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

LightInTheBox Holding Co., Ltd. (LITB) recently reported its unaudited financial outcomes for the 2nd quarter ended June 30, 2019.

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 greatest cost point at $1.13. Its recent trading capacity is 1349 shares versus to its average trading volume of 15304 shares. The companys stocks lowest cost 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.

2nd Quarter 2019 Financial Results.

Gross earnings in the 2nd quarter of 2019 was $ 24.4 M, contrast with $ 14.0 M in the same quarter of 2018. Gross margin was 41.9% in the 2nd quarter of 2019, contrast with 25.4% in the exact same quarter of 2018. The boost in gross margin was an outcome of the Companys shift in item mix towards greater margin items.

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

Incomes generated from item sales in the garments classification were $ 20.3 M in the 2nd quarter of 2019, contrast with $ 18.7 M in the very same quarter of 2018. As a portion of item sales, garments profits represented 35.6% in the 2nd quarter of 2019, contrast with 36.0% in the very same quarter of 2018. Item sales from other general product were $ 36.8 M in the second quarter of 2019.

As a portion of product sales, clothing revenues accounted for 35.6% in the 2nd quarter of 2019, contrast with 36.0% in the exact same quarter of 2018. Product sales from other general product were $ 36.8 M in the 2nd quarter of 2019.

The number of orders for product sales was 1.3 M in the 2nd quarter of 2019, contrast with 0.9 M in the very same quarter of 2018. The variety of customers for product sales was 0.8 M for the second quarter of 2019, contrast with 0.7 M in the exact same quarter of 2018.

.

EPS development for this year is -538.80% and EPS growth for next year is approximated to reach at # ref. EPS growth in previous 5 years was -37.50% while EPS growth in next five years is forecasted to reach 45.00%. Sales development past 5 years was determined at -4.90%.

Overall cost of incomes was $ 33.8 M in the 2nd quarter of 2019, contrast with $ 41.4 M in the exact same quarter of 2018. Gross margin was 41.9% in the second quarter of 2019, contrast with 25.4% in the very same quarter of 2018.

Total expense of earnings was $ 33.8 M in the 2nd quarter of 2019, contrast with $ 41.4 M in the very same quarter of 2018. Expense for item sales was $ 33.6 M in the second quarter of 2019, contrast with $ 38.2 M in the exact same quarter of 2018. Expense for service and others was $ 0.2 M in the 2nd quarter of 2019, contrast with $ 3.2 M in the same quarter of 2018.