Apparel E-Commerce Retailer LightInTheBox Posts 13% Revenue Decline In Q4, Reveals NYSE Non-Compliance Letter
Apparel E-Commerce Retailer LightInTheBox Posts 13% Revenue Decline In Q4, Reveals NYSE Non-Compliance Letter
LightInTheBox Holding Co., Ltd. (NYSE:LITB) reported a fourth-quarter FY23 sales decline of 13.3% year-on-year to $135.6 million versus sales of $156.42 million last year.
LightinTheBox控股有限公司（纽约证券交易所代码：LITB）报告称，23财年第四季度的销售额同比下降13.3％，至1.356亿美元，而去年的销售额为1.5642亿美元。
Product sales decreased 14.3% to $130.9 million, and Services and others sales rose to $4.6 million. Sales from apparel decreased by 12.4% to $108.5 million in the fourth quarter of 2023.
产品销售额下降了14.3％，至1.309亿美元，服务和其他销售额增长至460万美元。2023年第四季度，服装销售额下降了12.4％，至1.085亿美元。
The gross margin for the quarter expanded 170 basis points to 55.6%, and the gross profit fell 10.7% to $75.4 million.
本季度的毛利率增长了170个基点至55.6％，毛利下降了10.7％，至7,540万美元。
The operating expense decreased 10.2% Y/Y to $80.2 million. The operating loss for the quarter remained flat at $(4.9) million.
运营费用同比下降10.2％，至8,020万美元。该季度的营业亏损保持不变，为490万美元。
Adjusted EBITDA for the quarter was $(3.3) million versus $(3.8) million last year. Loss per American Depositary Share (ADS) was $(0.04) versus $(0.43) last year.
本季度调整后的息税折旧摊销前利润为330万美元，去年同期为380万美元。美国存托股份（ADS）的每股亏损为0.04美元，而去年的亏损为0.43美元。
The company held $71.7 million in cash and equivalents as of December 31, 2023. As of March 20, 2024, the company has repurchased 2.5 million ADSs with a total aggregate value of approximately $3.0 million.
截至2023年12月31日，该公司持有7,170万美元的现金及等价物。截至2024年3月20日，该公司已回购了250万张ADS，总价值约为300万美元。
"Our continuous efforts and investments in our proprietary technologies and data analytics capabilities enabled us to better align our products, services and marketing strategies with consumer preferences and demands," said Chairman CEO Jian He.
董事长首席执行官何健表示：“我们在专有技术和数据分析能力方面的持续努力和投资使我们能够更好地调整我们的产品、服务和营销策略，使其与消费者的偏好和需求保持一致。”
Outlook: For the first quarter of 2024, the company sees net revenues of $70 million – $80 million.
展望：2024年第一季度，该公司预计净收入为7,000万至8000万美元。
Price Action: LITB shares closed higher by 4.94% at $0.7929 on Friday.
价格走势：周五，LITB股价收盘上涨4.94％，至0.7929美元。