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LightInTheBox (LITB)
NYSE:LITB
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LightInTheBox
(NYSE:LITB)
Rating:47Neutral
Price Target:
$1.00
▼(-17.36%Downside)
LightInTheBox (LITB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.88M
Dividend YieldN/A
Average Volume (3M)14.48K
Price to Earnings (P/E)15.7
Beta (1Y)-0.86
Revenue Growth-58.19%
EPS GrowthN/A
CountryUS
Employees422
SectorConsumer Cyclical
Sector Strength66
IndustrySpecialty Retail
Share Statistics
EPS (TTM)<0.01
Shares Outstanding18,389,063
10 Day Avg. Volume8,362
30 Day Avg. Volume14,484
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.87
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.14
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.02
Enterprise Value/Ebitda-0.12
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 Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q3-2024)
| % Change Since: -8.33%|
Next Earnings Date:Sep 09, 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.LightInTheBox Financial Statement Overview
Summary
LightInTheBox faces substantial financial challenges with declining revenues, persistent losses, negative equity, and negative cash flows, indicating a high-risk profile.Income Statement
LightInTheBox shows a declining revenue trend with a significant revenue drop from 2023 to 2024. The company has consistently reported negative EBIT and net losses over recent years, indicating struggling profitability. The gross profit margin has decreased, reflecting challenges in maintaining cost efficiencies.40
Negative
Balance Sheet
The balance sheet reveals negative stockholders' equity, indicating financial instability and potential solvency concerns. The debt-to-equity ratio is not meaningful due to negative equity, but the overall liabilities exceed assets, posing a risk. The equity ratio is negative, further highlighting the company's leveraged position.30
Negative
Cash Flow
Cash flows indicate significant challenges, with a sizable negative operating cash flow in 2024, suggesting operational inefficiencies. Free cash flow remains negative, continuing a declining trend. The cash flow to net income ratios reflect the difficulty in generating positive cash flow from operations.35
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 333.09M | 255.29M | 629.43M | 503.57M | 446.10M | 398.15M | Gross Profit |
| 194.96M | 153.49M | 359.93M | 275.08M | 206.71M | 176.15M | EBIT |
| -8.34M | -2.22M | -10.39M | -14.24M | 19.97M | 14.41M | EBITDA |
| -5.83M | -330.00K | -6.34M | -65.89M | 23.27M | 16.86M | Net Income Common Stockholders |
| -7.21M | -2.49M | -9.59M | -56.58M | 13.13M | 13.32M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 33.90M | 17.95M | 66.42M | 88.58M | 55.94M | 61.48M | Total Assets |
| 111.16M | 69.37M | 126.31M | 164.81M | 195.37M | 158.03M | Total Debt |
| 13.81M | 9.51M | 7.00M | 11.57M | 11.65M | 12.39M | Net Debt |
| -20.09M | -8.43M | -59.43M | -77.01M | -44.29M | -49.09M | Total Liabilities |
| 79.86M | 82.55M | 134.69M | 160.94M | 131.49M | 108.65M | Stockholders Equity |
| 31.12M | -13.17M | -8.38M | 3.88M | 63.76M | 49.29M |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | -50.44M | -21.86M | 35.01M | -3.67M | 25.45M | Operating Cash Flow |
| 0.00 | -48.16M | -20.71M | 35.83M | -1.77M | 29.31M | Investing Cash Flow |
| 0.00 | -2.26M | -1.08M | 2.05M | -1.74M | -1.84M | Financing Cash Flow |
| 0.00 | -586.00K | -2.29M | -43.00K | -1.32M | -3.69M |
LightInTheBox Technical Analysis
Neutral
1.21
Price Trends
1.51
Negative
1.30
Negative
1.82
Negative
Market Momentum
-0.05
Negative
47.47
Neutral
30.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LITB, the sentiment is Neutral. The current price of 1.21 is below the 20-day moving average (MA) of 1.24, below the 50-day MA of 1.51, and below the 200-day MA of 1.82, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 47.47 is Neutral, neither overbought nor oversold. The STOCH value of 30.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $7.53B | 7.62 | 19.00% | 3.14% | -5.90% | -11.16% | |
63 Neutral | $6.96B | 11.51 | 2.80% | 3.85% | 2.70% | -24.43% | |
54 Neutral | $103.13M | ― | -17.72% | ― | 4.93% | -22.08% | |
53 Neutral | $171.46M | ― | -4.61% | ― | 6.05% | 29.58% | |
53 Neutral | $344.94M | ― | -135.29% | ― | -15.71% | 47.94% | |
47 Neutral | $21.88M | 15.70 | 114.41% | ― | -58.19% | ― | |
38 Underperform | $26.25M | ― | -22.65% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
LITB
LightInTheBox
1.21
-3.61
-74.90%
VIPS
Vipshop
15.05
-0.42
-2.71%
BZUN
Baozun
2.77
0.29
11.69%
CHPT
ChargePoint Holdings
0.82
-0.97
-54.19%
BQ
Boqii Holding
2.21
-2.31
-51.11%
DIBS
1stdibs.com
2.89
-2.62
-47.55%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.