LightInTheBox Returns to Profitability in Q2 2024
Ticker: LITB · Form: 6-K · Filed: Aug 2, 2024 · CIK: 1523836
Sentiment: bullish
Topics: earnings, profitability, financial-results
TL;DR
LightInTheBox is back in the black! Q2 net income hits $0.6M.
AI Summary
LightInTheBox Holding Co., Ltd. reported its second quarter 2024 financial results on August 2, 2024, announcing a return to profitability with a net income of $0.6 million. This marks a significant improvement compared to previous periods. The company's CEO, Jian He, signed off on the report.
Why It Matters
The company's return to profitability indicates a potential turnaround in its financial performance, which could positively impact investor confidence and its stock valuation.
Risk Assessment
Risk Level: medium — While profitability is a positive sign, the overall financial health and future growth prospects of the company require further monitoring.
Key Numbers
- $0.6 Million — Net Income (Indicates the company's return to profitability in Q2 2024.)
Key Players & Entities
- LightInTheBox Holding Co., Ltd. (company) — Filer of the report and company reporting financial results.
- Jian He (person) — Chief Executive Officer of LightInTheBox Holding Co., Ltd., who signed the report.
- $0.6 Million (dollar_amount) — Net income reported for the second quarter of 2024.
- August 2, 2024 (date) — Date the report was filed and the financial results were announced.
FAQ
What was LightInTheBox's net income for the second quarter of 2024?
LightInTheBox reported a net income of $0.6 million for the second quarter of 2024.
When did LightInTheBox file this report?
LightInTheBox filed this report on August 2, 2024.
Who signed the report on behalf of LightInTheBox Holding Co., Ltd.?
Jian He, the Chief Executive Officer, signed the report.
What is the primary purpose of this 6-K filing?
This 6-K filing is to report LightInTheBox's second quarter 2024 financial results.
Does LightInTheBox file annual reports under Form 20-F or 40-F?
The filing indicates that LightInTheBox files annual reports under Form 20-F.
Filing Stats: 153 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2024-08-02 07:00:05
Key Financial Figures
- $0.6 Million — rns to Profitability with Net Income of $0.6 Million 2 SIGNATURE Pursuant to the requi
Filing Documents
- tm2420544d1_6k.htm (6-K) — 9KB
- tm2420544d1_ex99-1.htm (EX-99.1) — 108KB
- 0001104659-24-085097.txt ( ) — 118KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of August 2024 Commission File Number: 001-35942 LightInTheBox Holding Co., Ltd. 4 Pandan Crescent #03-03 Singapore (128475) (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F EXHIBIT INDEX Exhibit 99.1 – LightInTheBox Reports Second Quarter 2024 Financial Results - Returns to Profitability with Net Income of $0.6 Million 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. LIGHTINTHEBOX HOLDING CO., LTD. By: /s/ Jian He Name: Jian He Title: Chief Executive Officer Date: August 2, 2024 3