Overstock.com reported a net loss of $2.5 million for the second quarter, slightly off from $2.3 million last year.
The online closeouts marketer reported of $150.6 million for the quarter ended June 30, up 72% from $87.8 million last year.
“This quarter we continued our pattern of growing at several times the industry average,” said CEO Patrick Byrne in a statement. ” We are playing this growth against infrastructure investments that are perhaps overdue, and developing new programs that fit our model.”
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