LightInTheBox Reports Third Quarter 2024 Financial Results
LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing twelve ordinary shares (LITB)
Last lightinthebox holding co., ltd. american depositary shares, each representing twelve ordinary shares earnings: 6/15 06:00 am
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US:NYSE Investor Relations:
ir.lightinthebox.com
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Source: PR Newswire
Strategic Shift to Proprietary Brand Development Drives Profitability Amidst Competitive E-commerce LandscapeSINGAPORE, Dec. 10, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retailer focusing on proprietary apparel brands and design-driven collections tailored to evolving consumer preferences, today announced its unaudited financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Financial Highlights:Total Revenues were $57 million, a 63% decrease year-over-year, reflecting the Company's strategic decision to prioritize margin preservation over market share in a highly competitive e-commerce environment.Gross Profit was $35 million, compared with $92 million in the same quarter last year.Gross Margin improved to 61% from 60% in the same period last year, driven by the successful introduction of higher-margin proprietary product lines.Operating Expenses declined by 63% year-over-year to $
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News
- LightInTheBox Holding Co., Ltd. (NYSE: LITB) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- LightInTheBox Holding Co Ltd (LITB) Q3 2024 Earnings Call Highlights: Navigating Revenue ... [Yahoo! Finance]Yahoo! Finance
- LightInTheBox Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- LightInTheBox Holding Co., Ltd. (NYSE: LITB) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- LightInTheBox to Report Third Quarter 2024 Financial Results on Tuesday, December 10, 2024 [Yahoo! Finance]Yahoo! Finance
LITB
Sec Filings
- 12/10/24 - Form 6-K
- 10/11/24 - Form 6-K
- LITB's page on the SEC website