LightInTheBox (LITB) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
LightInTheBox, a global apparel e-commerce retailer, reported a 25% increase in annual revenues to $629.4 million for the year 2023, with apparel sales contributing significantly to this growth. The company experienced a decrease in fourth-quarter revenue by 13.3%, but saw improved profitability with a narrower adjusted EBITDA loss year-over-year. Additionally, LightInTheBox has been notified by the NYSE of non-compliance due to its ADS trading price falling below the minimum required average.
For further insights into LITB stock, check out TipRanks’ Stock Analysis page.