LITB Earnings Prediction
The chart below shows how LITB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LITB sees a +17.98% change in stock price 10 days leading up to the earnings, and a -0.98% change 10 days following the report. On the earnings day itself, the stock moves by -4.83%. This data can give you a slight idea of what to expect for the next quarter's release.
LITB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
57.01M
-63.06%
-17.81%
Gross Margin
61.11%
2.67%
-2.08%
Operating Margin
0.96%
9500.00%
7.87%
Net Margin
0.47%
683.33%
-47.78%
EPS
0.01
--
-50.00%
No Data Available
LITB Earnings Analysis
LIGHTINTHEBOX HOLDING CO., LTD. Corporation (LITB.N) Earnings Conference Call
Positive
Gross Margin Improvement: Our gross margin improved to 61% this year, from 60% in the same period last year.
Operating Expenses Reduction: We achieved a 63% reduction in total operating expenses year-over-year, bringing them down to $34 million from $92 million in the same period last year.
Marketing Expense Reduction: Selling and marketing expenses declined by 67% year-over-year to $25 million.
Administrative Expense Reduction: General and administrative expenses decreased by 42% year-over-year to $6 million.
Consistent Adjusted EBITDA: Our adjusted EBITDA was $0.8 million consistent with the third quarter of 2023.
Negative
Revenue Decline Analysis: In the third quarter of 2024, our total revenues decreased by 63% year-over-year to $57 million, primarily due to intense competition in the global e-commerce industry.
Gross Profit Decline: Our gross profit was $35 million, compared with $92 million in the same quarter last year.
Gross Margin Improvement: Despite this decline, our gross margin improved to 61% this year, from 60% in the same period last year.
Operating Expense Reduction: We achieved a 63% reduction in total operating expenses year-over-year, bringing them down to $34 million from $92 million in the same period last year.
Marketing Expense Reduction: Selling and marketing expenses declined by 67% year-over-year to $25 million.
LITB FAQs
How does LITB typically perform around its earnings report dates?
Is LightInTheBox Holding Co., Ltd. (LITB) Q3 2024 Earnings Call Summary positive or negative?
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LITB Earning Call Sentiment
LightInTheBox Holding Co., Ltd. (LITB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LITB.N
-0.97%Positive
The earnings call reveals a significant revenue decline of 63% YoY, overshadowing operational improvements and strategic shifts. Despite increased gross margins and reduced expenses, the lack of a share buyback program and competitive pressures raise concerns. The Q&A section provided no clarifying insights, suggesting potential management communication issues. Without new partnerships or strong guidance, the stock price is likely to react negatively, especially given the intense competition and economic factors impacting profitability. The absence of a market cap prevents precise impact estimation, but the sentiment remains negative.
