Earnings Call Summary | Lightinthebox(LITB.US) Q4 2023 Earnings Conference
Earnings Call Summary | Lightinthebox(LITB.US) Q4 2023 Earnings Conference
The following is a summary of the LightInTheBox Holding Co., Ltd. (LITB) Q4 2023 Earnings Call Transcript:
Financial Performance:
LightInTheBox reported full year 2023 revenue of $629 million, up 25% year-over-year, with adjusted EBITDA loss narrowing by 34% year-over-year to $6.3 million.
The company's Q4 2023 revenues decreased by 13% year-over-year to $136 million due to a decrease in apparel sales.
The net loss for the year narrowed down to $9.6 million from $56.6 million in 2022, and Q4 2023 net loss was reported to be $4.3 million.
Q4 2023 saw a gross margin increase to 56%, up from 54% of the previous year, and operating expenses saw a decrease by 10% to $80 million.
Business Progress:
Focusing on apparel significantly contributed to LightInTheBox's sales, factoring in over 80% of its total revenues.
The company plans to enhance customer experience and localize operations in key markets such as the USA.
There is also a strategic plan to increase brand visibility and awareness to gain more standing among customers and improve the brand's overall competitiveness.
More details: Lightinthebox IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the LightInTheBox Holding Co., Ltd. (LITB) Q4 2023 Earnings Call Transcript:
以下是LightinTheBox控股有限公司（LITB）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
LightInTheBox reported full year 2023 revenue of $629 million, up 25% year-over-year, with adjusted EBITDA loss narrowing by 34% year-over-year to $6.3 million.
The company's Q4 2023 revenues decreased by 13% year-over-year to $136 million due to a decrease in apparel sales.
The net loss for the year narrowed down to $9.6 million from $56.6 million in 2022, and Q4 2023 net loss was reported to be $4.3 million.
Q4 2023 saw a gross margin increase to 56%, up from 54% of the previous year, and operating expenses saw a decrease by 10% to $80 million.
LightInTheBox報告稱，2023年全年收入爲6.29億美元，同比增長25％，調整後的息稅折舊攤銷前利潤虧損同比縮小34％，至630萬美元。
由於服裝銷售下降，該公司2023年第四季度的收入同比下降13％，至1.36億美元。
該年度的淨虧損從2022年的5,660萬美元縮小至960萬美元，據報道，2023年第四季度的淨虧損爲430萬美元。
2023年第四季度的毛利率從上年的54％增長到56％，運營支出下降了10％，至8000萬美元。
Business Progress:
業務進展：
Focusing on apparel significantly contributed to LightInTheBox's sales, factoring in over 80% of its total revenues.
The company plans to enhance customer experience and localize operations in key markets such as the USA.
There is also a strategic plan to increase brand visibility and awareness to gain more standing among customers and improve the brand's overall competitiveness.
考慮到其總收入的80％以上，專注於服裝爲LightinTheBox的銷售做出了重大貢獻。
該公司計劃增強客戶體驗並實現美國等關鍵市場的本地化運營。
還有一項戰略計劃，旨在提高品牌知名度和知名度，以在客戶中獲得更多的地位並提高品牌的整體競爭力。
More details: Lightinthebox IR
更多詳情： LightintheBox IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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