Lightinthebox Hldg Co Ltd Stock Price, News & Analysis

LightInTheBox Holding Co., Ltd. (NYSE: LITB) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC. The report is accessible online through LightInTheBox's investor relations website and the SEC website. Shareholders can request a hard copy of the audited financial statements for free. LightInTheBox is a cross-border e-commerce platform serving customers worldwide, offering a wide range of products in various languages and covering over 140 countries.

LightInTheBox reported its Q4 and full year 2021 financial results on March 30, 2022. Total revenues for Q4 decreased by 14.8% year-over-year to $113.2 million, but full-year revenues increased by 12.0% to $446.1 million. Apparel sales surged by 25.2% in Q4, constituting 70.5% of product sales. Notably, net income for Q4 was $8.7 million, reversing a loss of $3.2 million in Q4 2020. The gross margin improved to 47.2% in Q4. The company also invested $20 million in technology, anticipating future growth.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) will release its unaudited financial results for Q4 and full year 2021 on March 30, 2022, before U.S. market opening. A conference call will be held at 8:00 a.m. ET on the same day to discuss the results. Due to COVID-19, participants must preregister online to join the call. A replay will be available from April 6, 2022. LightInTheBox is a cross-border e-commerce platform offering a wide range of products to consumers globally, operating in over 140 countries.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) reported its third quarter 2021 financial results, revealing total revenues of $98.7 million, down 1.3% year-over-year. Despite a significant growth in apparel sales, which rose 39.6% to $61.9 million, net loss increased to $6.1 million from a net income of $7.3 million in Q3 2020. The company faced rising operational costs, particularly in digital advertising and shipping. Notably, gross margin improved to 44.5% due to optimized product mix. Cash reserves decreased to $50.2 million as of September 30, 2021, down from $65.5 million at year-end 2020.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) announced plans to release its unaudited financial results for Q3 2021 on December 2, 2021, before U.S. market opening. A conference call will be held at 8:00 a.m. Eastern Time on the same day to discuss these results. Due to COVID-19, participants need to preregister online to obtain dial-in numbers. A replay of the call will be available until December 9, 2021. LightInTheBox is a global cross-border e-commerce platform offering products in over 140 countries.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) will hold its 2021 annual general meeting of shareholders on December 27, 2021, at 10:00 a.m. in Shanghai, China. This meeting will not include any proposals for shareholder approval but will allow shareholders to engage with management. The record date for shareholders to attend is November 17, 2021, and they must provide proof of ADS ownership. Additionally, the Company has filed its annual report for the financial year ending December 31, 2020, with the SEC, available for free access.

LightInTheBox Holding Co., Ltd. (LITB) reported its Q2 2021 financial results, highlighting a 7.3% increase in total revenues to $122.2 million compared to Q2 2020. Gross margin improved to 46.8%, with net income rising 11.6% to $9.5 million. Revenue growth was led by a 149% surge in apparel sales, reaching $74 million. However, total operating expenses increased significantly to $60.6 million from $41.4 million. The company ended Q2 2021 with $58.2 million in cash, down from $65.5 million at the end of 2020.

LightInTheBox (LITB) reported strong financial performance for Q1 2021, with total revenues reaching $112.0 million, a 117.5% increase year-over-year. Net income rose to $1.4 million, up 87.2%, and adjusted EBITDA improved to $2.3 million, a 59.4% increase. The gross margin remained stable at 46.6%. However, cash reserves decreased to $60.1 million as of March 31, 2021, down from $65.5 million at year-end 2020. For Q2 2021, LITB anticipates revenues between $130 million and $145 million, reflecting growth despite excluding PPE sales.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) announced a rescheduling of its earnings release and conference call to June 1, 2021, for its first-quarter financial results ending March 31, 2021. The call will occur at 8:00 a.m. Eastern Time and will be available via preregistration only due to COVID-19 restrictions. Participants can register online to receive dial-in information. A telephone replay of the conference call will be accessible until June 8, 2021. More information is available on the Company’s Investor Relations website.