LightInTheBox Stock Gains Post Q4 Results

by Shivani Kumaresan, Benzinga Staff Writer

March 30, 2022 9:46 AM | 1 min read | Make a Comment

LightInTheBox Holding Co Ltd LITB reported a fourth-quarter FY21 sales decline of 14.8% year-on-year, to $113.15 million, beating the estimate of $78.49 million.
Revenue from apparel sales rose 25.2% to $77.9 million.
Gross margin for the quarter expanded by 230 basis points to 47.2%.
Operating expenses decreased 2.2% to $60.9 million. Operating loss for the quarter was $(7.5) million versus a loss of $(2.7) million last year.
Adjusted EBITDA was $16.2 million versus a loss of $(0.5) million last year.
Earnings per ADS of $0.07 improved from a loss of $(0.03) last year.
The company held $59.6 million in cash and equivalents as of December 31, 2021.
Price Action: LITB shares are trading higher by 10.6% at $1.25 on the last check Wednesday.