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LightInTheBox Q2 revenues increased 95.9%

Christian Fernsby ▼ | August 20, 2020
LightInTheBox Holding announced its unaudited financial results for the second quarter ended June 30, 2020.
LightInTheBox
LightInTheBox   Total revenues increased by 95.9% year-over-year to $113.9 million
Total revenues increased by 95.9% year-over-year to $113.9 million from $58.1 million in the same quarter of 2019.

Topics: LightInTheBox

Revenues generated from product sales were $107.2 million, compared with $57.1 million in the same quarter of 2019.

Revenues from service and others were $6.7 million, compared with $1.0 million in the same quarter of 2019.

Total cost of revenues was $64.3 million in the second quarter of 2020, compared with $33.8 million in the same quarter of 2019.

Cost for product sales was $59.0 million in the second quarter of 2020, compared with $33.6 million in the same quarter of 2019.

Cost for service and others was $5.3 million in the second quarter of 2020, compared with $0.2 million in the same quarter of 2019.

Gross profit in the second quarter of 2020 was $49.6 million, compared with $24.4 million in the same quarter of 2019.

Gross margin was 43.5% in the second quarter of 2020, compared with 41.9% in the same quarter of 2019.

The increase in gross margin was a result of the Company's continuous efforts to drive revenues from product categories with higher margins.

Total operating expenses in the second quarter of 2020 were $41.4 million, compared with $26.9 million in the same quarter of 2019.


 

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