LIGHTINTHEBOX HOLDING Reports Fourth Quarter Earnings Results for Fiscal Year 2022 Ending March 20, 2023.

Earnings Overview

LIGHTINTHEBOX HOLDING ($NYSE:LITB) reported total revenue of USD -48.3 million for the fourth quarter of fiscal year 2022, ending on March 20, 2023 – a decrease of 670.4% from the same period in the prior year. However, net income increased 38.2%, amounting to USD 156.4 million compared to the same period of the previous year.

Transcripts Simplified

Joining us today from management team are Mr. Qujiu Chen, Chairman and Chief Executive Officer; Mr. Gang Yu, Chief Financial Officer; and Ms. Hongyan Wang, Investor Relations Director. Management will begin with their prepared remarks, and then we will open the call for questions. Before we continue, I would like to remind you that management’s prepared remarks contain forward-looking statements which are subject to risks and uncertainties, and actual results may differ materially. Please refer to the Risk Factors section of the Company’s Annual Report on Form 20-F for additional information concerning these factors. The Company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please go ahead, sir.

Thank you. We are pleased to have achieved solid growth in several key performance indicators during the second quarter despite the headwinds we faced from the pandemic. I will now discuss our business performance in more detail. Finally, I want to thank all our staff who have played an instrumental role in our success thus far and look forward to continuing our journey together as we strive to achieve even greater heights and become a leading company within our industry.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lightinthebox Holding. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lightinthebox Holding. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lightinthebox Holding. More…

Key Ratios Snapshot

Some of the financial key ratios for Lightinthebox Holding are shown below. More…

Share Price

The stock opened at $1.2, and closed at $1.3, a rise of 8.3% from the last closing price of $1.2. The strong earnings results demonstrate that LIGHTINTHEBOX HOLDING is well-positioned to capitalize on the growth opportunities ahead. The company is committed to continuing to innovate and expand its product offerings, so as to maximize shareholder value and better serve its customers. Live Quote…

Analysis

GoodWhale has taken an in-depth look into LIGHTINTHEBOX HOLDING‘s wellbeing, and our analysis shows it to be a high risk investment. We’ve given it a ‘high risk’ Risk Rating; this means it may not be the best option for investors aiming for steady returns. Our analysis also revealed one risk warning in its income sheet. If you’re interested in learning more about this warning, you can register with us and check it out for yourself. Overall, LIGHTINTHEBOX HOLDING may be a risky investment—but only you can decide whether or not it’s the right one for you. We suggest doing your due diligence before making any decisions. More…

Peers

LightInTheBox Holding Co Ltd is an e-commerce company that specializes in selling a wide range of products, including apparel and accessories, home and garden items, electronics, and more. It competes within the industry with Hyundai Home Shopping Network Corp, Hour Loop Inc., and Zibuyu Group Ltd. All four companies strive to bring customers the best products and services at the lowest prices.

– Hyundai Home Shopping Network Corp ($KOSE:057050)

Hyundai Home Shopping Network Corp is a South Korean e-commerce and media company that operates retail websites and television shopping channels in Korea. It is one of the largest home shopping companies in the country. The company has a market capitalisation of 557.51B as of 2023. This is indicative of the company’s strong financial position and strong performance in the market. In addition, the company has a return on equity of 3.41%, which demonstrates its ability to generate profits from its shareholders’ investments.

– Hour Loop Inc ($NASDAQ:HOUR)

Loop Inc is a software development company that specializes in engineer productivity and creating automated software engineering solutions. It has achieved considerable success since its launch in 2023, with a market cap of 76.04 million and a Return on Equity (ROE) of 19.6%. The company’s market cap reflects its overall value, which is calculated by multiplying the company’s current stock price by the total number of outstanding shares. The ROE, meanwhile, reflects its ability to generate profits relative to the amount of equity used in its operations. Loop Inc has successfully leveraged its innovative software solutions to create value for shareholders and customers alike.

– Zibuyu Group Ltd ($SEHK:02420)

Zibuyu Group Ltd is a leading global technology company that specializes in software and electronics. As of 2023, it has a market cap of 2 billion dollars, indicating that it is a powerful and well-respected business. Its Return on Equity (ROE) of 28.14% also demonstrates the company’s strong financial performance. This indicates that the company’s management is highly effective at utilizing its equity to generate value for shareholders. Zibuyu Group Ltd is well-positioned to continue its impressive growth trajectory in the coming years.

Summary

Investors in LIGHTINTHEBOX HOLDING saw favorable results for their investments following the company’s report of earnings for the fourth quarter of fiscal year 2022. Total revenue decreased significantly by 670.4%, but net income increased 38.2% compared to the same period of the previous year. This positive news was reflected in the stock price which moved up on the same day, providing a boost of confidence to investors. Investors interested in the company should look further into the long-term prospects of the company and its competitive advantages in order to make an informed decision.