LightInTheBox Q4 Earnings: $0.45M Profit, $57.75M Revenue

LightInTheBox Holding Co. reported Q4 earnings of $0.45 million, compared to a loss of $4.27 million in the same period last year. Revenue for Q4 was $57.75 million, down from $135.56 million in the previous year. EPS improved to $0.02, compared to a loss of $0.23 in the same period last year.

LightInTheBox Holding Co. (LITB) reported a significant turnaround in its financial performance for the fourth quarter (Q4) and full year 2024. The company, which specializes in e-commerce retail, recorded a profit of $0.5 million in Q4, marking a notable improvement from a loss of $4.3 million in the same period last year [1]. This strategic shift towards margin preservation over market share was reflected in the company's financial results.

According to the earnings report, LITB's Q4 revenues declined by 57% year-over-year (YoY) to $58 million [1]. However, this decrease in revenue was not accompanied by a proportional decline in profitability. In contrast to the loss recorded in Q4 2023, LITB achieved a net income of $0.5 million in Q4 2024 [1]. This improvement in profitability was driven by a number of factors, including a focus on cost management and a strategic shift towards brand-focused apparel design.

One of the key drivers of LITB's improved profitability in Q4 was a reduction in operating expenses. The company achieved a 58% YoY decline in operating expenses, which totaled $156 million in Q4 2024 [2]. This reduction in expenses was achieved through a combination of cost management initiatives and a disciplined approach to marketing spend.

In addition to cost management, LITB's focus on brand-focused apparel design also contributed to its improved profitability in Q4. The company launched two new proprietary apparel brands, Ador and a golf apparel brand for female golfers 35+, in Q4 2024 [2]. This brand matrix strategy aims to cover different market segments while creating business synergies in design, marketing, and operations.

LITB's full-year financial results also reflected this strategic shift towards margin preservation. The company recorded revenues of $255 million in 2024, a 59% YoY decline from $582 million in 2023 [2]. However, the company narrowed its net loss to $2.5 million from $9.6 million in 2023, despite the significant decline in revenue [2]. This improvement in profitability was driven by the same factors that contributed to LITB's improved profitability in Q4, including cost management and a focus on brand-focused apparel design.

In conclusion, LightInTheBox Holding Co.'s Q4 and full-year 2024 financial results reveal a significant strategic pivot from market share growth to margin preservation. While the company's revenue declined by 57% YoY in Q4 and 59% YoY for the full year, the company successfully prioritized profitability, achieving a return to profitability in Q4 and narrowing its net loss for the full year. The launch of two proprietary apparel brands and a focus on cost management and brand-focused design represent a fundamental shift in LITB's business model.

[1] RTTNews. (2025, January 10). LightInTheBox Holding Co., Ltd. (LITB) Q4 Earnings Summary.
https://www.rttnews.com/3523986/lightinthebox-holding-co-ltd-q4-earnings-summary.aspx

[2] StockTitan. (2025, January 10). Light in the Box Reports Fourth Quarter and Full Year 2024 Financial Results.
https://www.stocktitan.net/news/LITB/light-in-the-box-reports-fourth-quarter-and-full-year-2024-financial-6h1uwiu6r63o.html