LightInTheBox: Brightening up on narrower loss from ops

LightInthebox Holding

29/03/2019 17:22

** E-commerce co's shares  LITB.N  up 9.4 pct after
reporting narrower loss from operations in Q4
    ** Loss from ops shrank to $1.7 mln from $3.6 mln yr-ago
    ** Co said it generated positive cash flow; cash and cash
equivalents as of Dec. 31, 2018 stood at $38.8 mln vs $37.5 mln
as of Sept. 30, 2018  urn:newsml:reuters.com:*:nPnLS1nra
    ** Gross margins expanded to 34.6 pct from 29.7 pct yr-ago
    ** Rev in qtr fell ~37.2 pct to $57.5 mln; net loss widened
to $24.4 mln vs $3.5 mln in yr-ago qtr due to change in fair
value of convertible promissory note related to ezbuy deal
    ** Up to Thursday's close, stock was about flat YTD

 (Reporting by Shariq Khan in Bengaluru)
 ((RM: shariq.khan.thomsonreuters.com@reuters.net))