LightInTheBox rises on higher Q4 revenue

LightInthebox Holding

20/03/2023 16:33

** Shares of online retailer LightInTheBox Holding Co Ltd
 LITB.N  rise 13.8% to $1.36
    ** LITB reports Q4 total revenue of $156.4 mln vs $113.2 mln
in Q4 2021  urn:newsml:reuters.com:*:nPn52dvJXa
    ** Q4 gross margin was 53.9% vs 47.2% last year due to
higher apparel sales margins 
    ** Co expects net revenue between $135 mln and $145 mln in
Q1 2023
    ** Shares up ~11% so far this year; rose ~22% in 2022

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))