LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing twelve ordinary shares - LITB STOCK NEWS

LightInTheBox Holding Co., Ltd. (NYSE: LITB) reported a 16.3% decline in total revenues for Q1 2022, totaling $93.8 million, down from $112.0 million in Q1 2021. Despite these challenges, apparel sales rose by 13.7% to $67.2 million, making up 71.7% of total revenues. The company's gross margin improved to 50.7% from 46.6% year-over-year. However, net loss increased to $5.5 million, compared to a net income of $1.4 million in the same quarter last year. Cash reserves also decreased to $42.8 million.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) will announce its unaudited financial results for the first quarter ended March 31, 2022, on June 23, 2022, before the U.S. market opens. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results. Due to COVID-19, operator-assisted calls are unavailable; participants must preregister online for dial-in information. A replay of the call will be accessible starting two hours post-call until June 29, 2022. The company provides a cross-border e-commerce platform serving consumers globally, available in over 140 countries.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC. The report is accessible online through LightInTheBox's investor relations website and the SEC website. Shareholders can request a hard copy of the audited financial statements for free. LightInTheBox is a cross-border e-commerce platform serving customers worldwide, offering a wide range of products in various languages and covering over 140 countries.

LightInTheBox reported its Q4 and full year 2021 financial results on March 30, 2022. Total revenues for Q4 decreased by 14.8% year-over-year to $113.2 million, but full-year revenues increased by 12.0% to $446.1 million. Apparel sales surged by 25.2% in Q4, constituting 70.5% of product sales. Notably, net income for Q4 was $8.7 million, reversing a loss of $3.2 million in Q4 2020. The gross margin improved to 47.2% in Q4. The company also invested $20 million in technology, anticipating future growth.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) will release its unaudited financial results for Q4 and full year 2021 on March 30, 2022, before U.S. market opening. A conference call will be held at 8:00 a.m. ET on the same day to discuss the results. Due to COVID-19, participants must preregister online to join the call. A replay will be available from April 6, 2022. LightInTheBox is a cross-border e-commerce platform offering a wide range of products to consumers globally, operating in over 140 countries.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) reported its third quarter 2021 financial results, revealing total revenues of $98.7 million, down 1.3% year-over-year. Despite a significant growth in apparel sales, which rose 39.6% to $61.9 million, net loss increased to $6.1 million from a net income of $7.3 million in Q3 2020. The company faced rising operational costs, particularly in digital advertising and shipping. Notably, gross margin improved to 44.5% due to optimized product mix. Cash reserves decreased to $50.2 million as of September 30, 2021, down from $65.5 million at year-end 2020.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) announced plans to release its unaudited financial results for Q3 2021 on December 2, 2021, before U.S. market opening. A conference call will be held at 8:00 a.m. Eastern Time on the same day to discuss these results. Due to COVID-19, participants need to preregister online to obtain dial-in numbers. A replay of the call will be available until December 9, 2021. LightInTheBox is a global cross-border e-commerce platform offering products in over 140 countries.

LightInTheBox Holding Co., Ltd. (NYSE: LITB) will hold its 2021 annual general meeting of shareholders on December 27, 2021, at 10:00 a.m. in Shanghai, China. This meeting will not include any proposals for shareholder approval but will allow shareholders to engage with management. The record date for shareholders to attend is November 17, 2021, and they must provide proof of ADS ownership. Additionally, the Company has filed its annual report for the financial year ending December 31, 2020, with the SEC, available for free access.

LightInTheBox Holding Co., Ltd. (LITB) reported its Q2 2021 financial results, highlighting a 7.3% increase in total revenues to $122.2 million compared to Q2 2020. Gross margin improved to 46.8%, with net income rising 11.6% to $9.5 million. Revenue growth was led by a 149% surge in apparel sales, reaching $74 million. However, total operating expenses increased significantly to $60.6 million from $41.4 million. The company ended Q2 2021 with $58.2 million in cash, down from $65.5 million at the end of 2020.