LightInTheBox Holding Co., Ltd. (NYSE: LITB) came out with financial figures to begin Tuesday.
The company, a global specialty retailer focusing on proprietary apparel brands and design-driven collections tailored to evolving consumer preferences, today announced its unaudited financial results for the first quarter ended March 31, 2025.
The company's strategic shift toward high-margin proprietary brands delivered sustained profitability despite a challenging e-commerce landscape.
First-Quarter total revenues were $47.0 million, a 34% decrease year over year, reflecting a deliberate focus on margin preservation over market share in a competitive market.
Gross Profit was $30.6 million, compared with $41.4 million in the same quarter last year.
Gross Margin improved to 65.2% from 58.2% in the same quarter last year, driven by the Company's higher-margin proprietary product lines.
Operating Expenses declined by 33% year over year to $30.5 million, mainly attributable to reduced revenue along with effective cost management and operational efficiency enhancements.
Net Income reached $0.1 million, compared with a net loss of $3.8 million in the same quarter last year, marking sustained profitability amidst industry challenges.
Adjusted EBITDA was an income of $0.6 million, compared with a loss of $3.1 million in the same quarter last year.
CEO Jian He commented, "In 2024, we transformed LightInTheBox into a brand-focused apparel company, prioritizing profitability and launching proprietary brands like Ador and other apparel lines.”
LITB shares closed Monday at $1.32.
