Consolidated revenue of $441 million (4% growth) and pre-tax loss of ($49.4) million
SALT LAKE CITY – November 8, 2018 – Overstock.com, Inc. (NASDAQ:OSTK), a tech-driven online retailer and advancer of blockchain technology, today reported financial results for the quarter ended September 30, 2018.
Dear Owners, This is going to be an informative conference call in which you will hear about numerous things: 1. How we have put over $175 million of your capital to work nurturing to life a keiretsu of blockchain enterprises, including tZERO, which we believe is leading the pack globally in possibly the most lucrative of all blockchain applications (i.e., security tokens). I think the public may not understand our master plan in Medici, how the pieces all fit together, as well as how blockchain firms in this network are making similarly dramatic progress in their respective fields. 2. As promised in our last conference call, we have pivoted our ecommerce business from the accelerate at any cost and ignore the losses standard Internet model back to our rational economic agent model, and in the process halved quarter-to-quarter loss (from $57 million to $29 million pre-tax …
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Source: US SEC
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