LightInTheBox Q1 net revenues were $87.6 millionStaff writer ▼ | June 8, 2015
LightInTheBox Holding announced its unaudited financial results for the first quarter ended March 31, 2015. Net revenues were $87.6 million, an increase of 7.4% year-over-year.
LightInTheBox Holding An increase of 7.4% in revenues
Revenues from North America increased by 36.2% year-over-year to $22.3 million.
Total number of orders grew 43.6% year-over-year to 2.8 million, while the total number of customers who made purchases increased by 32.4% year-over-year to 2 million.
Mobile revenue increased to 30.4% of total net revenues, compared with 23.8% in the same quarter of 2014, and 29.7% in the fourth quarter of 2014.
Revenues from repeat customers accounted for 46.0% of total net revenues, compared with 37.8% in the same quarter of 2014, and 44.2% in the fourth quarter of 2014.
Non-GAAP net loss was $8.7 million, compared with non-GAAP net loss of $7.6 million in the same quarter of 2014.
Non-GAAP net loss per ADS was $0.18, compared with non-GAAP net loss per ADS of $0.15 in the same quarter of 2014 ■