LightInTheBox Q2 Loss Widens - Quick Facts

(RTTNews) - LightInTheBox Holding Co., Ltd. (LITB) reported that its net loss attributable to ordinary shareholders for the second quarter of 2014 widened to $5.7 million, from $0.04 million in the same quarter of 2013. Net loss per ADS was $0.11, compared with breakeven last year.

Adjusted loss from operations, which excluded the impact of share-based compensation expense of $0.1 million, was $6.2 million, compared to an adjusted income from operations of $3.9 million in the second quarter of 2013.

Adjusted net loss attributable to ordinary shareholders was $5.6 million, compared with adjusted net income of $2.8 million last year.

Net revenues increased 24.3% year-over-year to $89.8 million. The increase was primarily driven by strong performance from the apparel category and the increasing contribution of the Company's mobile commerce business and repeat customer orders. Total orders grew 52.4% year-over-year to 2.2 million, and the total number of customers who made a purchase in the quarter increased 44.2% to 1.7 million.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share and revenues of $84.80 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter of 2014, the Company expects net revenues to be between $92 million and $94 million, representing a year-over-year growth rate of approximately 35% to 38%. Analysts expect the company to revenues of $84.95 million for the third-quarter.