From GlobeNewswire: 2025-02-24 16:42:00

Beyond, Inc. (NYSE:BYON) reported a 50% improvement in Net Loss and a 43% improvement in Adjusted EBITDA year-over-year, driven by exceeding gross margin expansion and fixed cost reduction goals. The company’s progress includes a ramp of the Overstock brand, SKU/vendor refinement, and BuyBuyBaby acquisition. Fourth quarter results saw a decrease in orders delivered, active customers, and total net revenue, with a net loss of $81 million. Adjusted EBITDA loss was $28 million, a 43% improvement year-over-year. Total net revenue for the full year 2024 decreased by 10.6%, with a net loss of $259 million. Cash, cash equivalents, and restricted cash totaled $186 million at the end of the fourth quarter.

CEO Marcus Lemonis is optimistic about the progress made since November 1st and emphasized the importance of making calibrated decisions to build a profitable foundation. CFO Adrianne Lee highlighted the need for revenue growth without compromising cash flow and profitability, and expressed encouragement at the sequential improvements seen through February. The company is focused on leveraging technology innovation and making difficult decisions to achieve profitability and growth.

Beyond, Inc. will host a webcast on February 25, 2025, to discuss its financial results and strategic vision. The company’s financial statements show a net loss for the three months and year ended December 31, 2024. Adjusted EBITDA was negative for the same periods, with special items impacting the results. Free cash flow for the year ended December 31, 2024, was negative as well. The company’s consolidated balance sheets and statements of cash flows provide a detailed breakdown of its financial position and cash flow activities.

Supplemental operational data, including key operating metrics like active customers, LTM net revenue per active customer, orders delivered, average order value, and orders per active customer, give insight into customer engagement and purchasing behavior. Non-GAAP financial measures such as adjusted diluted net loss per share, adjusted EBITDA, and free cash flow are provided to supplement GAAP measures and evaluate ongoing operational performance. The reconciliation of these non-GAAP financial measures to GAAP measures is included in the release for transparency and clarity.



Read more at GlobeNewswire:: Beyond, Inc. Reports Fourth Quarter 2024 Financial Results