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Stock impact report

LightInTheBox Reports Fourth Quarter 2019 Financial Results

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing 2 ordinary shares (LITB) 
Last lightinthebox holding co., ltd. american depositary shares, each representing 2 ordinary shares earnings: 6/15 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lightinthebox.com
Company Research Source: PR Newswire
BEIJING, April 22, 2020 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a cross-border e-commerce platform that delivers products directly to consumers around the world, today announced its unaudited financial results for the fourth quarter ended December 31, 2019.Fourth Quarter 2019 HighlightsTotal revenues regained significant growth momentum increasing 29.9% year-over-year to $74.7 million. Gross margin improved to 40.4% from 34.6% in the same quarter of 2018. Net income was $12.5 million, compared with a net loss of $24.4 million in the same quarter of 2018.Mr. Jian He, Chief Executive Officer of LightInTheBox, commented, "our results this quarter are a strong reflection of the significant progress we have made since we began implementing our strategy to turn the business around last year. I am pleased to report that we are beginning to see the tangible benefits of the changes we have been making to improve operational efficiency, p Show less Read more
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