Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$3.02, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Specialty Retail industry in the US. Total loss to shareholders of 63% over the past three years. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: US$0.064 (vs US$0.006 in 1Q 2025) First quarter 2026 results: EPS: US$0.064 (up from US$0.006 in 1Q 2025). Revenue: US$52.0m (up 11% from 1Q 2025). Net income: US$1.16m (up US$1.05m from 1Q 2025). Profit margin: 2.2% (up from 0.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Specialty Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$4.0m). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$44.5m market cap). Announcement • May 06
LightInTheBox Holding Co., Ltd. to Report Q1, 2026 Results on May 12, 2026 LightInTheBox Holding Co., Ltd. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$2.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Specialty Retail industry in the US. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$2.38, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 20x in the Specialty Retail industry in the US. Total loss to shareholders of 73% over the past three years. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: US$0.45 (vs US$0.14 loss in FY 2024) Full year 2025 results: EPS: US$0.45 (up from US$0.14 loss in FY 2024). Revenue: US$224.3m (down 12% from FY 2024). Net income: US$8.28m (up US$10.8m from FY 2024). Profit margin: 3.7% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Mar 12
LightInTheBox Holding Co., Ltd. to Report Q4, 2025 Results on Mar 24, 2026 LightInTheBox Holding Co., Ltd. announced that they will report Q4, 2025 results Pre-Market on Mar 24, 2026 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$2.51, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 21x in the Specialty Retail industry in the US. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$2.35, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 20x in the Specialty Retail industry in the US. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.69, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 19x in the Specialty Retail industry in the US. Total loss to shareholders of 75% over the past three years. Announcement • Nov 26
LightInTheBox Holding Co., Ltd., Annual General Meeting, Dec 19, 2025 LightInTheBox Holding Co., Ltd., Annual General Meeting, Dec 19, 2025, at 10:00 China Standard Time. Location: 21st floor, lane 666, haiyang west road, pudong new area., shanghai China Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: US$0.15 (vs US$0.014 in 3Q 2024) Third quarter 2025 results: EPS: US$0.15 (up from US$0.014 in 3Q 2024). Revenue: US$55.5m (down 2.7% from 3Q 2024). Net income: US$2.84m (up US$2.57m from 3Q 2024). Profit margin: 5.1% (up from 0.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$3.56, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 17x in the Specialty Retail industry in the US. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$2.33, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 17x in the Specialty Retail industry in the US. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$2.14, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 19x in the Specialty Retail industry in the US. Total loss to shareholders of 62% over the past three years. Reported Earnings • Sep 10
Second quarter 2025 earnings released: EPS: US$0.11 (vs US$0.034 in 2Q 2024) Second quarter 2025 results: EPS: US$0.11 (up from US$0.034 in 2Q 2024). Revenue: US$58.9m (down 15% from 2Q 2024). Net income: US$2.02m (up 224% from 2Q 2024). Profit margin: 3.4% (up from 0.9% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$1.40, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Specialty Retail industry in the US. Total loss to shareholders of 79% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: US$0.006 (vs US$0.21 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.006 (up from US$0.21 loss in 1Q 2024). Revenue: US$47.0m (down 34% from 1Q 2024). Net income: US$114.0k (up US$3.94m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risks Negative equity (-US$13m). Market cap is less than US$100m (US$25.7m market cap). Reported Earnings • Mar 25
Full year 2024 earnings released: US$0.14 loss per share (vs US$0.51 loss in FY 2023) Full year 2024 results: US$0.14 loss per share (improved from US$0.51 loss in FY 2023). Revenue: US$255.3m (down 59% from FY 2023). Net loss: US$2.49m (loss narrowed 74% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Negative equity (-US$12m). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$23.0m market cap). Announcement • Jan 25
LightInTheBox Receives Non-compliance Letter from NYSE Regarding Market Capitalization LightInTheBox Holding Co., Ltd. announced that it has received a letter from the New York Stock Exchange (the 'NYSE') dated December 26, 2024 (the 'Notice'), notifying that the Company is 'below criteria' due to its average total market capitalization being less than $50 million over a 30 trading-day period and its stockholders' equity being less than $50 million pursuant to Section 802.01B of the NYSE Listed Company Manual. The Company intends to take steps to remedy the deficiency in a timely manner. The Company notified the NYSE on January 3, 2025 of its intention to cure such deficiency. In accordance with NYSE listing requirements, the Company has 90 calendar days from the receipt of the Notice to respond with a business plan that demonstrates compliance with this continued listing standard within 18 months of receipt of the Notice. The NYSE will review the Company's business plan and make a determination as to whether the Company has made a reasonable demonstration of its ability to come into conformity with Section 802.01B within 18 months. If the NYSE accepts the business plan, the Company's ADSs will continue to be listed and traded on the NYSE during the 18-month period, subject semi-annual review by the NYSE of the Company's compliance with such business plan. If the Company's business plan is not accepted, the NYSE will initiate delisting proceedings. The Company is currently evaluating its available options and developing a plan to regain compliance with Section 802.01B. The Notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and traded on the NYSE, subject to compliance with other continued listing requirements of the NYSE. The Company is currently in compliance with all other NYSE continued listing standards. