | | | $ | 0.12 | | | $ | (0.81) | | | $ | (0.34) | | Discontinued operations | — | | | — | | | — | | | — | | Total | $ | 0.21 | | | $ | 0.12 | | | $ | (0.81) | | | $ | (0.34) | | Weighted average shares of common stock outstanding: | | | | | | | | Basic | 43,052 | | | 43,072 | | | 45,708 | | | 45,420 | | Diluted | 43,282 | | | 43,159 | | | 45,708 | | | 45,420 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | March 31, 2021 | | June 30, 2021 | | September 30, 2021 | | December 31, 2021 | | (in thousands, except per share data) | Consolidated Statement of Operations Data: | | | | | | | | | | | | | | | | Net revenue | $ | 659,861 | | | $ | 794,536 | | | $ | 689,390 | | | $ | 612,659 | | | | | | | | | | | | | | | | | | | | | | | | | | Cost of goods sold | 506,337 | | | 619,710 | | | 532,682 | | | 473,815 | | | | | | | | | | | | | | | | | | Gross profit | 153,524 | | | 174,826 | | | 156,708 | | | 138,844 | | Operating expenses: | | | | | | | | Sales and marketing | 73,538 | | | 85,272 | | | 75,650 | | | 67,970 | | Technology | 30,523 | | | 30,383 | | | 31,178 | | | 30,917 | | General and administrative | 22,871 | | | 22,660 | | | 21,031 | | | 20,837 | | | | | | | | | | Total operating expenses | 126,932 | | | 138,315 | | | 127,859 | | | 119,724 | | Operating income | 26,592 | | | 36,511 | | | 28,849 | | | 19,120 | | Interest expense, net | (155) | | | (130) | | | (139) | | | (132) | | Other income (expense), net | (226) | | | 298 | | | (79) | | | 12,507 | | Income before income taxes from continuing operations | 26,211 | | | 36,679 | | | 28,631 | | | 31,495 | | Provision (benefit) for income taxes | 193 | | | (45,726) | | | (1,795) | | | (1,447) | | Income from continuing operations | 26,018 | | | 82,405 | | | 30,426 | | | 32,942 | | Income (loss) from discontinued operations, net of income taxes | (10,126) | | | 227,372 | | | — | | | — | | Consolidated net income | $ | 15,892 | | | $ | 309,777 | | | $ | 30,426 | | | $ | 32,942 | | Less: Net loss attributable to noncontrolling interests - discontinued operations | (201) | | | (134) | | | — | | | — | | Net income attributable to stockholders of Overstock.com, Inc. | $ | 16,093 | | | $ | 309,911 | | | $ | 30,426 | | | $ | 32,942 | | | | | | | | | | Net income (loss) attributable to common shares—basic | | | | | | | | Continuing operations | $ | 0.57 | | | $ | 1.73 | | | $ | 0.64 | | | $ | 0.69 | | Discontinued operations | (0.23) | | | 4.78 | | | — | | | — | | Total | $ | 0.34 | | | $ | 6.51 | | | $ | 0.64 | | | $ | 0.69 | | Net income (loss) attributable to common shares—diluted | | | | | | | | Continuing operations | $ | 0.56 | | | $ | 1.72 | | | $ | 0.63 | | | $ | 0.68 | | Discontinued operations | (0.23) | | | 4.75 | | | — | | | — | | Total | $ | 0.33 | | | $ | 6.47 | | | $ | 0.63 | | | $ | 0.68 | | Weighted average shares of common stock outstanding: | | | | | | | | Basic | 42,885 | | | 43,009 | | | 43,014 | | | 43,016 | | Diluted | 43,320 | | | 43,314 | | | 43,324 | | | 43,370 | |
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