Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number 001-35942 Li ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q4 2023 Earnings Conference Call March 25, 2024 8:00 AM ET Company Participants Jenny Cai - Investor Relations Jian He - Chairman & Chief Executive Officer Yuanjun Ye - Chief Financial Officer Operator Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer sessio ...

Exhibit 99.1 LightInTheBox Announces (1) Fourth Quarter and Full Year 2023 Financial Results and (2) Receipt of Non-compliance Letter from NYSE Regarding ADS Trading Price Singapore, March 25, 2024 - LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel ecommerce retailer that ships products to consumers worldwide, today announced (1) its unaudited and unreviewed financial results for the fourth quarter and full year ended December 31, 2023; and (2) that it has received ...

- Earnings Call Scheduled for 8:00 a.m. ET on March 25, 2024 - SINGAPORE, March 18, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before the open of U.S. markets on Monday, March 25, 2024. LightInTheBox's management will hold an earnings conference ca ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q3 2023 Earnings Call Transcript November 28, 2023 8:00 AM ET Company Participants Jenny Cai - IR Jian He - Chairman & CEO Yuan Jun Ye - CFO Operator Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox’ Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks, there will be question-and-answer session. Today's conference call is being recorded. I would now turn the ...

[Q3 2023 Earnings Release Overview](index=1&type=section&id=Q3%202023%20Earnings%20Release%20Overview) This section provides an executive summary of the company's third-quarter performance, including management's strategic commentary and key financial highlights [Management Commentary](index=1&type=section&id=Management%20Commentary) Management emphasizes successful strategy execution, leading to Q3 revenue growth and profitability, with a focus on operational efficiency and profitable growth - The company's core strategy focuses on improving efficiency and profitability amidst an evolving macro environment[3](index=3&type=chunk) - The company achieved a positive bottom line in Q3, driven by improved operating leverage and prudent cost management[3](index=3&type=chunk) - Future priorities include enhancing operational efficiency and pursuing profitable growth to create sustainable, long-term value[4](index=4&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Q3 2023 saw total revenues increase 27.5% to $154.3 million and a return to net income, while nine-month revenues grew 42.3% to $493.9 million with a narrowed net loss Q3 & First Nine Months 2023 Financial Highlights | In millions, except percentages | Three Months Ended Sep 30, 2022 | Three Months Ended Sep 30, 2023 | YoY % Change | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | YoY % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Total revenues** | $121.0 | $154.3 | 27.5% | $347.2 | $493.9 | 42.3% | | - Apparel sales | $99.6 | $127.3 | 27.8% | $275.6 | $409.7 | 48.7% | | Apparel sales/total revenues | 82.3% | 82.5% | 0.2ppts | 79.4% | 83.0% | 3.6ppts | | Gross margin | 57.9% | 59.5% | 1.6ppts | 54.9% | 57.6% | 2.7ppts | | Net (loss) / income | $(0.4) | $0.1 | - | $(8.3) | $(5.3) | - | | Adjusted EBITDA | $0.4 | $0.8 | - | $(5.7) | $(3.0) | - | - Cash, cash equivalents, and restricted cash increased to **$80.0 million** as of September 30, 2023, from **$57.0 million** a year prior[1](index=1&type=chunk)[8](index=8&type=chunk) [Detailed Financial Performance](index=1&type=section&id=Detailed%20Financial%20Performance) This section provides an in-depth analysis of the company's financial results for the third quarter and the first nine months of 2023 [Third Quarter 2023 Financial Results](index=1&type=section&id=Third%20Quarter%202023%20Financial%20Results) Q3 2023 revenues grew 27.5% to $154.3 million, with improved gross margin and a turnaround to net income of $0.1 million from a prior-year loss - Total revenues grew **27.5% YoY** to **$154.3 million**, with apparel sales increasing **27.8%** to **$127.3 million**, representing **82.5%** of total revenues[5](index=5&type=chunk) - Gross profit increased to **$91.9 million** with a gross margin of **59.5%**, compared to **$70.0 million** and **57.9%** margin in Q3 2022[5](index=5&type=chunk) - Operating expenses increased to **$91.8 million**, with