2023-09-15 06:29:50 ET
- LightInTheBox press release ( NYSE: LITB ): Q2 GAAP EPADS of -$0.01.
- Revenue of $191.8M (+44.9% Y/Y).
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Adjusted EBITDA was negative $0.7 million in the second quarter of 2023, compared with negative $1.5 million in the same quarter of 2022.
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As of June 30, 2023, the company had cash and cash equivalents and restricted cash of $94.6 million, compared with $65.7 million as of June 30, 2022.
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Business Outlook: For the third quarter of 2023, based on current information available to the Company and business seasonality, the Company expects net revenues to be between $145 million and $160 million.
For further details see:
LightInTheBox GAAP EPADS of -$0.01, revenue of $191.8M; initiates Q3 guidance