Complete financial analysis of GigaCloud Technology Inc. (GCT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GigaCloud Technology Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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GigaCloud Technology Inc. (GCT)
About GigaCloud Technology Inc.
GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Suzhou, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 703.83M | 490.07M | 414.20M | 275.48M | 122.30M |
| Cost of Revenue | 515.20M | 406.96M | 324.60M | 200.36M | 100.10M |
| Gross Profit | 188.63M | 83.11M | 89.60M | 75.12M | 22.19M |
| Gross Profit Ratio | 26.80% | 16.96% | 21.63% | 27.27% | 18.15% |
| Research & Development | 3.93M | 1.43M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 30.01M | 22.63M | 36.76M | 19.40M | 8.74M |
| Selling & Marketing | 41.39M | 24.04M | 13.49M | 11.53M | 8.65M |
| SG&A | 71.39M | 46.67M | 50.24M | 30.93M | 17.39M |
| Other Expenses | 0.00 | -1.09M | 156.00K | 56.00K | -168.00K |
| Operating Expenses | 78.56M | 47.01M | 50.24M | 30.93M | 17.39M |
| Cost & Expenses | 590.52M | 453.96M | 374.84M | 231.29M | 117.49M |
| Interest Income | 3.30M | 472.00K | 537.00K | 58.00K | 2.00K |
| Interest Expense | 1.24M | 568.00K | 309.00K | 46.00K | 0.00 |
| Depreciation & Amortization | 2.87M | 2.04M | 775.00K | 227.00K | 128.00K |
| EBITDA | 119.79M | 33.77M | 38.81M | 45.55M | 4.93M |
| EBITDA Ratio | 17.02% | 7.75% | 9.86% | 16.16% | 3.90% |
| Operating Income | 113.31M | 35.02M | 39.35M | 44.18M | 4.80M |
| Operating Income Ratio | 16.10% | 7.15% | 9.50% | 16.04% | 3.93% |
| Total Other Income/Expenses | 1.68M | -3.86M | -1.63M | 1.09M | 0.00 |
| Income Before Tax | 115.00M | 31.16M | 37.73M | 45.28M | 4.80M |
| Income Before Tax Ratio | 16.34% | 6.36% | 9.11% | 16.44% | 3.93% |
| Income Tax Expense | 20.89M | 7.19M | 8.47M | 7.82M | 1.95M |
| Net Income | 94.11M | 23.97M | 29.26M | 37.46M | 2.86M |
| Net Income Ratio | 13.37% | 4.89% | 7.06% | 13.60% | 2.34% |
| EPS | 2.31 | 0.60 | 0.69 | 0.93 | 0.07 |
| EPS Diluted | 2.30 | 0.60 | 0.69 | 0.93 | 0.07 |
| Weighted Avg Shares Out | 40.79M | 40.24M | 39.75M | 39.75M | 40.24M |
| Weighted Avg Shares Out (Dil) | 40.92M | 40.24M | 40.24M | 40.24M | 40.24M |
GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2024 Financial Results
GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income
Should You Buy, Sell or Hold GigaCloud Before Q3 Earnings?
GCT's third-quarter 2024 earnings and revenues are likely to increase year over year.
GigaCloud Technology Should Beat Earnings Again
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,...
GigaCloud Technology Inc to Announce Third Quarter 2024 Financial Results and Host Conference Call on November 7, 2024
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...
GigaCloud Technology Inc. (GCT) Exceeds Market Returns: Some Facts to Consider
In the most recent trading session, GigaCloud Technology Inc. (GCT) closed at $24.55, indicating a +1.57% shift from the previous trading day.
Is It Worth Investing in GigaCloud Technology Inc. (GCT) Based on Wall Street's Bullish Views?
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?
Investors Heavily Search GigaCloud Technology Inc. (GCT): Here is What You Need to Know
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.
GigaCloud's Expansion Sparks Concerns On Profitability
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%...
GigaCloud Technology: Hand Over Fist, I'm Buying The Pessimism
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...
GigaCloud Technology Inc. (GCT) Registers a Bigger Fall Than the Market: Important Facts to Note
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.
Source: https://incomestatements.info
Category: Stock Reports