Stock in News Spotlight: Lightinthebox Holding Co Ltd-ADR (NYSE: LITB)

On 04 Oct 2019, Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) stock fell -4.35% and closed at 1.1. The stock opened the session at $1.13 and touched its highest price point at $1.13. Its recent trading capacity is 1349 shares versus to its average trading volume of 15304 shares. The company’s stock’s lowest price point for the session stood at $1.1. LITB traded as low as $ 0.6 in the past 52 weeks, and shares hit its peak level to $1.81.

LightInTheBox Holding Co., Ltd. (LITB) recently reported its unaudited financial results for the second quarter ended June 30, 2019.

Second Quarter 2019 Financial Results

Total revenues increased by 4.9% year-over-year to $58.1M from $55.4M in the same quarter of 2018. Revenues from product sales were $57.1M, contrast with $52.0M in the same quarter of 2018. Revenues from service and others were $1.0M, contrast with $3.4M in the same quarter of 2018.

The number of orders for product sales was 1.3M in the second quarter of 2019, contrast with 0.9M in the same quarter of 2018. The number of consumers for product sales was 0.8M for the second quarter of 2019, contrast with 0.7M in the same quarter of 2018.

Revenues generated from product sales in the apparel category were $20.3M in the second quarter of 2019, contrast with $18.7M in the same quarter of 2018. As a percentage of product sales, apparel revenues accounted for 35.6% in the second quarter of 2019, contrast with 36.0% in the same quarter of 2018. Product sales from other general merchandise were $36.8M in the second quarter of 2019.

Total cost of revenues was $33.8M in the second quarter of 2019, contrast with $41.4M in the same quarter of 2018. Cost for product sales was $33.6M in the second quarter of 2019, contrast with $38.2M in the same quarter of 2018. Cost for service and others was $0.2M in the second quarter of 2019, contrast with $3.2M in the same quarter of 2018.

Gross profit in the second quarter of 2019 was $24.4M, contrast with $14.0M in the same quarter of 2018. Gross margin was 41.9% in the second quarter of 2019, contrast with 25.4% in the same quarter of 2018. The increase in gross margin was a result of the Company’s shift in product mix towards higher margin products.

EPS growth for this year is -538.80% and EPS growth for next year is estimated to reach at # ref. EPS growth in past five years was -37.50% while EPS growth in next five years is projected to arrive at 45.00%. Sales growth past 5 years was measured at -4.90%.

 

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