LightInTheBox Holding (LITB) Reports Q4 Loss of $0.36, Revenues Miss; Offers Q1 Revenue Outlook
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LightInTheBox Reports Fourth Quarter 2018 Financial Results
March 29, 2019 7:52 AM EDTBEIJING, March 29, 2019 /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, 2018.
Fourth Quarter 2018 Highlights
The Company generated positive cash flow with cash and cash equivalents of $38.8 million as of December 31, 2018, a slight increase from $37.5 million as of September 30, 2018. Gross margin improved to 34.6% from 29.7% during the same period last year.... More