Overstock.com (OSTK)

Seasonality

Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season. The actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there can be no assurances that seasonal variations will not materially affect our results of operations in the future. The following table reflects our total net revenues for each of the quarters since 2006 (in thousands):

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Seasonality

        Both direct and fulfillment partner revenues are seasonal, with revenues historically being the highest in the fourth quarter, which ends December 31, reflecting higher consumer holiday spending. We anticipate this will continue in the foreseeable future.

Seasonality

        Both direct and fulfillment partner revenues are seasonal, with revenues historically being the highest in the fourth quarter, which
ends December 31, reflecting higher consumer holiday spending. We anticipate this will continue in the foreseeable future.

Seasonality

        Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season. The actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there can be no assurances that seasonal variations will not materially affect

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Table of Contents

our results of operations in the future. The following table reflects our total revenues for each of the quarters since 2005 (in thousands):

Seasonality

        Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season. The
actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there
can be no assurances that seasonal variations will not materially affect

65

HREF="#bg17203a_main_toc">Table of Contents

our
results of operations in the future. The following table reflects our total revenues for each of the quarters since 2005 (in thousands):

Seasonality

Both direct and fulfillment partner revenues are seasonal, with revenues historically being the highest in the fourth quarter, which ends December 31, reflecting higher consumer holiday spending. We anticipate this will continue in the foreseeable future.

Seasonality

Both direct and
fulfillment partner revenues are seasonal, with revenues historically being the
highest in the fourth quarter, which ends December 31, reflecting higher
consumer holiday spending. We anticipate this will continue in the foreseeable
future.

Seasonality

Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season. The actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there can be no assurances that seasonal variations will not materially affect our results of operations in the future. The following table reflects our total revenues for each of the quarters since 2005 (in thousands):

51

Seasonality

Based upon our historical
experience, revenue typically increases during the fourth quarter because of
the holiday retail season. The actual quarterly results for each quarter could
differ materially depending upon consumer preferences, availability of product
and competition, among other risks and uncertainties. Accordingly, there can be
no assurances that seasonal variations will not materially affect our results
of operations in the future. The following table reflects our total revenues
for each of the quarters since 2005 (in thousands):

51

Seasonality

Based upon our historical experience, increased revenues typically occur during the fourth quarter because of the holiday retail season. The actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there can be no assurances that fourth quarter revenues will increase or that seasonal variations will not materially affect our results of operations in the future. The following table reflects our total restated revenues for each of the quarters since 2005 (in thousands):

Seasonality

Based upon our historical experience, increased revenues typically occur during the fourth quarter because of the holiday retail season. The actual quarterly results for each quarter could differ materially depending upon consumer preferences, availability of product and competition, among other risks and uncertainties. Accordingly, there can be no assurances that seasonal variations will not materially affect our results of operations in the future. The following table reflects our total revenues for each of the quarters since 2005 (in thousands):