Overstock.com reported a decrease in total net revenue to $528 million, a 34% year-over-year decline, but remained profitable for the ninth consecutive quarter. Diluted earnings per share were reported at $0.12, with adjusted EBITDA at $21 million, representing 3.9% of net revenue. The company ended the quarter with $443 million in cash and cash equivalents.
Total net revenue decreased by 34% year over year to $528 million.
Gross profit was $121 million, representing 22.9% of total net revenue.
Diluted earnings per share were $0.12.
Cash and cash equivalents totaled $443 million at the end of the second quarter.
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