Gigacloud Tech

GigaCloud Technology, Inc. operates as an online business to business marketplace platform for furniture and other bulk products. It is a Business-to-Business trade platform, specializing in heavy, and large merchandise, optimized for the furniture sector. The company was founded by Lei Wu on August 29, 2006 and is headquartered in Hong Kong.

Earnings data Q2 2022

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Gigacloud Tech reports strong Q3 earnings and growth strategies

Gigacloud Tech's Q3 performance reflects robust growth, financial strength, and strategic initiatives to create shareholder value.
While facing challenges such as revenue breakdown and margin expectations, the company remains confident in its growth trajectory.
Opportunities lie in expanding the marketplace ecosystem, strategic acquisitions, and optimizing pricing strategies for sustained growth and profitability.

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GigaCloud Technology, Inc. specializes in global end-to-end business-to-business (B2B) electronic commerce (e-commerce) for large parcel merchandise. The firm's B2B ecommerce platform, which it refers to as the GigaCloud Marketplace, integrates everything from product discovery, payments, and messaging portals, leveraging channel diversification for suppliers, while resellers gain access to thousands of products backed by a complete logistics package. Its global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. The firm offers a comprehensive solution that transports products from the manufacturer's warehouse to the end customer’s doorstep, all in one place. The company was founded by Lei Wu on August 29, 2006 and is headquartered in El Monte, CA.

I believe GigaCloud Technology's recent stock dip is an overreaction; the company remains undervalued despite strong growth and exceeding Q3 2024 forecasts. GigaCloud's diverse revenue streams, expanding market share, and strategic investments position it for future success, despite short-term margin impacts and geopolitical concerns. The company's healthy balance sheet, no debt, and positive cash flow, along with ongoing European growth and Noble House integration, bolster its long-term prospects.

GigaCloud Falls On A Massive Earnings Beat: Buy The Drop

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See GigaCloud Technology Inc. (GCT) as a Buy: Should You Invest?

GigaCloud Technology Inc. (GCT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

GigaCloud Technology Inc. (GCT) Is a Trending Stock: Facts to Know Before Betting on It

GigaCloud Technology, Inc. (NASDAQ:GCT ) Q3 2024 Earnings Conference Call November 7, 2024 7:30 PM ET Company Participants Larry Lei Wu - Founder, Chairman, Director and Chief Executive Officer Iman Schrock - President Erica Wei - Interim Chief Financial Officer Conference Call Participants Matt Koranda - ROTH Capital Ryan Meyers - Lake Street Capital Markets Thomas Forte - Maxim Group Operator Thank you all for standing by. Welcome to GigaCloud Technology's Third Quarter 2024 Earnings Conference Call.

GigaCloud Technology, Inc. (GCT) Q3 2024 Earnings Call Transcript

GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.59 per share a year ago.

GigaCloud Technology Inc. (GCT) Q3 Earnings and Revenues Beat Estimates

GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income

GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2024 Financial Results

GCT's third-quarter 2024 earnings and revenues are likely to increase year over year.

Should You Buy, Sell or Hold GigaCloud Before Q3 Earnings?

GigaCloud Technology's stock has gained 33% since I last covered it, and I believe the upcoming Q3 FY2024 report could serve as a bullish catalyst for further recovery. GCT more than doubled its revenue YoY to $311 million in Q2, while the retail furniture sales in the US dropped 7% in 1H 2024. GigaCloud's explosive growth is not without its challenges — the firm seems to be losing its operating leverage as of late.

GigaCloud Technology Should Beat Earnings Again

EL MONTE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. The Company will host a conference call to discuss its financial results on the same day at 7:30 PM Eastern Time.

GigaCloud Technology Inc to Announce Third Quarter 2024 Financial Results and Host Conference Call on November 7, 2024

In the most recent trading session, GigaCloud Technology Inc. (GCT) closed at $24.55, indicating a +1.57% shift from the previous trading day.

