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LightInTheBox (LITB)
:LITB
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LightInTheBox
(NYSE:LITB)
43Neutral
LightInTheBox (LITB) vs. S&P 500 (SPY)
Market Cap
$20.04M
Dividend YieldN/A
Average Volume (3M)77.34K
Price to Earnings (P/E)―
Beta (1Y)-0.77
Revenue Growth-59.44%
EPS Growth73.87%
CountryUS
Employees422
SectorConsumer Cyclical
Sector Strength59
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.13
Shares Outstanding18,389,063
10 Day Avg. Volume35,551
30 Day Avg. Volume77,343
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.03
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.06
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
LightInTheBox Business Overview & Revenue Model
Company DescriptionLightInTheBox Holding Co., Ltd. operates as a cross-border e-commerce platform that delivers products directly to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, toys and hobbies, electronics and communication devices, and other products. It also offers supplier chain management, research and development, customer, marketing, administrative and general support, logistic, warehouse management, and local delivery services, as well as engages in the product sourcing, marketing, and operation of its websites and mobile applications. The company provides its products through www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.com, and other websites and mobile applications, which are available in 25 languages and cover approximately 140 countries and regions. LightInTheBox Holding Co., Ltd. was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyLightInTheBox makes money primarily through the sale of products on its e-commerce platforms. The company's revenue model is based on a direct-to-consumer approach, where it lists a variety of items from clothing and accessories to electronics and home goods. Revenue is generated through the margins on the products sold, which are often sourced from manufacturers at lower costs and sold at a markup. Additionally, LightInTheBox benefits from economies of scale and efficient logistics operations that help reduce costs. The company may also partner with third-party sellers and brands, offering them a platform to reach global markets, which can provide an additional revenue stream through commissions or fees. Promotional activities, seasonal sales, and targeted marketing strategies also contribute to driving sales and increasing the company's profitability.
LightInTheBox Financial Statement Overview
Summary
LightInTheBox shows strong revenue growth, but persistent challenges in profitability and cash flow management. The negative equity and cash flow issues suggest financial instability, requiring strategic adjustments to improve financial health and sustain growth.Income Statement
LightInTheBox's gross profit margin has improved over the years, reaching approximately 57.2% in 2023, indicating effective cost management. However, the company has been struggling with negative net and EBIT margins, with a net loss of $9.59 million in 2023, suggesting profitability challenges. Revenue growth is strong, with a 25% increase from 2022 to 2023, showing positive sales momentum.65
Positive
Balance Sheet
The company's balance sheet shows a negative stockholders' equity of $8.38 million in 2023, raising concerns about financial stability and solvency. The high debt-to-equity ratio is not calculable due to negative equity. Total assets have decreased, and liabilities exceed assets, pointing to potential financial risks.40
Negative
Cash Flow
Operating cash flow turned negative in 2023, indicating operational cash generation issues. Free cash flow has also declined significantly, reflecting potential liquidity concerns. The operating cash flow to net income ratio is negative, highlighting cash flow challenges.30
Negative
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 629.43M | 503.57M | 446.10M | 398.15M | 243.63M | Gross Profit |
| 359.93M | 275.08M | 206.71M | 176.15M | 97.60M | EBIT |
| -10.39M | -14.24M | 19.97M | 14.41M | -16.05M | EBITDA |
| -6.34M | -65.89M | 23.27M | 16.86M | 1.88M | Net Income Common Stockholders |
| -9.59M | -56.58M | 13.13M | 13.32M | -1.06M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 66.42M | 88.58M | 55.94M | 61.48M | 37.74M | Total Assets |
| 126.31M | 164.81M | 195.37M | 158.03M | 113.20M | Total Debt |
| 7.00M | 11.57M | 11.65M | 12.39M | 12.27M | Net Debt |
| -59.43M | -77.01M | -44.29M | -49.09M | -25.46M | Total Liabilities |
| 134.69M | 160.94M | 131.49M | 108.65M | 81.32M | Stockholders Equity |
| -8.38M | 3.88M | 63.76M | 49.29M | 31.83M |
| Cash Flow | Free Cash Flow | |||
| -21.86M | 35.01M | -3.67M | 25.45M | 965.00K | Operating Cash Flow |
| -20.71M | 35.83M | -1.77M | 29.31M | 1.88M | Investing Cash Flow |
| -1.08M | 2.05M | -1.74M | -1.84M | -681.00K | Financing Cash Flow |
| -2.29M | -43.00K | -1.32M | -3.69M | -551.00K |
LightInTheBox Technical Analysis
Negative
1.22
Price Trends
1.42
Negative
1.39
Negative
2.09
Negative
Market Momentum
-0.08
Positive
31.55
Neutral
4.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LITB, the sentiment is Negative. The current price of 1.22 is below the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.42, and below the 200-day MA of 2.09, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 31.55 is Neutral, neither overbought nor oversold. The STOCH value of 4.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LITB.
