Beyond (BYON) Company Overview

Beyond (BYON -1.34%) just made a groundbreaking announcement that could reshape the financial landscape. The announcement, which unfolds in three significant dimensions, includes:

Beyond (BYON) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Acquisition Drives Profitable Revenue Growth, tZERO Tokenization Offerings, and Pioneers Blockchain Innovation for Life Events Acquisition Drives Profitable Revenue Growth, tZERO Tokenization Offerings, and Pioneers Blockchain Innovation for Life Events

— Company On Track to Deliver $65 Million Annualized Fixed Cost Reduction — — Company to Maintain Presence in Salt Lake City — MIDVALE, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands designed to unlock your family's and home's potential (“the Company”), today announced that it has completed the transaction with Salt Lake County to sell the Company's corporate headquarters located in Midvale, Utah on December 20, 2024. The sale of the corporate headquarters aligns with the Company's strategic plan to reduce debt and fixed costs, free up capital for new growth opportunities, and generate cash flow.

MIDVALE, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON), an asset-light ecommerce and affinity data monetization company offering a comprehensive array of products and services that enable its customers to unlock their home's potential, today provided an update regarding the proposed financing arrangements for its pending transaction with The Container Store Group, Inc. (“The Container Store”). When Beyond entered into the Securities Purchase Agreement dated October 15, 2024 (the "Purchase Agr.

Executive Chairman Marcus Lemonis has faced criticism for repeated missteps, leading to a 75% decline in BYON shares since he took over. BYON's cash adjusted market cap is down to $135 million, making it both a great acquisition target and a great candidate for a stock buyback. The company's blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values and this needs to be communicated to investors.

Beyond, Inc. (NYSE:BYON ) 2024 Investor Event October 24, 2024 11:00 AM ET Company Participants Marcus Lemonis - Executive Chairman Alexis Callahan - Vice President, Investor Relations and Public Relations Adrianne Lee - Chief Financial and Administrative Officer Dave Nielsen - President Guncha Mehta - Chief Digital Information Officer Alex Thomas - Senior Vice President, Finance and Corporate Development Tim Ryan - Vice President, Loyalty and Partnerships Conference Call Participants Presentation Marcus Lemonis Good morning. My name is Marcus Lemonis.

Bed Bath & Beyond's owner said in a regulatory filing that it will cut one-fifth of its workforce. Beyond, Inc., formerly known as Overstock, bought the BB&B brand after the original went bankrupt.

Beyond (BYON) came out with a quarterly loss of $0.96 per share versus the Zacks Consensus Estimate of a loss of $0.84. This compares to loss of $0.61 per share a year ago.