Online retailer LightInTheBox Q2 revenue falls as company trims long-tail products - LITB News | RalliesOnline retailer LightInTheBox Q2 revenue falls as company trims long-tail products
L
LITB• Key details
| Metric | Actual |
|---|
| Q2 Total Revenue | $56.80 mln |
| Q2 Net Income | $1.60 mln |
| Q2 Adjusted EBITDA | $1.90 mln |
| Q2 Gross Margin | 66.10% |
| Q2 Operating Expenses | $35.50 mln |
Result drivers
- Product mix optimization - Co said Q2 revenue fell as it phased out long-tail products to optimize its product mix
- Disciplined expense management - Co said profitability was sustained through reductions in fulfillment, selling, and administrative expenses
- External challenges - Co cited geopolitical disruptions, higher logistics costs and foreign exchange headwinds as impacting results
Analyst coverage
- The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 3 three months ago
Overview and outlook
- Singapore e-commerce firm's Q2 revenue fell 4% yr/yr as long-tail products were phased out
- Q2 net income and adjusted EBITDA declined but company remained profitable
The company said the external environment remains uncertain, with a focus on strategic transformation for the AI era.
•