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. Reported Earnings • Dec 10
Third quarter 2024 earnings released: EPS: US$0.014 (vs US$0.005 in 3Q 2023) Third quarter 2024 results: EPS: US$0.014 (up from US$0.005 in 3Q 2023). Revenue: US$57.0m (down 63% from 3Q 2023). Net income: US$266.0k (up 199% from 3Q 2023). Profit margin: 0.5% (up from 0.1% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year and the company’s share price has also fallen by 34% per year. Announcement • Dec 03
LightInTheBox Holding Co., Ltd. to Report Q3, 2024 Results on Dec 10, 2024 LightInTheBox Holding Co., Ltd. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Dec 10, 2024 Announcement • Sep 12
LightInTheBox Holding Co., Ltd., Annual General Meeting, Oct 11, 2024 LightInTheBox Holding Co., Ltd., Annual General Meeting, Oct 11, 2024, at 10:00 China Standard Time. Location: 11th floor, 1188 financial center, no. 1188 minsheng road, pudong new area, shanghai China Announcement • Aug 27
LightInTheBox Holding Co., Ltd. Announces Board Changes LightInTheBox Holding Co., Ltd. announced the appointment of Mr. Zhi Yan as a director to the board of directors of the Company and to succeed Mr. Jian He as the chairman of the Board, effective August 26, 2024 (the ‘Appointment’). Following the Appointment, Mr. Jian He will remain as a director of the Board and the Chief Executive Officer of the Company. Mr. Zhi Yan has previously served as the Company's director from March 2016 to March 2023. He has extensive investment and corporate management experience in various industries, including commercial property, wholesale markets, finance, real estate, logistics, commerce and aviation. Mr. Yan is the founder, chief executive officer and chairman of the board of directors of Zall Smart Commerce Group Ltd. He is primarily responsible for the group's overall business and investment strategies and oversees the group's project planning, business and operation management. Mr. Yan is also a non-executive director and chairman of the board of directors of Wuhan Hanshang Group, as well as an independent director of DouYu International Holdings Limited. Mr. Yan received a master's degree in business administration for senior executives from Wuhan University in February 2008 and an executive master's degree in business administration from Cheung Kong Graduate School of Management in 2013. In June 2018, Mr. Yan was awarded a Doctorate in Chinese History from Wuhan University. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: US$0.006 (vs US$0.013 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.006 (up from US$0.013 loss in 2Q 2023). Revenue: US$69.4m (down 64% from 2Q 2023). Net income: US$623.0k (up US$2.08m from 2Q 2023). Profit margin: 0.9% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Aug 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risks Negative equity (-US$14m). Market cap is less than US$100m (US$69.5m market cap). Announcement • Jul 26
LightInTheBox Holding Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024 LightInTheBox Holding Co., Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Negative equity (-US$14m). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$56.7m market cap). Reported Earnings • May 29
First quarter 2024 earnings released: US$0.034 loss per share (vs US$0.035 loss in 1Q 2023) First quarter 2024 results: US$0.034 loss per share (improved from US$0.035 loss in 1Q 2023). Revenue: US$71.2m (down 52% from 1Q 2023). Net loss: US$3.83m (loss narrowed 3.2% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • May 23
LightInTheBox Holding Co., Ltd. to Report Q1, 2024 Results on May 28, 2024 LightInTheBox Holding Co., Ltd. announced that they will report Q1, 2024 results Pre-Market on May 28, 2024 Reported Earnings • Mar 25
Full year 2023 earnings released: US$0.085 loss per share (vs US$0.50 loss in FY 2022) Full year 2023 results: US$0.085 loss per share (improved from US$0.50 loss in FY 2022). Revenue: US$629.4m (up 25% from FY 2022). Net loss: US$9.59m (loss narrowed 83% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
LightInTheBox Holding Co., Ltd. to Report Q4, 2023 Results on Mar 25, 2024 LightInTheBox Holding Co., Ltd. announced that they will report Q4, 2023 results Pre-Market on Mar 25, 2024 New Risk • Mar 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$95.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$4.3m). Market cap is less than US$100m (US$95.6m market cap). Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.004 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.001 (up from US$0.004 loss in 3Q 2022). Revenue: US$154.3m (up 28% from 3Q 2022). Net income: US$89.0k (up US$497.0k from 3Q 2022). Profit margin: 0.1% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Nov 29