selling and marketing expenses rising to **$73.8 million** (**47.8% of revenue**) from **$53.1 million** (**43.9% of revenue**) in Q3 2022[5](index=5&type=chunk)[6](index=6&type=chunk) - The company reported a net income of **$0.1 million** (or **$0.00 per ADS**), compared to a net loss of **$0.4 million** (or **$0.00 per ADS**) in Q3 2022[7](index=7&type=chunk)[8](index=8&type=chunk) [First Nine Months 2023 Financial Results](index=2&type=section&id=First%20Nine%20Months%202023%20Financial%20Results) For the first nine months of 2023, revenues increased 42.3% to $493.9 million, with gross margin expansion and a significant reduction in net loss - Total revenues for the first nine months increased **42.3% YoY** to **$493.9 million**, with apparel sales representing **83.0%** of the total[9](index=9&type=chunk) - Gross profit for the nine-month period was **$284.5 million** with a margin of **57.6%**, up from **$190.7 million** and **54.9%** margin in the prior year period[9](index=9&type=chunk) - Operating loss narrowed to **$5.5 million** from **$9.3 million** in the same period of 2022[11](index=11&type=chunk) - Net loss was reduced to **$5.3 million** (**$0.05 per ADS**) from **$8.3 million** (**$0.07 per ADS**) in the first nine months of 2022[12](index=12&type=chunk) - Adjusted EBITDA was negative **$3.0 million**, an improvement from negative **$5.7 million** in the same period of 2022[12](index=12&type=chunk) [Corporate Updates and Future Outlook](index=3&type=section&id=Corporate%20Updates%20and%20Future%20Outlook) This section covers recent corporate actions, including share repurchases, and provides the company's financial projections for the upcoming quarter [Share Repurchase Program](index=3&type=section&id=Share%20Repurchase%20Program) The company authorized a $10 million share repurchase program, having bought back 1.35 million ADSs for approximately $1.8 million as of November 24, 2023 - A share repurchase program was authorized on June 27, 2023, allowing the company to buy back up to **$10 million** of its ADSs by December 31, 2023[13](index=13&type=chunk) - As of November 24, 2023, the company has repurchased **1.35 million ADSs** for a total of approximately **$1.8 million**[13](index=13&type=chunk) [Business Outlook](index=3&type=section&id=Business%20Outlook) LightInTheBox projects Q4 2023 net revenues to be between $130 million and $145 million, reflecting current information and business seasonality - The company expects net revenues for Q4 2023 to be in the range of **$130 million to $145 million**[14](index=14&type=chunk) [Financial Statements and Supplementary Data](index=3&type=section&id=Financial%20Statements%20and%20Supplementary%20Data) This section presents the unaudited condensed consolidated financial statements and provides a reconciliation of non-GAAP financial measures [Unaudited Condensed Consolidated Balance Sheets](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2023, total assets were $144.8 million, with a total equity deficit of $4.3 million, a decline from positive equity at year-end 2022 Consolidated Balance Sheet Highlights (in thousands) | | Dec 31, 2022 | Sep 30, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $115,975 | $102,576 | | Cash and cash equivalents | $88,575 | $75,474 | | Inventories | $14,260 | $7,349 | | **TOTAL ASSETS** | **$164,813** | **$144,797** | | **Total Current Liabilities** | $154,109 | $146,064 | | **TOTAL LIABILITIES** | **$160,937** | **$149,086** | | **TOTAL EQUITY / (DEFICIT)** | **$3,876** | **$(4,289)** | [Unaudited Condensed Consolidated Statements of Operations](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) The statements of operations show a Q3 2023 net income of $89 thousand and a narrowed nine-month net loss of $5.3 million, reflecting improved financial performance Consolidated Statements of Operations Highlights (in thousands) | | Three Months Ended Sep 30, 2022 | Three Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total revenues** | $121,027 | $154,324 | $347,150 | $493,872 | | **Gross profit** | $70,020 | $91,855 | $190,692 | $284,547 | | **(Loss) / income from operations** | $(472) | $16 | $(9,330) | $(5,540) | | **Net (loss) / income** | $(408) | $89 | $(8,316) | $(5,324) | | **Net (loss) / income per ADS — Basic** | $(0.00) | $0.00 | $(0.07) | $(0.05) | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) The company uses Adjusted EBITDA as a non-GAAP measure to provide a clearer view