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|LightInTheBox Reports First Quarter 2018 Financial Results|
First Quarter 2018 Financial Results
Net revenues decreased 3.6% year-over-year to
Total orders of product sales were 1.3 million during the first quarter of 2018, compared with 1.6 million in the same quarter of 2017. Total number of product sales customers was 1.0 million, compared with 1.2 million in the same quarter of 2017.
Product sales in the apparel category were
Product sales from
Total cost of revenues was
Gross profit for the first quarter of 2018 was
Total operating expenses in the first quarter of 2018 were
Loss from operations was
Net loss was
Net loss per American Depository Share ("ADS") was
For the first quarter of 2018, the Company's weighted average number of ADSs used in computing the loss per ADS was 67,100,429.
Share Repurchase Program
New Revenue Standard
The application of ASC 606 had no material impact on the company's consolidated financial statements as of and for the three month ended
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Investor Relations Contact
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets" and similar statements. Among other things, statements that are not historical facts, including statements about