LightInTheBox Holding Co., Ltd. announced its unaudited financial results for the first quarter ended March 31, 2025, reporting a net income of $0.114 million. This marks the company's fourth consecutive quarter of profitability, a significant improvement from a $3.830 million net loss in Q1 2024.
The company achieved an impressive gross margin of 65.2% in Q1 2025, up from 58.2% in the prior year, driven by a favorable brand mix emphasizing higher-margin proprietary products. Total revenues for the quarter were $47.018 million, with Adjusted EBITDA reaching $0.642 million, a substantial increase from -$3.050 million in Q1 2024.
LightInTheBox also announced the appointment of Mr. Suhai Ji as Chief Financial Officer, effective May 12, 2025, succeeding Ms. Yuanjun Ye. Mr. Ji brings extensive experience, having served as CFO at several private and publicly listed companies, including EDDA Healthcare and Technology Holding Limited, Zhaogang.com, CDP Group, Guanghua Education Group, and Tarena International.
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