LIGHTINTHEBOX HOLDING Reports USD 156.4 Million Net Income for FY 2022 Fourth Quarter, Despite 670.4% Drop in Total Revenue Compared to Previous Year
March 25, 2023
Earnings Overview
On March 20, 2023, LIGHTINTHEBOX HOLDING ($NYSE:LITB) reported a decrease of 670.4% in total revenue to USD -48.3 million for the fourth quarter of their fiscal year 2022 ending December 31, 2022, while net income experienced an increase of 38.2% year over year to USD 156.4 million.
Transcripts Simplified
With me today from LightInTheBox are Mr. Alan Guo, Chairman and Chief Executive Officer; Ms. Helen Chen, Chief Financial Officer; and Mr. Jacky Xu, Chief Operating Officer. With that, I will now turn the call over to Mr. Alan Guo for his comments on our business operations and outlook for this year.
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 |
| 503.57 | -56.58 | -2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lightinthebox Holding. More…
| Operations | Investing | Financing |
| -1.77 | -1.74 | -1.32 |
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 |
| 164.81 | 160.94 | 0.47 |
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 |
| 27.4% | – | -13.8% |
| FCF Margin | ROE | ROA |
| -0.8% | -152.7% | -26.3% |
Price History
On Monday, LIGHTINTHEBOX HOLDING, a Chinese e-commerce company, reported USD 156.4 million net income for its fiscal year 2022 fourth quarter. Despite a 670.4% drop in total revenue from the previous year, the company saw a stock increase of 8.3%. The stock opened at $1.2 and closed at $1.3, surpassing its last closing price of $1.2. LIGHTINTHEBOX HOLDING reported a net income of USD 156.4 million for the fourth quarter of FY 2022, compared to a net loss of USD 20 million for the same period last year.
The company also reported a strong balance sheet with total cash and cash equivalents of USD 1 billion as of March 31, 2022. Overall, despite the sharp decrease in revenue, LIGHTINTHEBOX HOLDING reported strong financial figures for the fourth quarter of FY 2022, which has been reflected in its stock performance. The stock opened at $1.2 and closed at $1.3, representing an 8.3% increase from the last closing price of $1.2. Live Quote…
Analysis
At GoodWhale, we provide comprehensive fundamental analysis of companies to help investors make informed decisions. We recently conducted an analysis of LIGHTINTHEBOX HOLDING. Based on our Risk Rating, we determined that this is a high risk investment in terms of its financial and business aspects. Through our analysis, we detected one risk warning in the income sheet that potential investors should be aware of. To gain access to this information, you must register with us. You will then be able to review all of the details and make an informed decision. More…
Peers
LightInTheBox Holding Co Ltd is an e-commerce company that specializes in selling a wide range of products, including apparel and accessories, home and garden items, electronics, and more. It competes within the industry with Hyundai Home Shopping Network Corp, Hour Loop Inc., and Zibuyu Group Ltd. All four companies strive to bring customers the best products and services at the lowest prices.
– Hyundai Home Shopping Network Corp ($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 significantly lower total revenue for their fiscal year 2022 fourth quarter ending December 31, 2022 compared to the same period in the previous year. Despite this, their net income increased 38.2% year over year. This news caused their stock price to rise on the same day, suggesting that investors remain optimistic about the potential of the company. As a result, those considering investing in LIGHTINTHEBOX HOLDING may want to consider the potential upside despite the recent downturn in revenue.
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