GigaCloud Technology Inc. (GCT) Exceeds Market Returns: Some Facts to Consider

Is It Worth Investing in GigaCloud Technology Inc. (GCT) Based on Wall Street's Bullish Views?

GigaCloud Technology Inc. (GCT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search GigaCloud Technology Inc. (GCT): Here is What You Need to Know

GigaCloud achieved over 100% YoY revenue growth in Q2 2024, reaching $311 million, demonstrating significant expansion. GCT's forward P/E of 8.82, compared to the sector median of 18.86, indicates undervaluation with strong growth prospects. Operating income margins dropped from 10.85% in December 2021 to 8.88% in June 2024, signaling cost concerns.

GigaCloud's Expansion Sparks Concerns On Profitability

GigaCloud Technology is a strong buy due to robust platform dynamics and significant margin expansion potential, despite recent high short interest affecting stock performance. The company's 1P and 3P business models, particularly the latter, drive substantial revenue growth through fees and commissions from third-party merchants. GCT's valuation multiple is highly undervalued at 7x 2025 earnings, with a projected 28% earnings growth, suggesting a potential 44% upside.

GigaCloud Technology: Hand Over Fist, I'm Buying The Pessimism

GigaCloud Technology Inc. (GCT) reachead $25.97 at the closing of the latest trading day, reflecting a -1.63% change compared to its last close.

GigaCloud Technology Inc. (GCT) Registers a Bigger Fall Than the Market: Important Facts to Note

In the most recent trading session, GigaCloud Technology Inc. (GCT) closed at $24.79, indicating a -1.78% shift from the previous trading day.

GigaCloud Technology Inc. (GCT) Stock Dips While Market Gains: Key Facts

Zacks.com users have recently been watching GigaCloud Technology Inc. (GCT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Here is What to Know Beyond Why GigaCloud Technology Inc. (GCT) is a Trending Stock

GigaCloud has demonstrated impressive growth. Short interest is rising despite these strong results. Despite risks, I think GCT offers upside.

GigaCloud Stock: The Shorts Have This One Wrong

Given the fall in GCT shares, we examine its current position to determine whether to go for it or let it go.

GigaCloud Stock Falls 25% in 6 Months: What's Next for Investors?

In this article, I provide an update about GigaCloud Technology stock. I argue that conditions are favorable for GCT stock to appreciate over the coming quarters. I discuss several reasons for this thesis and consider some risks to it.

GigaCloud: Conditions Are Good For The Stock To Climb

Shares of GigaCloud Technology Inc (GCT, Financial) surged 4.56% in mid-day trading on Oct 2. The stock reached an intraday high of $27.49, before settling at $26.36, up from its previous close of $25.21.

GigaCloud Technology Inc (GCT) Shares Up 4.56% on Oct 2

Is Trending Stock GigaCloud Technology Inc. (GCT) a Buy Now?

The company's management team feels the shares are undervalued and started a share buyback program.

1 Ridiculously Undervalued Growth Stock Down 51% You Can Buy Now While Its Cheap

GigaCloud Technology Inc. has seen a significant share price drop but recently surged over 10%. Is the bottom in? GigaCloud Technology's Q2 report showed doubled revenues and gross profit, but operating income only increased by 20% due to higher expenses. Despite concerns like margin compression and insider sales, GCT remains undervalued, with a P/E just above 7 and strong financials.

Double Macro Tailwinds May Stimulate GigaCloud Stock To New Highs

GigaCloud's revenue growth is impressive, with a 103% YoY increase, despite slower EPS growth, indicating strong potential for future profitability. Institutional ownership is rising, and technical analysis suggests a favorable entry point, with a target price of $50 from Lake Street. Global B2B e-commerce trends favor GCT, with digital channels expected to drive 56% of revenue by 2025, boosting GCT's market potential.

News for Gigacloud Tech Stock (GCT)