LIGHTINTHEBOX HOLDING Reports Q3 Earnings Results for FY2023

🌥️Earnings Overview

LIGHTINTHEBOX ($NYSE:LITB): LightInTheBox Holding Co. Ltd. reported its earnings results for the third quarter of the fiscal year 2023 which ended on September 30 2023 on November 28 2023. The total revenue for the quarter was USD 154.3 million, an increase of 27.5% compared to the same quarter in the previous year. Additionally, net income rose 122.0% year-on-year to USD 0.09 million.

Stock Price

The stock opened at $1.2 and closed at $1.3, down by 0.9% from its prior closing price of 1.3. The company’s CEO, Liang Zhang, stated, “We are pleased to report strong results for the third quarter of Fiscal 2023. Our team has worked hard to increase revenues while maintaining a disciplined approach to cost management, and we are pleased to see our efforts paying off.” Overall, LIGHTINTHEBOX HOLDING reported strong earnings for the third quarter of fiscal year 2023 despite the slight stock decline. Live Quote…

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…

Analysis

GoodWhale conducted an analysis of LIGHTINTHEBOX HOLDING’s financials, and based on Star Chart, we determined that they had a low health score of 3 out of 10 points. This score was due to their low cash flow and debt, indicating that they are less likely to be able to pay off their debts or fund future operations. Our analysis also revealed that LIGHTINTHEBOX HOLDING had strong growth metrics, medium profitability, and weak asset and dividend metrics. As a result of this overall financial picture, we classified the company as a ‘cheetah’; a type of company that has achieved high revenue or earnings growth but is considered less stable due to its lower profitability. Investors who are more risk-tolerant may be interested in such a company, as well as those who are looking for a higher return on their investments. The potential for higher returns could be worth the additional risk taken. On the other hand, more conservative investors may find the risk to return ratio too high and may want to consider other investments. 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 reported strong earnings for the third quarter of FY2023, with total revenue increasing 27.5% year-on-year to USD 154.3 million. Net income also grew significantly, reaching USD 0.09 million, up 122.0% compared to the same period in the previous year. The company’s strong earnings show potential for further growth and investments for investors. With a focus on improving customer experience and operational efficiencies, LIGHTINTHEBOX HOLDING can be an attractive opportunity for investors looking for sustainable returns in the long run.