LightInTheBox Holding (LITB) Tops Q4 EPS by 11c; Guides Q1 Revenue Below Expectations
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LightInTheBox Reports Fourth Quarter and Full Year 2015 Financial Results
April 11, 2016 6:30 AM EDTBEIJING, April 11, 2016 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Highlights
GAAP net revenues were $87.5 million, exceeding the Company's guidance of $81.0 million to $83.0 million. Non-GAAP[1] net revenues were $95.9 million. Non-GAAP net income was $5.5 million, compared with non-GAAP net loss of $0.5 million in the same quarter of 2014. GAAP net... More