LightInTheBox Q3 Loss Widens - Quick Facts

(RTTNews) - LightInTheBox Holding Co., Ltd. (LITB) posted a wider third-quarter net loss attributable to ordinary shareholders of $6.26 million, or $0.06 per share, compared with last year's loss of $2.43 million, or $0.02 per share. Quarterly loss per ADS amounted to $0.13, wider than a $0.05 loss, in the year-ago quarter.

On average, 3 analysts polled by Thomson Reuters expected loss of $0.09 per share for the quarter. Analysts' estimates typically exclude one-time items.

However, three-month net revenues were $99.0 million, an increase of 45.3%, compared with the prior-year figure of $68.12 million, whereas 3 analysts estimated sales of $94.40 million. This revenue growth was primarily driven by strong performance from the apparel category, increasing contribution of both repeat and new customer orders, and growth in the mobile commerce business. Total number of orders grew 57.1% to 2.5 million year-on-year, and total number of customers who made purchase in this quarter rose 53.9% to 1.9 million year-over-year.