LightInTheBox Holding (LITB) Reports Q1 EPS of $0.02; Guides Q2 Revenue Below Views

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Go back to LightInTheBox Holding (LITB) Reports Q1 EPS of $0.02; Guides Q2 Revenue Below Views

LightInTheBox Reports First Quarter 2016 Financial Results

June 13, 2016 6:05 AM EDT

BEIJING, 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