LightInTheBox Q1 2025: Revenues Drop 34%, Net Income Hits $0.1M, Adjusted EBITDA at $0.6M

Reuters
13 May
LightInTheBox Q1 2025: Revenues Drop 34%, Net Income Hits $0.1M, Adjusted EBITDA at $0.6M

LightInTheBox Holding Co. Ltd. reported its financial results for the first quarter of 2025, showcasing a strategic shift towards profitability. The company achieved a net income of $0.1 million, a significant turnaround from a $3.8 million net loss in the same period last year. Adjusted EBITDA also saw an improvement, recording an income of $0.6 million compared to a loss of $3.1 million in the previous year. Total revenues for the quarter were reported at $47.0 million, marking a 34% decrease year over year. This decline is attributed to the company's strategic focus on margin preservation over market share in a competitive landscape. Despite decreased revenues, the gross margin improved to 65.2%, up from 58.2% in the previous year, driven by a favorable mix of higher-margin proprietary products. Operating expenses were reduced by 33% to $30.5 million, reflecting effective cost management and operational efficiency. Fulfillment expenses decreased by 33% to $3.9 million, and selling and marketing expenses also declined by 33% to $21.9 million, despite an overall industry increase in traffic costs. General and administrative expenses were reduced by 32% to $5.0 million, with research and development expenses constituting $2.7 million, highlighting the company's focus on innovation. The company's strategic pivot to a brand-focused apparel business, with the introduction of proprietary brands like Ador, has resulted in four consecutive quarters of profitability. This shift emphasizes profitability and a data-driven design approach, resonating with consumers and driving higher repurchase rates and margins compared to its legacy e-commerce business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LightInTheBox Holding Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-047586), on May 13, 2025, and is solely responsible for the information contained therein.

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