LightInTheBox Holding Co., Ltd. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, the company reported a net income of $0.452 million, a significant improvement from a net loss of $4.266 million in the same period of 2023.
Full-year 2024 results showed a net loss of $2.489 million, an improvement from the $9.590 million net loss in full-year 2023. Total revenues for Q4 2024 were $57.750 million, and for the full year, they were $255.287 million. Adjusted EBITDA for Q4 2024 was $0.964 million, a positive shift from -$3.307 million in Q4 2023.
CEO Jian He highlighted 2024 as a year of transformation, prioritizing profitability and transitioning into brand-focused apparel design with the launch of new brands. The company has adopted a brand matrix strategy, launching Ador for women aged 35-55 and a golf apparel brand for female golfers aged 35 and above, with plans to potentially launch another new apparel brand in 2025.
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