LightInTheBox Risk Analysis
LightInTheBox disclosed 52 risk factors in its most recent earnings report. LightInTheBox reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LightInTheBox Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.30B | 7.14 | 20.12% | 3.23% | -5.47% | -2.19% | |
61 Neutral | $6.64B | 11.67 | 3.04% | 3.98% | 2.60% | -21.24% | |
55 Neutral | $162.80M | ― | -4.63% | ― | 5.34% | 34.89% | |
51 Neutral | $282.48M | ― | -121.64% | ― | -17.68% | 46.68% | |
46 Neutral | $87.45M | ― | -15.95% | ― | 4.22% | 13.35% | |
43 Neutral | $20.04M | ― | 114.41% | ― | -59.44% | 73.87% | |
38 Underperform | $23.79M | ― | -22.65% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
LITB
LightInTheBox
1.09
-3.41
-75.78%
VIPS
Vipshop
14.25
-1.35
-8.65%
BZUN
Baozun
2.85
0.14
5.17%
CHPT
ChargePoint Holdings
0.58
-1.20
-67.42%
BQ
Boqii Holding
2.17
-1.03
-32.19%
DIBS
1stdibs.com
2.48
-3.16
-56.03%
LightInTheBox Earnings Call Summary
Earnings Call Date:Mar 25, 2025
(Q3-2024)
| % Change Since: 16.19%|
Next Earnings Date:Jun 20, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted a strategic shift towards a brand-focused model with the launch of Ador.com, resulting in improved margins and maintained profitability despite a significant revenue decline. The company successfully managed expenses, yet faced challenges from intense competition leading to reduced revenues.Q3-2024 Updates
Positive Updates
Improved Gross Margin
Gross margin improved to 61% in Q3 2024 from 60% in the same period last year, driven by the positive impact of new product lines including those for Ador.com.
Successful Expense Management
Achieved a 63% reduction in total operating expenses year-over-year, decreasing to $34 million from $92 million, due to effective operational efficiency enhancements.
Profitability Maintenance
Maintained profitability with a net income of $0.3 million compared to $0.1 million in the same quarter last year, with an adjusted EBITDA of $0.8 million, consistent with Q3 2023.
Strategic Shift to Brand-Focused Model
Launched new brand Ador.com to transition from e-commerce retailer to brand-focused apparel designer, offering high-quality clothing at competitive prices and achieving higher margins.
Negative Updates
Significant Revenue Decline
Total revenues decreased by 63% year-over-year to $57 million, primarily due to intense competition in the global e-commerce industry.
Decrease in Gross Profit
Gross profit was $35 million, down from $92 million in the same quarter last year, reflecting the significant revenue decline.
Company Guidance
During the LightInTheBox Q3 2024 earnings call, the company outlined its strategic focus on profitability over market share amidst intense competition in the e-commerce industry. CEO Jian He highlighted the transformation from an e-commerce retailer to a brand-focused apparel designer with the launch of their new brand, Ador.com, aiming to deliver high-quality clothing at prices 50% lower than similar brands. The financial results presented by CFO Yuan Jun Ye revealed a 63% year-over-year decrease in total revenues to $57 million, with gross margins improving to 61% due to higher-margin product lines like Ador. The company also achieved a 63% reduction in operating expenses, with net income at $0.3 million, compared to $0.1 million in the previous year, and an adjusted EBITDA of $0.8 million, consistent with Q3 2023. These metrics underscore LightInTheBox's commitment to sustainable growth through strategic investments in new initiatives, efficiency improvements, and e-commerce services.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.