[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. ...

[Company Overview](index=1&type=section&id=Company%20Overview) LightInTheBox, a global apparel e-commerce retailer, announced Q1 2023 financial results, serving middle-aged and senior customers worldwide [Introduction](index=1&type=section&id=Introduction) LightInTheBox Holding Co., Ltd. (NYSE: LITB), an apparel e-commerce retailer, announced its unaudited financial results for the first quarter ended March 31, 2023, reporting significant growth - LightInTheBox Holding Co., Ltd. (NYSE: LITB) is an apparel e-commerce retailer that ships products to consumers worldwide[1](index=1&type=chunk) - The company announced its unaudited financial results for the first quarter ended March 31, 2023[1](index=1&type=chunk) [About LightInTheBox](index=4&type=section&id=About%20LightInTheBox) LightInTheBox is a global apparel e-commerce retailer focusing on middle-aged and senior customers, leveraging its global supply chain, R&D, and design capabilities to offer a wide selection of comfortable and aesthetically pleasing apparel. It operates through various websites and mobile applications in over 140 countries and is headquartered in Singapore - LightInTheBox is an apparel e-commerce retailer serving middle-aged and senior customers globally[15](index=15&type=chunk) - The company utilizes its global supply chain, logistics networks, and in-house R&D and design capabilities[15](index=15&type=chunk) - Operations span over 20 major languages and 140 countries/regions through websites like www.lightinthebox.com, www.miniinthebox.com, www.ezbuy.sg, and mobile applications[15](index=15&type=chunk) [First Quarter 2023 Financial Highlights](index=1&type=section&id=First%20Quarter%202023%20Financial%20Highlights) LightInTheBox reported its strongest first quarter in history, with total revenues increasing 57.6% to $147.8 million, driven by apparel sales and improved gross margin, while the CEO emphasized value offerings and AI-powered strategies [Key Financial Metrics](index=1&type=section&id=Key%20Financial%20Metrics) LightInTheBox achieved its strongest first quarter in company history, with total revenues growing 57.6% year-over-year to $147.8 million, primarily driven by a 77.3% increase in apparel sales. Gross margin significantly improved to 55.8%, and the company maintained a strong cash position of $73.6 million First Quarter 2023 Financial Highlights | Metric (in millions, except percentages) | Q1 2022 | Q1 2023 | Year-over-Year % Change | | :--------------------------------------- | :------ | :------ | :---------------------- | | Total revenues | $93.8 | $147.8 | 57.6% | | Apparel sales | $67.2 | $119.2 | 77.3% | | Apparel sales/total revenues | 71.7% | 80.7% | 9.0% (increase) | | Gross margin | 50.7% | 55.8% | 5.1% (increase) | | Net loss | $(5.5) | $(4.0) | | | Adjusted EBITDA | $(4.6) | $(3.1) | | | Cash, cash equivalents and restricted cash (as of March 31) | $42.8 | $73.6 | | [CEO Commentary & Strategic Focus](index=1&type=section&id=CEO%20Commentary%20%26%20Strategic%20Focus) The CEO highlighted Q1 2023 as the strongest first quarter ever, attributing improved performance to robust value-for-money offerings, quality customer cohorts, and AI-powered technologies. The company plans to deepen its commitment to customer lifestyle by offering convenient access to a wide selection of products at attractive prices - Q1 2023 was the strongest first quarter in the Company's history, with revenues exceeding guidance[2](index=2&type=chunk) - Improved financial performance is built on robust value-for-money offerings, quality customer cohorts, and innovative AI-powered technologies[2](index=2&type=chunk) - The company will deepen its commitment to creating a better lifestyle for customers by offering convenient and modern ways to access a wide selection of products at attractive prices, emphasizing product value and increased efficiency[2](index=2&type=chunk) [First Quarter 2023 Detailed Financial Results](index=1&type=section&id=First%20Quarter%202023%20Detailed%20Financial%20Results) This section details LightInTheBox's Q1 2023 financial performance, including significant revenue growth, improved gross profit, analysis of operating expenses, enhanced profitability, and a stronger cash position [Revenues](index=1&type=section&id=Revenues) Total revenues increased by 57.6% year-over-year to $147.8 million, with apparel sales being the primary driver, growing 77.3% and representing 80.7% of total revenues Total Revenues Breakdown | Revenue Type (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------------- | :------ | :------ | :--------- | :----------- | | Product sales | $91,343 | $144,601| $53,258 | 58.3% | | Services and others | $2,425 | $3,180 | $755 | 31.1% | | **Total revenues** | **$93,768**| **$147,781**| **$54,013**| **57.6%** | - Apparel sales increased by **77.3% to $119.2 million** in Q1 2023, up from $67.2 million in Q1 2022[3](index=3&type=chunk) - Revenues