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（紐約證券交易所代碼：LITB）報告稱，23財年第四季度的銷售額同比下降13.3％，至1.356億美元，而去年的銷售額爲1.5642億美元。
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.
產品銷售額下降了14.3％，至1.309億美元，服務和其他銷售額增長至460萬美元。2023年第四季度，服裝銷售額下降了12.4％，至1.085億美元。
The gross margin for the quarter expanded 170 basis points to 55.6%, and the gross profit fell 10.7% to $75.4 million.
本季度的毛利率增長了170個點子至55.6％，毛利下降了10.7％，至7,540萬美元。
The operating expense decreased 10.2% Y/Y to $80.2 million. The operating loss for the quarter remained flat at $(4.9) million.
運營費用同比下降10.2％，至8,020萬美元。該季度的營業虧損保持不變，爲490萬美元。
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.
本季度調整後的息稅折舊攤銷前利潤爲330萬美元，去年同期爲380萬美元。美國存托股份（ADS）的每股虧損爲0.04美元，而去年的虧損爲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，該公司持有7,170萬美元的現金及等價物。截至2024年3月20日，該公司已回購了250萬張ADS，總價值約爲300萬美元。
"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.
董事長首席執行官何健表示：“我們在專有技術和數據分析能力方面的持續努力和投資使我們能夠更好地調整我們的產品、服務和營銷策略，使其與消費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，該公司預計淨收入爲7,000萬至8000萬美元。
Price Action: LITB shares closed higher by 4.94% at $0.7929 on Friday.
價格走勢：週五，LITB股價收盤上漲4.94％，至0.7929美元。