LightInTheBox Holding Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
Published on 08/02/2024 at 07:00
Share
LightInTheBox Holding Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 69.36 million compared to USD 191.77 million a year ago. Net income was USD 0.623 million compared to net loss of USD 1.46 million a year ago.
For the six months, revenue was USD 140.53 million compared to USD 339.55 million a year ago. Net loss was USD 3.21 million compared to USD 5.41 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago.
LightInTheBox Holding Co., Ltd. is focused on apparel design through its proprietary brand, Ador.com, to meet the global demand for accessible higher-end fashion. Ador.com specializes in designer-quality clothing for women aged 35-55 at competitive prices and operates design studios and sample shops in both the United States and China, including a boutique and design studio in Campbell, California. Additionally, the Company offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. It offers various products, which include Satin Balloon Sleeve Midi Dress, Cotton Solid Button Front Lapel Shirt Dress, Apricot Belted Short Sleeve Maxi Shirt Dress, Chiffon Folk Pattern V Neck Midi Dress, Satin Polka Dot Sleeveless Belted Midi Dress, Chiffon Mismatched Short Sleeve Midi Dress, and Satin Pleated Belted Maxi Dress, among others.
