Overstock Results Presentation Deck slide image

Overstock Results Presentation Deck

Corporate Update ■ Tax valuation allowance release of $47M Released allowance on certain U.S. federal and state deferred tax assets due to recent actual results and expected future financial performance Closed blockchain fund transaction with Pelion Venture Partners in Q2 Consolidated statements of operations: recorded a $228M gain (net of tax, in discontinued operations) to reflect fair value of assets in Medici Ventures Fund and retained minority equity interest in tZERO Consolidated balance sheets: Medici Ventures Fund and retained minority equity interest in tZERO classified as a $330M asset Consolidated statements of cash flow: funded full $45M capital commitment Overstock named to Parity.org's Best Companies for Women to Advance List 2021 overstock. 5
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