LightInTheBox Holding (LITB) 10 Dec 242024 Q3 Earnings call transcript

Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. I will now turn the call over to your host, Ms. Jenny Cai. Jenny. ahead, go Please

on Hello, Conference welcome results Call. services are via operator. irador.com. website Quarter were LightInTheBox XXXX Newswire available and today Earnings The earlier company's everyone, you, IR to at and Third released the Thank company's earnings

Ye, from Officer. Jun Ms. Mr. the provide overview and the He Ms. call Jian company's CEO; Liu, go over will results. of recent who by today will Ye, LightInTheBox On Ms. developments, strategies Mr. Wenyu are He, financial Yuan CFO, Growth followed and Chief an its

our to remarks, Following prepared we'll open call questions. the

the press unaudited call measures The the also unaudited non-GAAP company's not Please refer that measures to earnings any earnings obligation unaudited applicable this we to are and Before statements, the harbor forward-looking provisions that to uncertainties of to financial subject as company XXXX. of any Litigation discussion safe statements U.S. the non-GAAP may to GAAP GAAP of required note the Private a contains statements, press Securities filed risks and Form proceed, contain and as note cause results please Commission. of could well financial measures. reconciliation Reform that the statements differ made from the forward-looking forward-looking with the To under assume from update law. Please measures. except Act refer cause LightInTheBox today's does forward-looking include company's please These may to release, expectations. actual unaudited as Exchange discussions XX-F those materially conference company's release understand current that Securities in factors under differ to materially results the which

ahead. over to Please turn CEO, the I'd LightInTheBox He. to like Now call Mr. go

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consumers. resonates base. represent further a with of our to the men's Ador ecosystem [indiscernible] clothing the broaden brand apparel to is new our customer women's expansions These around addition building style In with clothing, expanding into and a niche that golf company markets women's to quality line consists commitment

processing, of is In fashion, refining e-commerce team's years of supply a and offer shipping been developed companies. another our management, leveraging processes experience includes This capabilities summary, transformative our a undergoing services through represent growth payment pillar have delivery of Beyond journey. fulfillment, advertising, its to LightInTheBox of chain expertise extensive comprehensive and LightInTheBox order suite to is and also solutions. These business.

With now our Yuan Jun but the with also call active, hand stronger, well legend This heart over site go but that, brands Ador for customers, aligns profitability. the growth to through us not e-commerce Our host e-commerce will will of services. future our closely paves more remain our way financial shift results. the our sustainable in only and as lies to as I our

and Thank you, Good He. morning Mr. good everyone. evening,

decreased in $XX down revenue, to year-over-year to reflecting Breaking due our million, delve industry. operating presented total competition and the year-over-year streamlined complemented chain our $XX otherwise our please total year. In that lines, in and XXXX, those third higher them down primarily U.S. into all Ador.com, revenues Before expenses million logistics our note are fulfillment operating e-commerce $XX decline Despite due $X dollars. XX% expenses of to by intense quarter from the decreased was global by in in the for the decrease stated, unless product last million, decline, we attributable to Notably, this the processes. Selling which by by our particularly This financials, figures XX% to received enhancement million year-over-year the margins customers. We this achieved declined effective last year. XX% operational million offer by enhancements. period year our the marketing positive XX% from margin This gross profit with expenses well to supply gross was to a $XX been period the reduction quarter to of XX% year-over-year, compared expenses, in our largely same quarter is in same million mainly million. new impact same efficiency XX% and year. improved our have -- last $XX $XX in this bringing

year-over-year administrative quarter advertising last Within million. demonstrate research $X engagement. G&A and the the lines and Importantly, on million expenses and same our investment to $X were marketing XX% customer and selling year. $X higher return efficiency expenses, for compared with General as million new by decreased development our increased product in expenses expenses

strategically We view we efforts. to in as R&D efficiency our operational continue invest artificial product intelligence central and as these differentiation areas and to

As net of million these maintained income of in measures, a recording the profitability we quarter, last to $X.X third $X.X quarter year. the a compared result in same million

XXXX. EBITDA $X.X the million, was adjusted Our consistent of third quarter with

our on Looking ahead, new service high-quality including development we new focus offering will brand growth improvement development companies. We profitability remarks. for our dedicated to and This pursuing concludes our delivering and operations our with and strong continue remain initiatives, e-commerce to efficiency and to prioritize a of the shareholders. comprehensive value

now your to open are questions. We

are now As to the company there Instructions] I'd remarks. [Operator to back turn over no closing questions, like the call for

you once joining again today. Thank for us

feel to contact the information please Relations provided questions, further have a contact you great LightInTheBox our website on day. Have through Communications. free Investor Financial or If Piacente