LightInTheBox Holding Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
March 20, 2023 at 06:04 am EDT
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LightInTheBox Holding Co., Ltd. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 156.42 million compared to USD 113.15 million a year ago. Net loss was USD 48.26 million compared to net income of USD 8.46 million a year ago.
Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
LightInTheBox Holding Co., Ltd. is an apparel e-commerce retailer that ships products to consumers worldwide. The Company is focused on serving middle-aged and senior customers. The Company operates through two segments: Product sales and Services. Its Product sales segment consists of online retailing of consumer products. Its Services segment consists of provision of logistic services to other e-commerce retailers. The Company offers customers products through its websites and mobile applications. Its product offerings include apparel, such as fast fashion and customized, special occasion apparel, and other general merchandise, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices and other products. The Company operates its business through www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.sg and other websites, as well as mobile applications that are available in more than 20 languages and 140 countries and regions.
LIGHTINTHEBOX HOLDING CO., LTD. 
