LIGHTINTHEBOX HOLDING Reports Q2 FY2023 Earnings Results on September 15, 2023

🌥️Earnings Overview

On September 15 2023, LIGHTINTHEBOX HOLDING ($NYSE:LITB) announced the results of their earnings for the second quarter of FY2023, which ended June 30 2023. Total revenue for the quarter amounted to USD 191.8 million, a 44.9% increase from the same quarter in the previous year. Net income for the period was -1.5 million, an improvement from -2.4 million in the same quarter a year ago.

Price History

On Friday, September 15th 2023, LIGHTINTHEBOX HOLDING reported its financial results for the second quarter of FY2023. The stock opened at $1.2 and closed the day at $1.4, representing a 4.6% rise from its previous closing price of $1.3. This increase in stock price was largely attributed to the company’s improved performance during the quarter.

Overall, investors were pleased with LIGHTINTHEBOX HOLDING’s improved performance in the second quarter of FY2023, as reflected by the stock price movement. Going forward, the company is expected to continue to focus on increasing revenue and improving operational efficiencies in order to maintain sustainable growth. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we are dedicated to providing you with comprehensive and reliable information about LIGHTINTHEBOX HOLDING. After analyzing their financials, our Risk Rating has determined that this company is a high risk investment. GoodWhale has detected two risk warnings in LIGHTINTHEBOX HOLDING’s income sheet and financial journal. To access this information, simply sign up as a registered user on GoodWhale. Our service will provide you with an honest and comprehensive assessment of the risks associated with investing in this company. GoodWhale is dedicated to helping you make informed decisions about your investments. We strive to provide you with the most up-to-date information and analysis of LIGHTINTHEBOX HOLDING so you can make the best decisions for your financial future. 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

LightInTheBox Holding‘s second quarter of FY2023 earnings report showed positive signs of growth, with total revenue increasing by 44.9% year-on-year to USD 191.8 million. Net income reported for the quarter was USD -1.5 million, an improvement from -2.4 million in the same quarter last year. This resulted in the stock price going up the same day, indicating investor confidence in the company’s financial performance. Overall, this is a positive sign for those looking to invest in LightInTheBox Holding, as it signals consistent returns and profitable growth.