Overstock.com Reports Q1 2012 Results

/PRNewswire/ -- Overstock.com, Inc. (NASDAQ: OSTK) today reported financial results for the quarter ended March 31, 2012. Key Q1 2012 metrics (comparison to Q1 2011): Revenue: $262.4M vs. $265.5M (1% decrease); Gross margin: 18.1% vs. 18.9% (80 basis point decrease); Gross profit: $47.5M vs. $50.1M (5% decrease); Sales and marketing expense: $14.5M vs. $15.4M (6% decrease); Contribution (non-GAAP measure): $33.0M vs. $34.7M (5% decrease); G&A/Technology expense: $30.5M vs. $34.6M (12% decrease); Net income (loss): $2.7M vs. $(444,000) ($3.2M increase); and Diluted EPS: $0.12/share vs. $(0.02)/share ($0.14 increase). The Company will hold a conference call and webcast to discuss its