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Why LightInTheBox Shares Are Gaining Today

Why LightInTheBox Shares Are Gaining Today

爲甚麼 LightIntheBox 的股價今天上漲
Benzinga ·  2023/05/26 08:28
  • LightInTheBox Holding Co Ltd (NYSE:LITB), a cross-border e-commerce platform, reported first-quarter FY23 sales growth of 57.6% year-over-year to $147.8 million, versus $93.8 million last year.
  • Sales from Apparel increased by 77.3% Y/Y to $119.2 million, representing 80.7% of total revenues.
  • Loss per American Depositary Share was $(0.03) versus $(0.05) last year.
  • The gross margin for the quarter expanded 516 bps to 55.8%, and the gross profit rose 73.6% Y/Y to $82.5 million.
  • The operating loss for the quarter reduced to $(3.96) million against a loss of $(6.38) million last year.
  • Adjusted EBITDA was negative $(3.1) million, compared with negative $(4.6) million in 1Q23.
  • As of March 31, 2023, LITB had cash and equivalents of $73.6 million.
  • "Our improved financial performance during the first quarter reflects the appeal of our growing business operations, which we have built on a foundation of robust value-for-money offerings, quality customer cohorts, and innovative technologies. In particular, our AI-powered technologies enable us to target consumers' evolving demands efficiently and fulfill their needs through our value-for-money products while also enhancing our operational efficiency," commented Jian He, Chairman and CEO of LightInTheBox.
  • 2Q23 Outlook: LightInTheBox expects net revenues to be $180 million-$200 million.
  • Price Action: LITB shares are trading higher by 21.680% at $1.74 premarket on Friday.
  • LightIntheBox 控股有限公司 跨境電子商務平臺（NYSE: LITB）報告稱，23財年第一季度銷售額同比增長57.6％，達到1.478億美元，而去年同比增長9,380萬美元。
  • 服裝銷售額同比增長77.3％，達到1.192億美元，佔總收入的80.7％。
  • 每股美國存托股份的虧損爲美元（0.03），去年爲0.05美元。
  • 本季度的毛利率增長了516個基點至55.8％，毛利同比增長73.6％至8,250萬美元。
  • 本季度的營業虧損減少至396萬美元，而去年的虧損爲638萬美元。
  • 調整後的息稅折舊攤銷前利潤爲負310萬美元，而23年第一季度爲負460萬美元。
  • 截至2023年3月31日，LITB的現金及等價物爲7,360萬美元。
  • “我們在第一季度財務業績的改善反映了我們不斷增長的業務運營的吸引力，我們的業務運營建立在強大的物有所值的產品、優質的客戶羣和創新技術的基礎上。特別是，我們的人工智能技術使我們能夠有效地瞄準消費者不斷變化的需求，通過我們的物有所值的產品滿足他們的需求，同時提高我們的運營效率。” LightinTheBox董事長兼首席執行官何健評論道。
  • 23 年第 2 季度展望： LightinTheBox預計淨收入爲1.8億至2億美元。
  • 價格走勢： 週五，LITB股價盤前上漲21.680％，至1.74美元。
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