LIGHTINTHEBOX HOLDING Reports Strong 2nd Quarter Earnings for 2023
September 20, 2023
☀️Earnings Overview
On June 30 2023, LIGHTINTHEBOX HOLDING ($NYSE:LITB) announced their earnings results for the 2nd quarter of the fiscal year 2023. Total revenue for the quarter was USD 191.8 million, a 44.9% increase from the same period in fiscal year 2022. Net income for the quarter was USD -1.5 million, a more positive result than the -2.4 million reported in the 2nd quarter of fiscal year 2022.
Price History
The stock opened at $1.2 and closed at $1.4, up 4.6% from last closing price of 1.3. This strong growth came despite challenging global economic conditions caused by the pandemic. This impressive growth was driven mainly by the strong performance of their core business in online retail sales. Looking ahead, the company expects to continue their growth momentum in the coming quarters and is confident that they will continue to deliver positive results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lightinthebox Holding. More…
| Total Revenues | Net Income | Net Margin |
| 616.99 | -54.09 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lightinthebox Holding. More…
| Operations | Investing | Financing |
| 35.83 | 2.05 | -0.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lightinthebox Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 167.6 | 170.76 | -0.03 |
Key Ratios Snapshot
Some of the financial key ratios for Lightinthebox Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.2% | – | -10.8% |
| FCF Margin | ROE | ROA |
| 5.7% | 2746.5% | -24.9% |
Analysis
After conducting an analysis on LIGHTINTHEBOX HOLDING‘s fundamentals, we at GoodWhale have determined that the company is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. According to our Star Chart, LIGHTINTHEBOX HOLDING has an intermediate health score of 4/10 considering its cashflows and debt, and is likely to sustain future operations in times of crisis. Given the company’s strengths in growth, medium levels of profitability, and weaknesses in asset and dividends, investors who are looking for companies that are in the growth stage and who appreciate potential reward more than security may be interested in investing in LIGHTINTHEBOX HOLDING. These investors must also be willing to take on a higher degree of risk due to the low level of stability the company offers. 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 may be encouraged by LIGHTINTHEBOX HOLDING‘s 2nd quarter earnings results for the fiscal year 2023, which reported a total revenue of USD 191.8 million, up 44.9% from the same period last year. Net income for the quarter was USD -1.5 million, an improvement from the -2.4 million reported for the same quarter in the previous year. The stock price moved up on the news, indicating investor confidence in the company’s performance. Analysts will likely closely watch further developments, such as the company’s ability to maintain growth and profitability in the coming quarters.
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