LightInTheBox Holding Co., Ltd. Provides Revenue Guidance for the Fourth Quarter of 2023 LightInTheBox Holding Co., Ltd. provided revenue guidance for the fourth quarter of 2023. For the fourth quarter, the company expects net revenues to be betbetween $130 million and $145 million. Announcement • Nov 22
LightInTheBox Holding Co., Ltd. to Report Q3, 2023 Results on Nov 28, 2023 LightInTheBox Holding Co., Ltd. announced that they will report Q3, 2023 results Pre-Market on Nov 28, 2023 Announcement • Sep 16
LightInTheBox Holding Co., Ltd. Provides Revenue Guidance for the Third Quarter of 2023 LightInTheBox Holding Co., Ltd. provided revenue guidance for the third quarter of 2023. For the third quarter, the company expects net revenues to be between $145 million and $160 million. Reported Earnings • Sep 16
Second quarter 2023 earnings released: US$0.013 loss per share (vs US$0.021 loss in 2Q 2022) Second quarter 2023 results: US$0.013 loss per share (improved from US$0.021 loss in 2Q 2022). Revenue: US$191.8m (up 45% from 2Q 2022). Net loss: US$1.46m (loss narrowed 39% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Sep 09
LightInTheBox Holding Co., Ltd. to Report Q2, 2023 Results on Sep 15, 2023 LightInTheBox Holding Co., Ltd. announced that they will report Q2, 2023 results Pre-Market on Sep 15, 2023 Announcement • Aug 18
LightInTheBox Holding Co., Ltd., Annual General Meeting, Sep 28, 2023 LightInTheBox Holding Co., Ltd., Annual General Meeting, Sep 28, 2023, at 20:00 China Standard Time. Location: 11th Floor, 1188 Financial Center, No. 1188 Minsheng Road, Pudong New Area Shanghai China Agenda: To consider to be resolved as a special resolution that the fourth amended and restated memorandum and articles of association of the Company currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the fifth amended and restated memorandum and articles of association; to be resolved as an ordinary resolution that the re-election of Jian He as a director of the Company until his term of office due on March 31, 2025 is approved; to be resolved as an ordinary resolution any one of the directors of the Company to be authorized to take any and every action that might be necessary to effect the foregoing resolutions as such Director, in his or her absolute discretions, thinks fit; and to consider other matters. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 30
LightInTheBox Holding Co., Ltd. (NYSE:LITB) announces an Equity Buyback for $10 million worth of its shares. LightInTheBox Holding Co., Ltd. (NYSE:LITB) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its ordinary shares in the form of American Depositary. The company expects to utilize its existing funds to fund repurchases made under the repurchase program. The repurchase plan will expire on December 31, 2023. New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 28
First quarter 2023 earnings released: US$0.035 loss per share (vs US$0.049 loss in 1Q 2022) First quarter 2023 results: US$0.035 loss per share (improved from US$0.049 loss in 1Q 2022). Revenue: US$147.8m (up 58% from 1Q 2022). Net loss: US$3.96m (loss narrowed 28% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Announcement • May 27
Lightinthebox Holding Co., Ltd. Provides Revenue Guidance for the Second Quarter of 2023 LightInTheBox Holding Co., Ltd. provided revenue guidance for the second quarter of 2023. for the quarter, the company expects net revenues to be between $180 million and $200 million. Announcement • May 20
LightInTheBox Holding Co., Ltd. to Report Q1, 2023 Results on May 26, 2023 LightInTheBox Holding Co., Ltd. announced that they will report Q1, 2023 results Pre-Market on May 26, 2023 Reported Earnings • Mar 20
Full year 2022 earnings released: US$0.50 loss per share (vs US$0.12 profit in FY 2021) Full year 2022 results: US$0.50 loss per share (down from US$0.12 profit in FY 2021). Revenue: US$503.6m (up 13% from FY 2021). Net loss: US$56.6m (down US$69.7m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 25
Third quarter 2022 earnings released: US$0.004 loss per share (vs US$0.054 loss in 3Q 2021) Third quarter 2022 results: US$0.004 loss per share (improved from US$0.054 loss in 3Q 2021). Revenue: US$121.0m (up 23% from 3Q 2021). Net loss: US$408.0k (loss narrowed 93% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Lei Deng was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Oct 04
CEO & Director recently bought US$143k worth of stock On the 30th of September, Jian He bought around 135k shares on-market at roughly US$1.06 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$2.1m. Jian has been a buyer over the last 12 months, purchasing a net total of US$2.3m worth in shares. Recent Insider Transactions • Sep 25
CEO & Director recently bought US$2.1m worth of stock On the 22nd of September, Jian He bought around 2m shares on-market at roughly US$1.25 per share. This transaction increased Jian's direct individual holding by 16x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jian's only on-market trade for the last 12 months. Reported Earnings • Sep 07
Second quarter 2022 earnings released: US$0.021 loss per share (vs US$0.084 profit in 2Q 2021) Second quarter 2022 results: US$0.021 loss per share (down from US$0.084 profit in 2Q 2021). Revenue: US$132.4m (up 8.3% from 2Q 2021). Net loss: US$2.40m (down 125% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 23
