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Lightinthebox | 6-K: Report of foreign private issuer (related to financial reporting)

Lightinthebox | 6-K: Report of foreign private issuer (related to financial reporting)

兰亭集势 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/08/02 07:04

Moomoo AI 已提取核心信息

LightInTheBox reported a turnaround in Q2 2024, achieving a net income of $0.6 million compared to a net loss in Q2 2023, despite total revenues declining 63.8% YoY to $69.4 million. The company's strategic focus on profitability proved effective, with gross margin improving to 62.4% from 57.5% in the same period last year.Operating expenses decreased significantly to $42.7 million from $111.8 million YoY, with selling and marketing expenses reduced to 45.5% of revenues compared to 49.0% in Q2 2023. The company maintained strong cost control with fulfillment expenses at 7.2% of revenues and G&A expenses at 9.2%.As of June 30, 2024, the company held $27.9 million in cash and restricted cash, down from $71.7 million at the end of 2023. Management remains focused on strengthening localized operations, upgrading products and services, and building brand recognition to drive sustainable value in the competitive e-commerce market.
LightInTheBox reported a turnaround in Q2 2024, achieving a net income of $0.6 million compared to a net loss in Q2 2023, despite total revenues declining 63.8% YoY to $69.4 million. The company's strategic focus on profitability proved effective, with gross margin improving to 62.4% from 57.5% in the same period last year.Operating expenses decreased significantly to $42.7 million from $111.8 million YoY, with selling and marketing expenses reduced to 45.5% of revenues compared to 49.0% in Q2 2023. The company maintained strong cost control with fulfillment expenses at 7.2% of revenues and G&A expenses at 9.2%.As of June 30, 2024, the company held $27.9 million in cash and restricted cash, down from $71.7 million at the end of 2023. Management remains focused on strengthening localized operations, upgrading products and services, and building brand recognition to drive sustainable value in the competitive e-commerce market.
兰亭集势在2024年第二季度实现了扭亏为盈,净利润达60万美元,而2023年第二季度则出现了净亏损,尽管总收入同比下降了63.8%,降至6940万美元。公司的战略重心放在盈利能力上,取得了有效的成效,毛利率从去年的57.5%提高至62.4%。营业费用同比大幅减少,从11180万美元降至4270万美元,销售和营销费用占收入的比例从2023年第二季度的49.0%降至45.5%。公司保持了强有力的成本控制,履约费用占收入的比例为7.2%,一般和管理费用为9.2%。截至2024年6月30日,公司持有2790万美元现金及限制性现金,低于2023年底的7170万美元。管理层仍然专注于加强本地化运营、升级产品和服务以及提升品牌知名度,以推动在竞争激烈的电子商务市场中的可持续价值。
兰亭集势在2024年第二季度实现了扭亏为盈,净利润达60万美元,而2023年第二季度则出现了净亏损,尽管总收入同比下降了63.8%,降至6940万美元。公司的战略重心放在盈利能力上,取得了有效的成效,毛利率从去年的57.5%提高至62.4%。营业费用同比大幅减少,从11180万美元降至4270万美元,销售和营销费用占收入的比例从2023年第二季度的49.0%降至45.5%。公司保持了强有力的成本控制,履约费用占收入的比例为7.2%,一般和管理费用为9.2%。截至2024年6月30日,公司持有2790万美元现金及限制性现金,低于2023年底的7170万美元。管理层仍然专注于加强本地化运营、升级产品和服务以及提升品牌知名度,以推动在竞争激烈的电子商务市场中的可持续价值。
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