LightInTheBox GAAP EPADS of -$0.04, revenue of $135.6M; initiates Q1 outlook

• LightInTheBox press release (NYSE:LITB): Q4 GAAP EPADS of -$0.04.
• Revenue of $135.6M (-13.3% Y/Y).

• Adjusted EBITDA was a loss of $3.3 million in the fourth quarter of 2023, compared with $3.8 million in the same quarter of 2022.

• As of December 31, 2023, the company had cash and cash equivalents and restricted cash of $71.7 million, compared with $94.6 million as of December 31, 2022.

• Outlook: For the first quarter of 2024, based on current information available to the company and business seasonality, the company expects net revenues to be between $70 million and $80 million.

More on LightInTheBox

• Financial information for LightInTheBox