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Overstock.com (NASDAQ:OSTK) announces its participation in the Piper Sandler 41st Annual Consumer Marketplace Conference on June 4, 2021, at 12:50 p.m. ET. CEO Jonathan Johnson and CFO Adrianne Lee will engage in a fireside chat to discuss the company's recent positive transformations. Johnson expressed gratitude to Piper Sandler for the opportunity to share Overstock's story with investors. A live webcast and replay will be accessible on Overstock's investor relations website. Overstock is a prominent e-commerce retailer specializing in home furnishings, known for accepting cryptocurrency as payment.
SALT LAKE CITY, May 14, 2021 (GLOBE NEWSWIRE) -- Overstock.com (NASDAQ:OSTK) announced participation in the Needham & Co. 16th Annual Technology & Media Conference. CEO Jonathan Johnson and CFO Adrianne Lee will engage in investor meetings and a fireside chat. Johnson emphasized Overstock's commitment to sustainable growth and thanked Needham for the opportunity. The conference will be held virtually and webcasted on May 19. Overstock is known for its e-commerce platform offering a wide range of home products and was one of the first major retailers to accept cryptocurrency.
Overstock.com reported a remarkable 94% year-over-year revenue growth in Q1 2021, reaching $660 million. The company achieved income from continuing operations of $26 million, an increase of $40 million from the previous year. Diluted earnings per share improved to $0.56, showcasing strong operational performance. Active customers grew significantly to 9.9 million, up 92% year over year. Overstock also closed a partnership with Pelion Venture Partners, focusing on blockchain asset management. The company is poised for sustained profitability throughout 2021.
Overstock.com (NASDAQ:OSTK) has completed its blockchain fund transaction with Pelion Venture Partners, converting its subsidiary Medici Ventures into a limited partnership. Overstock has committed $45 million over eight years and will receive first returns on invested capital before profit sharing. The fund will maintain a significant minority stake in tZERO Group, enhancing Overstock's position in blockchain technology. CEO Jonathan Johnson expressed confidence in Pelion's management capabilities, emphasizing growth in Overstock's core e-commerce business.
Overstock.com (NASDAQ:OSTK) is set to announce its first quarter financial results on April 29, 2021, before the market opens. A conference call is planned for 8:30 AM ET that day, where executives will discuss the results and answer questions submitted in advance. The company, known for its e-commerce platform and blockchain advocacy, continues to attract millions of monthly visitors. With historical significance as a cryptocurrency pioneer, Overstock aims to drive innovation in both e-commerce and blockchain technology.
Overstock.com has appointed Elizabeth Solomon as the new Chief Marketing Officer, leveraging her extensive experience from Amazon and Fortune 100 companies.
Solomon will focus on customer acquisition, retention, and enhancing marketing technologies as Overstock aims for continued market share growth.
CEO Jonathan Johnson is optimistic about Solomon's ability to elevate Overstock's marketing strategy amid a renewed emphasis on home furnishings.
Her track record includes significant roles at Samsung, Walmart, and Nestlé, promising innovative marketing approaches.
Overstock.com, a leader in e-commerce and blockchain, announced participation in the D.A. Davidson & Co. 4th Annual Consumer Growth Conference. CEO Jonathan Johnson and CFO Adrianne Lee will engage in investor meetings and a fireside chat on March 11, 2021. Johnson highlighted the company's record growth and profitability in 2020, expressing enthusiasm for continued momentum and market share expansion in 2021. Overstock, trading under NASDAQ:OSTK and OTCQX:OSTBP, is known for its competitive pricing in home products and as an early adopter of cryptocurrency.
Overstock.com reported a remarkable 84% year-over-year growth in fourth quarter net revenue, reaching $684 million, while annual revenue increased 75% to $2.5 billion. The company achieved a net income of $56 million for the full year, up $178 million from the previous year. Earnings per share improved to $1.24, reflecting significant operational enhancements. Overstock also noted a strategic partnership with Pelion Venture Partners to oversee its Medici Ventures blockchain assets, with a total capital commitment of $45 million.