from apparel constituted **80.7% of total revenues** in Q1 2023, an increase from 71.7% in Q1 2022[3](index=3&type=chunk) [Cost of Revenues & Gross Profit](index=2&type=section&id=Cost%20of%20Revenues%20%26%20Gross%20Profit) Gross profit surged by 73.6% to $82.5 million, and gross margin improved by 5.1 percentage points to 55.8%, primarily due to the increased proportion of higher-margin apparel sales Cost of Revenues and Gross Profit | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------- | :------ | :------ | :--------- | :----------- | | Total cost of revenues| $46,254 | $65,279 | $19,025 | 41.1% | | Gross profit | $47,514 | $82,502 | $34,988 | 73.6% | | Gross margin | 50.7% | 55.8% | 5.1% (increase) | | - The increase in gross margin was a result of the higher percentage of sales represented by apparel, which typically has higher margins[4](index=4&type=chunk) [Operating Expenses](index=2&type=section&id=Operating%20Expenses) Total operating expenses increased to $86.5 million. While selling and marketing expenses grew significantly, fulfillment and G&A expenses decreased as a percentage of total revenues Total Operating Expenses | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------- | :------ | :------ | :--------- | :----------- | | Total operating expenses | $53,896 | $86,460 | $32,564 | 60.4% | [Fulfillment Expenses](index=2&type=section&id=Fulfillment%20Expenses) Fulfillment Expenses | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------- | :------ | :------ | :--------- | :----------- | | Fulfillment expenses | $6,864 | $8,636 | $1,772 | 25.8% | | As % of total revenues | 7.3% | 5.8% | -1.5% (decrease) | | [Selling and Marketing Expenses](index=2&type=section&id=Selling%20and%20Marketing%20Expenses) Selling and Marketing Expenses | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------- | :------ | :------ | :--------- | :----------- | | Selling and marketing expenses | $39,032 | $69,112 | $30,080 | 77.1% | | As % of total revenues | 41.6% | 46.8% | 5.2% (increase) | | [General and Administrative Expenses](index=2&type=section&id=General%20and%20Administrative%20Expenses) General and Administrative Expenses | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | YoY % Change | | :-------------------- | :------ | :------ | :--------- | :----------- | | G&A expenses | $8,066 | $9,057 | $991 | 12.3% | | As % of total revenues | 8.6% | 6.1% | -2.5% (decrease) | | | R&D expenses (part of G&A) | $4,600 | $5,200 | $600 | 13.0% | [Profitability](index=2&type=section&id=Profitability) The company significantly reduced its operating loss and net loss year-over-year, with net loss per ADS improving from $0.05 to $0.03. Adjusted EBITDA also showed an improvement, reducing its negative value Profitability Metrics | Metric (in thousands) | Q1 2022 | Q1 2023 | YoY Change | | :-------------------- | :------ | :------ | :--------- | | Loss from operations | $(6,382)| $(3,958)| $2,424 (improvement) | | Net loss | $(5,512)| $(3,956)| $1,556 (improvement) | | Net loss per ADS (Basic & Diluted) | $(0.05) | $(0.03) | $0.02 (improvement) | - Adjusted EBITDA improved from **negative $4.6 million** in Q1 2022 to **negative $3.1 million** in Q1 2023[6](index=6&type=chunk) [Cash and Cash Equivalents](index=2&type=section&id=Cash%20and%20Cash%20Equivalents) LightInTheBox significantly increased its cash, cash equivalents, and restricted cash position to $73.6 million as of March 31, 2023, up from $42.8 million in the prior year Cash and Cash Equivalents | Metric (in thousands) | As of March 31, 2022 | As of March 31, 2023 | YoY Change | | :-------------------- | :------------------- | :------------------- | :--------- | | Cash, cash equivalents and restricted cash | $42,800 | $73,600 | $30,800 (increase) | [Business Outlook](index=3&type=section&id=Business%20Outlook) LightInTheBox projects Q2 2023 net revenues to be between $180 million and $200 million, reflecting current business trends and seasonality [Q2 2023 Revenue Guidance](index=3&type=section&id=Q2%202023%20Revenue%20Guidance) For the second quarter of 2023, LightInTheBox expects net revenues to range between $180 million and $200 million, based on current information and business seasonality Q2 2023 Revenue Guidance | Metric | Q2 2023 Guidance | | :----- | :--------------- | | Net revenues | $180 million - $200 million | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) This section defines Adjusted EBITDA as a non-GAAP measure for evaluating operating performance and provides a detailed reconciliation of GAAP net loss to Adjusted EBITDA [Adjusted EBITDA Definition and Purpose](index=3&type=section&id=Adjusted%20EBITDA%20Definition%20and%20Purpose) LightInTheBox utilizes Adjusted EBITDA as a non-GAAP measure to evaluate operating performance and identify underlying business trends, excluding specific non-operating and non-cash items. While useful for management, it is not a substitute for GAAP and may have limitations in comparability - Adjusted EBITDA is a non-GAAP measure used to review and assess operating performance and identify underlying business trends[9](index=9&type=chunk)[10](index=10&type=chunk) - It excludes share-based compensation expenses, depreciation and amortization expenses, impairment loss on investment, interest income, interest expenses, and income tax expense[9](index=9&type=chunk)[25](index=25&type=chunk) - Non-GAAP measures have limitations as analytical tools, are not defined under U.S. GAAP, and may not be comparable to those of other companies[11](index=11&type=chunk) [Reconciliation of GAAP and Non-GAAP Results](index=8&type=section&id=Reconciliation%20of%20GAAP%20and%20Non-GAAP%20Results) This section provides a reconciliation of GAAP net loss to Adjusted EBITDA, detailing the adjustments made for interest income/expense, income tax, depreciation, amortization, and share-based compensation Unaudited Reconciliations of GAAP and Non-GAAP Results (in thousands) | Metric (in thousands) | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2023 | | :-------------------- | :-------------------------------- | :-------------------------------- | | Net loss | $(5,512) | $(3,956) | | Less: Interest income | 10 | 30 | | Interest expense | (2) | (1) | | Income tax expense | - | (48) | | Depreciation and amortization | (858) | (829) | | **EBITDA** | **$(4,662)** | **$(3,108)** | | Less: Share-based compensation | (36) | (5) | | **Adjusted EBITDA*** | **$(4,626)** | **$(3,103)** | [Conference Call Information](index=3&type=section&id=Conference%20Call%20Information) Details for LightInTheBox's Q1 2023 earnings conference call, including access information and webcast availability, are provided [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) LightInTheBox hosted an earnings conference call on May 26, 2023, providing preregistration details, dial-in numbers for various regions, replay access, and a live/archived webcast on its investor relations website - The Company's management held an earnings conference call on May 26, 2023, at 8:00 a.m. Eastern Time[13](index=13&type=chunk) - Participants could preregister online to receive dial-in numbers, an event passcode, and a unique registrant ID for various regions (US/Canada, Singapore, Hong Kong)[14](index=14&type=chunk) - A telephone replay was available until June 2, 2023, and a live and archived webcast was accessible on the Company's investor relations website[14](index=14&type=chunk) [Additional Information](index=4&type=section&id=Additional%20Information) This section provides investor relations contact details and important disclosures regarding forward-looking statements and associated risks [Investor Relations Contact](index=4&type=section&id=Investor%20Relations%20Contact) Contact information for LightInTheBox's Investor Relations department and Piacente Financial Communications is provided for investor inquiries - Investor Relations contact information is provided for LightInTheBox Holding Co., Ltd. (ir@lightinthebox.com) and Piacente Financial Communications (Jenny Cai, Brandi Piacente)[16](index=16&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This announcement contains forward-looking statements made under the 'safe harbor' provisions, which involve inherent risks and uncertainties that could cause actual results to differ materially. The company does not undertake to update these statements unless required by law - The announcement contains forward-looking statements made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995[17](index=17&type=chunk) - These statements involve inherent risks and uncertainties, and actual results could differ materially due to various factors including business development, market growth, customer attraction, supply chain efficiency, competition, and economic conditions[18](index=18&type=chunk) - LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law[19](index=19&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) This section presents the unaudited condensed consolidated balance sheets and statements of operations for LightInTheBox for Q1 2022 and Q1 2023 [Unaudited Condensed Consolidated Balance Sheets](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) This section presents the unaudited condensed consolidated balance sheets for LightInTheBox as of March 31, 2022, and March 31, 2023, detailing assets, liabilities, and equity Unaudited Condensed Consolidated Balance Sheets (in thousands) | ASSETS (as of March 31) | 2022 | 2023 | | :---------------------- | :-------- | :-------- | | **Current Assets** | | | | Cash and cash equivalents | 88,575 | 68,252 | | Restricted cash | 5,993 | 5,311 | | Accounts receivable, net | 695 | 370 | | Inventories | 14,260 | 10,972 | | Prepaid expenses and other current assets | 6,452 | 9,662 | | **Total current assets**| **115,975**| **94,567**| | Property and equipment, net | 2,946 | 2,918 | | Intangible assets, net | 5,630 | 5,131 | | Goodwill | 28,177 | 28,296 | | Operating lease right-of-use assets | 10,874 | 10,234 | | Long-term rental deposits | 1,211 | 1,299 | | **TOTAL ASSETS** | **164,813**| **142,445**| | **LIABILITIES AND EQUITY**| | | | **Current Liabilities** | | | | Accounts payable | 26,518 | 18,258 | | Advance from customers | 32,241 | 31,425 | | Operating lease liabilities | 4,993 | 5,280 | | Accrued expenses and other current liabilities | 90,357 | 81,455 | | **Total current liabilities**| **154,109**| **136,418**| | Operating lease liabilities | 6,576 | 5,617 | | Long-term payable | 34 | 22 | | Deferred tax liabilities | 111 | 153 | | Unrecognized tax benefits | 107 | 107 | | **TOTAL LIABILITIES** | **160,937**| **142,317**| | **EQUITY** | | | | Ordinary shares | 17 | 17 | | Additional paid-in capital | 282,722 | 282,727 | | Treasury shares | (28,615) | (28,425) | | Accumulated other comprehensive loss | (1,024) | (866) | | Accumulated deficit | (249,224) | (253,325) | | **TOTAL EQUITY** | **3,876** | **128** | | **TOTAL LIABILITIES AND EQUITY**| **164,813**| **142,445**| [Unaudited Condensed Consolidated Statements of Operations](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) This section provides the unaudited condensed consolidated statements of operations for the three months ended March 31, 2022, and March 31, 2023, covering revenues, costs, expenses, and net loss Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2023 | | :----------------------------------------------------------------------------------- | :-------------------------------- | :-------------------------------- | | **Revenues** | | | | Product sales | 91,343 | 144,601 | | Services and others | 2,425 | 3,180 | | **Total revenues** | **93,768** | **147,781** | | **Cost of revenues** | | | | Product sales | (45,070) | (64,176) | | Services and others | (1,184) | (1,103) | | **Total Cost of revenues** | **(46,254)** | **(65,279)** | | **Gross profit** | **47,514** | **82,502** | | **Operating expenses** | | | | Fulfillment | (6,864) | (8,636) | | Selling and marketing | (39,032) | (69,112) | | General and administrative | (8,066) | (9,057) | | Other operating income | 66 | 345 | | **Total operating expenses** | **(53,896)** | **(86,460)** | | **Loss from operations** | **(6,382)** | **(3,958)** | | Interest income | 10 | 30 | | Interest expense | (2) | (1) | | Other income, net | 862 | 21 | | **Total other income** | **870** | **50** | | **Loss before income taxes** | **(5,512)** | **(3,908)** | | Income tax expense | - | (48) | | **Net loss** | **(5,512)** | **(3,956)** | | Net loss attributable to LightInTheBox Holding Co., Ltd. | (5,512) | (3,956) | | Weighted average numbers of shares used in calculating loss per ordinary share —Basic | 226,107,269 | 226,660,302 | | —Diluted | 226,107,269 | 226,660,302 | | Net loss per ordinary share —Basic | (0.02) | (0.02) | | —Diluted | (0.02) | (0.02) | | Net loss per ADS (2 ordinary shares equal to 1 ADS) —Basic | (0.05) | (0.03) | | —Diluted | (0.05) | (0.03) |

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 SECURITIE ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q4 2022 Earnings Conference Call March 20, 2023 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Jian He - CEO and Director Yuan Jun Ye - CFO Conference Call Participants Operator Good morning, everyone and welcome to the Fourth Quarter 2022 Earnings Conference Call for LightInTheBox Holding Company Limited. Today's conference is being recorded. At this time, I would like to turn the call over to Mr. Rene Vanguestaine for [opening remarks] (p ...

Exhibit 99.1 LightInTheBox Reports Fourth Quarter and Full Year 2022 Financial Results Singapore, March 20, 2023 - LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a cross-border e-commerce platform that delivers products directly to consumers around the world, today announced its unaudited and unreviewed financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Financial Highlights | --- | --- | --- | --- | --- | --- | ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q3 2022 Results Conference Call November 25, 2022 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Jian He - CEO and Director Yuan Jun Ye - CFO Operator Good morning, and welcome to the Third Quarter 2022 Earnings Conference Call for LightInTheBox Holding Co., Ltd. Today's conference is being recorded. At this time, I'd like to turn the call over to Mr. Rene Vanguestaine for opening remarks and introductions. Please go ahead, sir. Rene Vangue ...

LightInTheBox Holding Co., Ltd. (NYSE:LITB) Q2 2022 Earnings Conference Call September 6, 2022 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Jian He - Chief Executive Officer Yuan Jun Ye - Chief Financial Officer Wenyu Liu - Chief Growth Officer Operator Good day, everyone and welcome to the Second Quarter 2022 Earnings Conference Call for LightInTheBox Holding Co., Ltd. Today’s conference is being recorded. At this time, I would like to turn the call over to Mr. Rene Vanguestaine f ...