LightInTheBox Reports First Quarter 2021 Financial Results
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SHANGHAI, June 1, 2021 /PRNewswire/ 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 financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Financial Highlights
Three Months Ended
$
60.1
Mr. Jian He, Chief Executive Officer of LightInTheBox, commented, We were very pleased to start 2021 with strong growth momentum and more than doubling the revenues for the first quarter compared with a year ago. Total revenues were $112.0 million in the first quarter of 2021, compared with $51.5 million in the same quarter of 2020. Adjusted EBITDA and net income in the first quarter of 2021 reached $2.3 million and $1.4 million, respectively, compared with $1.4 million and $0.7 million in t
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According to Clemson, the researchers created their hybrid material by mixing elements in the same group on the periodic table but with different atomic sizes. For their research, the team used the atomic size mismatches between sulphur and tellurium and between copper and silver to create a new compound (Cu1-xAgx)2(Te1-ySy) in which the crystalline and amorphous sublattices intertwine into a one-of-a-kind crystal-amorphicity duality. The new compound is said to have exhibited excellent thermoelectric performance.
While this discovery does bot directly impact application now, it is expected to lead to better thermoelectrics in the future.
“The new material performs well, but more important than that is how it achieves that level of performance,” He said in a statement. “Traditionally, thermoelectric materials are crystals. Our material is not pure crystal, and we show we can achieve the same level of performance with a material with a new atomic structure.”
New, Potentially Paradigm-Shifting High Performance Thermoelectric Compound
Written by AZoMApr 19 2021
Thermoelectrics power an extensive range of items by directly converting heat into electricity spanning from NASA’s Perseverance rover now exploring Mars to travel coolers that chill beverages.
Jian He is an associate professor in the College of Science’s Department of Physics and Astronomy. Image Credit: Clemson University.
A physicist from Clemson University has joined hands with collaborators from China and Denmark to make a new and possibly paradigm-shifting high performance thermoelectric compound.
The atomic structure of the material, the way atoms tend to arrange themselves in time and space, governs its properties. Solids are generally amorphous or crystalline in nature.
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IMAGE: Jian He is an associate professor in Clemson University s Department of Physics and Astronomy. view more
Credit: Clemson University College of Science
Thermoelectrics directly convert heat into electricity and power a wide array of items from NASA s Perseverance rover currently exploring Mars to travel coolers that chill beverages.
A Clemson University physicist has joined forces with collaborators from China and Denmark to create a new and potentially paradigm-shifting high-performance thermoelectric compound.
A material s atomic structure, which is how atoms arrange themselves in space and time, determines its properties. Typically, solids are crystalline or amorphous. In crystals, atoms are in an orderly and symmetrical pattern. Amorphous materials have randomly distributed atoms.