IMO, LITB is literally what you call a Ground Floor Opportunity. In 2012, it ranked number one in terms of revenue generated from customers outside of China among all China-based retail websites that source products from third-party manufacturers. It also offers its products through other high traffic online marketplace platforms such as Amazon.com, eBay.com and Taobao.com.
The company has been developing a large global customer base since the launch of its first website. The number of its customers increased from about 0.5 million in 2010 to about 2.5 million in 2012. The number of its customers was about 1.1 million in the three months ended March 31, 2013. The number of products offered by the company to its customers has increased from about 59,000 in 2010 to about 205,000 in 2012.
Its losses have been come down to about $7 million in FY 2012 from about $22 million in FY 2010. Further in first quarter of FY 13 the company has turned profitable with the profit of about $1.5 million.
Their growth is very impressive. Net revenues grew from $6.3 million in 2008 to $200.0 million in 2012. IMO, LITB will reach $20+ per share in a month or so.
http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=8928410
Recent LITB News
- LightInTheBox Files 2023 Annual Report on Form 20-F • PR Newswire (US) • 03/28/2024 10:30:00 AM
- LightInTheBox Announces (1) Fourth Quarter and Full Year 2023 Financial Results and (2) Receipt of Non-compliance Letter from NYSE Regarding ADS Trading Price • PR Newswire (US) • 03/25/2024 10:00:00 AM
- LightInTheBox to Report Fourth Quarter and Full Year 2023 Financial Results on Monday, March 25, 2024 • PR Newswire (US) • 03/18/2024 10:00:00 AM
- Form 20-F/A - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 01/08/2024 09:00:31 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/03/2024 11:03:08 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/13/2023 11:01:09 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/28/2023 11:01:56 AM
- LightInTheBox Reports Third Quarter 2023 Financial Results • PR Newswire (US) • 11/28/2023 11:00:00 AM
- LightInTheBox to Report Third Quarter 2023 Financial Results on Tuesday, November 28, 2023 • PR Newswire (US) • 11/21/2023 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/28/2023 08:00:22 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/15/2023 10:09:17 AM
- LightInTheBox Reports Second Quarter 2023 Financial Results • PR Newswire (US) • 09/15/2023 10:00:00 AM
- LightInTheBox to Report Second Quarter 2023 Financial Results on Friday, September 15, 2023 • PR Newswire (US) • 09/08/2023 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/17/2023 10:07:58 AM
- LightInTheBox to Hold Annual General Meeting on September 28, 2023 • PR Newswire (US) • 08/17/2023 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/29/2023 10:05:58 AM
- LightInTheBox Announces Share Repurchase Program • PR Newswire (US) • 06/29/2023 10:00:00 AM
- LightInTheBox Among Top 50 Kantar BrandZ Chinese Global Brand Builders for 2023 • PR Newswire (US) • 06/16/2023 09:45:00 AM
- LightInTheBox Reports First Quarter 2023 Financial Results • PR Newswire (US) • 05/26/2023 10:00:00 AM
- LightInTheBox to Report First Quarter 2023 Financial Results on Friday, May 26, 2023 • PR Newswire (US) • 05/19/2023 10:00:00 AM
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