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Full Version: Overstock Auctions Q1 GMV Tumbles 42% to $4.7 million
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Quote:Overstock.com reported on Wednesday its quarterly financial results for the first quarter ending March 31, 2007. Total revenue was $157.9 million, down 11 percent from the same period in 2006. Gross profits were $25.3 million, up 7 percent from the same period in 2006. Overstock said auction gross merchandise volume (GMV) was $4,695,000 for the first quarter of 2007 compared to $8,079,000 for the same period in 2006, a decline of 42 percent...

full article: http://www.auctionbytes.com/cab/abn/y07/m04/i27/s01
A 42% drop in GMV is relatively good considering the 95% drop in listings.
Quote:Total revenue was $157.9 million, down 11 percent from the same period in 2006 because Patrick spent more time on his Crusade Against the Sith Lords than he did running Overstock
A new low

Overstock  18,887  -797 auction listing down from yesterday -4.22%
A new low coming after fees were reduced...not a good sign.