of operational performance, with a full reconciliation from GAAP results provided [Explanation of Non-GAAP Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Measures) Adjusted EBITDA is defined as net income/loss before specific non-cash and non-operating items, used by management to assess performance despite its inherent limitations - Adjusted EBITDA is a non-GAAP measure used by management to review and assess operating performance[15](index=15&type=chunk) - This measure excludes share-based compensation, depreciation and amortization, interest income, interest expenses, and income tax expense[15](index=15&type=chunk) - The company cautions that the non-GAAP measure has limitations and may not be comparable to similar measures used by other companies[17](index=17&type=chunk) [Reconciliation of GAAP to Non-GAAP Results](index=8&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Results) Q3 2023 GAAP net income of $89 thousand reconciled to Adjusted EBITDA of $801 thousand, while the nine-month net loss improved to negative $3.0 million Adjusted EBITDA Reconciliation of GAAP Net (Loss)/Income to Non-GAAP Adjusted EBITDA (in thousands) | | Three Months Ended Sep 30, 2022 | Three Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Net (loss) / income** | $(408) | $89 | $(8,316) | $(5,324) | | *Add back: Interest, Tax, D&A, etc.* | | | | | | **Adjusted EBITDA** | $436 | $801 | $(5,697) | $(2,997) | [General Information](index=4&type=section&id=General%20Information) This section provides background information about LightInTheBox, details on the earnings conference call, and a disclaimer regarding forward-looking statements [About LightInTheBox](index=4&type=section&id=About%20LightInTheBox) LightInTheBox is a global e-commerce apparel retailer targeting middle-aged and senior customers, operating worldwide through various online platforms - LightInTheBox is an apparel e-commerce retailer shipping products to consumers globally[20](index=20&type=chunk) - The company's target demographic is middle-aged and senior customers[20](index=20&type=chunk) - Operations are conducted through websites like www.lightinthebox.com and mobile applications, available in over 20 languages and 140 countries[20](index=20&type=chunk) [Conference Call Information](index=4&type=section&id=Conference%20Call%20Information) An earnings conference call was held on November 28, 2023, with replay and webcast details provided for investor access - An earnings conference call was held on November 28, 2023, at **8:00 a.m. Eastern Time**[18](index=18&type=chunk) - A live and archived webcast is available on the company's Investor Relations website[19](index=19&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This announcement includes forward-looking statements subject to inherent risks and uncertainties, with no obligation to update them except as legally required - The report includes forward-looking statements regarding the company's beliefs, expectations, business outlook, and strategic plans[23](index=23&type=chunk) - These statements are subject to risks and uncertainties, and actual results may differ materially from those projected[24](index=24&type=chunk)

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q2 2023 Earnings Conference Call September 15, 2023 8:00 AM ET Company Participants Jenny Cai - IR, Piacente Financial Communications Jian He - Chairman and CEO Yuan Jun Ye - CFO Operator Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After managements prepared remarks, there will be a question-and-answer session. Today's conference cal ...

Exhibit 99.1 LightInTheBox Reports Second Quarter 2023 Financial Results Singapore, September 15, 2023 - LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter and First Half 2023 Financial Highlights | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------- ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q1 2023 Earnings Conference Call May 26, 2023 8:00 AM ET Company Participants Jenny Cai - IR, Piacente Financial Communications Jian He - CEO & Director Yuan Jun Ye - CFO Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After managements prepared remarks, there will be a question-and-answer session. ...

Exhibit 99.1 LightInTheBox Reports First Quarter 2023 Financial Results Singapore, May 26, 2023 - LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel ecommerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------|-------|------------------- ...