LightInTheBox Reports Second Quarter 2025 Financial Results
1. LITB reports a 15% revenue decrease but boasts improved gross margins. 2. Net income rose to $2 million, a record profit since Q2 2024. 3. The company pivots to design-driven, high-margin direct-to-consumer apparel. 4. Operational efficiency efforts led to a significant drop in operating expenses. 5. Management expects revenue growth to return by early 2026 as customer loyalty increases.