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LightInTheBox Q1 revenues decreased 27.4% year-over-year to $50.9 million

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Christian Fernsby ▼ | June 25, 2019
LightInTheBox Holding
LightInTheBox   Revenues from product sales were $49.8 million

LightInTheBox Holding announced its unaudited financial results for the first quarter ended March 31, 2019.

Total revenues decreased 27.4% year-over-year to $50.9 million from $70.1 million in the same quarter of 2018.

Revenues from product sales were $49.8 million, compared with $66.0 million in the same quarter of 2018.

LightInTheBox revenues from service and others were $1.1 million, compared with $4.1 million in the same quarter of 2018.

As a percentage of total revenues, service and others accounted for 2.2% in the first quarter of 2019.

The number of orders for product sales was 2.6 million in the first quarter of 2019, compared with 1.3 million in the same quarter of 2018.

The number of customers for product sales was 0.6 million for the first quarter of 2019, compared with 1.0 million in the same quarter of 2018.

LightInTheBox product sales from the apparel category were $14.4 million in the first quarter of 2019, compared with $19.9 million in the same quarter of 2018.

As a percentage of product sales, apparel revenues accounted for 28.9% in the first quarter of 2019, compared with 30.2% in the same quarter of 2018.

Product sales from other general merchandise were $35.4 million in the first quarter of 2019.

Total cost of revenues was $33.2 million in the first quarter of 2019, compared with $49.6 million in the same quarter of 2018.

Cost for product sales was $32.8 million in the first quarter of 2019, compared with $45.9 million in the same quarter of 2018.

Cost for service and others was $0.4 million in the first quarter of 2019, compared with $3.7 million in the same quarter of 2018.

Gross profit in the first quarter of 2019 was $17.7 million, compared with $20.5 million in the same quarter of 2018.

Gross margin was 34.8% in the first quarter of 2019, compared with 29.2% in the same quarter of 2018.

Total operating expenses in the first quarter of 2019 were $26.5 million, compared with $28.6 million in the same quarter of 2018.


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