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LightInTheBox Q2 revenues increased 4.9%

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Christian Fernsby |
LightInTheBox
LightInTheBox   Gross margin increased substantially to 41.9%

LightInTheBox announced its unaudited financial results for the second quarter ended June 30, 2019.

Topics: LightInTheBox

Total revenues regained growth momentum increasing 4.9% year-over-year to $58.1 million.

Gross margin increased substantially to 41.9% from 25.4% in the same quarter of 2018.

Adjusted EBITDA improved significantly and turned positive, increasing to earnings of $0.9 million, compared with a loss of $8.9 million in the same quarter of 2018.

Net loss narrowed to $7.3 million, compared with a net loss of $9.5 million in the same quarter of 2018. Net loss included the impact from a $6.6 million non-operating loss due to the change in fair value of the convertible promissory notes associated with the acquisition of Ezbuy.

Selling and marketing expenses as a percentage of total revenue decreased to 19.8% from 20.4% in the same quarter of 2018.


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