LightInTheBox Holding (LITB) Reports Q1 EPS of $0.02; Guides Q2 Revenue Below Views
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LightInTheBox Reports First Quarter 2016 Financial Results
June 13, 2016 6:05 AM EDTBEIJING, June 13, 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 first quarter of 2016.
First Quarter 2016 Highlights
GAAP net revenues were $67.3 million. Non-GAAP[1] net revenues were $69.8 million. GAAP net loss was $2.1 million, compared with GAAP net loss of $21.6 million during the same quarter last year and GAAP net loss of $3.5 million last quarter. Non-GAAP net income was $0.9... More