First quarter 2022 earnings released: US$0.049 loss per share (vs US$0.012 profit in 1Q 2021) First quarter 2022 results: US$0.049 loss per share (down from US$0.012 profit in 1Q 2021). Revenue: US$93.8m (down 16% from 1Q 2021). Net loss: US$5.51m (down US$6.82m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Lei Deng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: US$0.12 (vs US$0.12 in FY 2020) Full year 2021 results: EPS: US$0.12 (down from US$0.12 in FY 2020). Revenue: US$446.1m (up 12% from FY 2020). Net income: US$13.1m (down 1.4% from FY 2020). Profit margin: 2.9% (down from 3.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to US$1.04, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 18x in the Online Retail industry in the US. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to US$1.05, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 21x in the Online Retail industry in the US. Total returns to shareholders of 31% over the past three years. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: US$0.054 loss per share (down from US$0.067 profit in 3Q 2020). Revenue: US$98.7m (down 1.3% from 3Q 2020). Net loss: US$6.02m (down 181% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$1.30, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 22x in the Online Retail industry in the US. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 30% share price gain to US$1.52, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 32x in the Online Retail industry in the US. Total returns to shareholders of 48% over the past three years. Reported Earnings • Sep 08
Second quarter 2021 earnings released: EPS US$0.084 (vs US$0.076 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$122.2m (up 7.3% from 2Q 2020). Net income: US$9.38m (up 11% from 2Q 2020). Profit margin: 7.7% (up from 7.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 29% share price gain to US$1.73, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 26x in the Online Retail industry in the US. Total returns to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$1.27, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 27x in the Online Retail industry in the US. Total loss to shareholders of 28% over the past three years. Recent Insider Transactions Derivative • Jun 12
CEO & Director notifies of intention to sell stock Jian He intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 7th of June. If the sale is conducted around the recent share price of US$2.42, it would amount to US$3.0m. As of today, Jian currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.42, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 29x in the Online Retail industry in the US. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jun 02
First quarter 2021 earnings released: EPS US$0.012 (vs US$0.006 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$112.0m (up 118% from 1Q 2020). Net income: US$1.31m (up 111% from 1Q 2020). Profit margin: 1.2% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.12, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 32x in the Online Retail industry in the US. Total returns to shareholders of 41% over the past three years. Recent Insider Transactions Derivative • Apr 03
CEO & Director notifies of intention to sell stock Jian He intends to sell 242k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of March. If the sale is conducted around the recent share price of US$2.74, it would amount to US$664k. As of today, Jian currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS US$0.12 (vs US$0.015 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$398.2m (up 63% from FY 2019). Net income: US$13.3m (up US$12.3m from FY 2019). Profit margin: 3.3% (up from 0.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 29% share price gain to US$3.90, the stock trades at a trailing P/E ratio of 13.5x, up from the previous P/E ratio of 10.4x. Average P/E is 31x in the Online Retail industry in the US. Total returns to shareholders over the past three years are 57%. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$4.21, the stock is trading at a trailing P/E ratio of 14.5x, down from the previous P/E ratio of 17.1x. This compares to an average P/E of 33x in the Online Retail industry in the US. Total returns to shareholders over the past three years are 76%. Is New 90 Day High Low • Feb 09
New 90-day high: US$3.49 The company is up 55% from its price of US$2.25 on 10 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 17% share price gain to US$2.93, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 32x in the Online Retail industry in the US. Total returns to shareholders over the past three years are 24%. Is New 90 Day High Low • Jan 12
New 90-day low: US$2.14 The company is down 15% from its price of US$2.52 on 13 October 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.35, the stock is trading at a trailing P/E ratio of 8.1x, down from the previous P/E ratio of 9.8x. This compares to an average P/E of 27x in the Online Retail industry in the US. Total returns to shareholders over the past three years are 34%. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 25% share price decline to US$2.50, the stock is trading at a trailing P/E ratio of 8.6x, down from the previous P/E ratio of 11.6x. This compares to an average P/E of 28x in the Online Retail industry in the US. Total returns to shareholders over the past three years are 28%. Reported Earnings • Dec 08
Third quarter 2020 earnings released: EPS US$0.067 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$100.0m (up 67% from 3Q 2019). Net income: US$7.41m (down 27% from 3Q 2019). Profit margin: 7.4% (down from 17% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 20
New 90-day high: US$3.11 The company is up 20% from its price of US$2.60 on 21 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is flat over the same period.