Earnings Call Summary | Lightinthebox(LITB.US) Q2 2024 Earnings Conference
Earnings Call Summary | Lightinthebox(LITB.US) Q2 2024 Earnings Conference
Gross profit margin improved to 62.4% from 57.5% last year, primarily driven by product upgrades and supply chain advantages.The following is a summary of the LightInTheBox Holding Co., Ltd. (LITB) Q2 2024 Earnings Call Transcript:
以下是蘭亭集勢控股有限公司（LITB）2024年第二季度業績會簡報:
Financial Performance:
金融業績：
LightInTheBox reported a net income of $0.6 million for Q2 2024, marking a return to profitability compared to a net loss in the same period last year.
Total revenues decreased by 64% year-over-year to $69 million, due to intense competition in the global e-commerce industry.
Gross profit margin improved to 62.4% from 57.5% last year, primarily driven by product upgrades and supply chain advantages.
Operating expenses decreased by 62% year-over-year to $43 million, with significant cuts in selling and marketing expenses.
蘭亭集勢報告2024年第二季度淨利潤爲60萬美元，相比去年同期的淨虧損，實現了回歸盈利。
由於全球電子商務行業的劇烈競爭，蘭亭集勢的總營收同比下降了64%，爲6900萬美元。
毛利潤率由去年的57.5%提高至62.4%，主要得益於產品升級和供應鏈優勢。
營業費用同比下降了62%，銷售和營銷費用大幅削減，爲4300萬美元。
Business Progress:
業務進展：
The company prioritized profitability through strategic adjustments, focusing on operational efficiency and profitability enhancement.
Progress was made in elevating product quality and refining a differential strategy to strengthen brand values and cultivate a loyal customer base.
公司通過戰略調整，專注於運營效率和盈利能力的提升，優先考慮盈利能力。
在產品質量提高和差異化戰略方面取得了進展，加強品牌價值，並培育忠實客戶群。
Opportunities:
機會：
Intends to further refine products and customer services while continuing to focus on operational efficiency and profitability.
打算進一步完善產品和客戶服務，同時繼續專注於運營效率和盈利能力。
Risks:
風險：
LightInTheBox faces intense competition in the global e-commerce industry, which continues to impact revenues negatively.
蘭亭集勢面臨全球電子商務行業的激烈競爭，繼續對營收產生負面影響。
More details: Lightinthebox IR
更多詳情請參見蘭亭集勢投資者關係頁面。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
