LightInTheBox Reports Second Quarter 2020 Financial Results
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LightInTheBox Holding (LITB) Reports Q2 EPS of $0.08, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
August 19, 2020 6:07 AM EDTLightInTheBox Holding (NYSE: LITB) reported Q2 EPS of $0.08, versus ($0.11) reported last year. Revenue for the quarter came in at $113.9 million versus the consensus estimate of $78.49 million.
Second Quarter 2020 Financial Results
Total revenues increased by 95.9% year-over-year to $113.9 million from $58.1 million in the same quarter of 2019. Revenues generated from product sales were $107.2 million, compared with $57.1 million in the same quarter of 2019. Revenues from service and others were $6.7 million, compared with $1.0 million in the same quarter of 2019.Total cost of revenues was $64.3 million in the second quarter of 2020, compared with $33.8 million in the... More