Group 1 - The article discusses the subscription service Beyond the Wall Investing, which offers access to high-quality equity research reports, potentially saving investors thousands of dollars annually [1] - The author acknowledges a previous bullish stance on GigaCloud Technology Inc. (NASDAQ: GCT) stock, indicating a "Buy" rating from early May last year, which has been updated [1] - The investing group provides features such as a fundamentals-based portfolio, weekly analysis from institutional investors, short-term trade alerts based on technical signals, and community engagement [1] Group 2 - The article emphasizes that past performance does not guarantee future results and that no specific investment recommendations are provided [2] - It clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, and the analysts involved may not be licensed or certified [2]

Group 1 - GigaCloud Technology Inc. will report its financial results for Q1 2025 on May 12, 2025, after market close [1] - A conference call to discuss the financial results will take place on the same day at 6:30 PM Eastern Time [1] - Participants are encouraged to pre-register for the conference call and join 15 minutes early [2] Group 2 - GigaCloud Technology Inc. specializes in global end-to-end B2B ecommerce technology solutions for large parcel merchandise [3] - The GigaCloud Marketplace integrates discovery, payments, and logistics tools into a single platform, facilitating cross-border transactions [3] - The company launched its marketplace in January 2019, initially focusing on the global furniture market and later expanding into home appliances and fitness equipment [3]

Financial Performance - In H1'24, GigaCloud Technology's revenue reached $561.9 million, representing a 100% year-over-year growth[11] - Gross profit for H1'24 was $143.0 million, with a gross margin of 25.4%[11] - Adjusted EBITDA for H1'24 was $77.2 million, resulting in a margin of 13.7%[11] - Net income for H1'24 amounted to $54.2 million, yielding a margin of 9.6%[11] - In Q2'24, revenue grew to $310.9 million, a 103.1% increase year-over-year[11] - Adjusted EBITDA for Q2'24 was $42.7 million, with a margin of 13.7%[11] - Net income for Q2'24 was $27.0 million, resulting in a margin of 8.7%[11] Marketplace Growth - GigaCloud Marketplace GMV reached $1.1 billion LTM ended June 30, 2024[11] - GigaCloud Marketplace GMV grew by 80.7% from Q2'23 to Q2'24[11] - 3P Seller GigaCloud Marketplace GMV reached $571.9 million LTM ended June 30, 2024[11] - 3P Seller GigaCloud Marketplace GMV Growth was 76.1% from Q2'23 to Q2'24[11] - The number of active sellers increased by 39.8% year-over-year[11] - The number of active buyers increased by 66.8% year-over-year[11] - Active buyer spend was approximately $151.3k LTM ended June 30, 2024[11]

Financial Performance - GigaCloud's Q3 2024 revenue reached $303.3 million, a 70.2% year-over-year increase compared to Q3 2023[12, 48] - Gross profit for Q3 2024 was $77.3 million, representing a 58.1% year-over-year growth[12, 50] - Adjusted EBITDA for Q3 2024 was $48.8 million, with a margin of 16.1%[12, 51] - Net income for Q3 2024 was $40.7 million, a 68.2% increase year-over-year[12] - Cash, restricted cash, and investments totaled $260.5 million, a 41.4% year-over-year increase[12] Marketplace Growth - GigaCloud Marketplace GMV (Gross Merchandise Volume) reached $1.2 billion for the last twelve months (LTM) ended September 30, 2024, an 80.2% increase compared to the same period last year[13] - 3P (Third-Party) Seller GigaCloud Marketplace GMV was $635.5 million for the LTM ended September 30, 2024, a 72.0% increase year-over-year[13] User Base Expansion - The number of active sellers reached 1,051 for the LTM ended September 30, 2024, a 41.8% year-over-year increase[13, 20] - The number of active buyers reached 8,535 for the LTM ended September 30, 2024, an 85.5% year-over-year increase[13, 27] - Active buyer spend is approximately $145,000 for the LTM ended September 30, 2024[13, 27]

Core Insights - Orbic North America and GCT Semiconductor have signed a letter of intent to collaborate on developing and supplying an Orbic-branded mobile hotspot and FWA gateway using a Verizon-certified 5G module based on GCT's new 5G chipset [1][4] - The partnership will initially focus on devices for the Verizon network, with plans to offer versions to other network operators globally [2][3] - Orbic is establishing a state-of-the-art manufacturing facility in Hauppauge, NY, for producing various connected devices [3] Company Overview - Orbic is a US-based technology company that specializes in innovative mobile solutions, providing a range of products from smartphones to mobile hotspots [5] - GCT Semiconductor is a leading designer and supplier of advanced 5G and 4G LTE semiconductor solutions, known for its system-on-chip solutions that integrate multiple functions for high performance and low power consumption [6]

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!I wrote my first take on GigaCloud Technology Inc. (NASDAQ: GCT ) stock in early November 2023 , initially with a "Hold" rating, citing that the hanging risks at the time couldn't justify a "Buy". But then I sawDaniel Sereda is chief investment analyst at a family o ...

Company Performance - GigaCloud Technology Inc. (GCT) closed at $14.73, with a slight increase of +0.07% compared to the previous day, underperforming the S&P 500 which gained 0.67% [1] - Over the past month, GCT shares have decreased by 5.22%, which is worse than the Business Services sector's loss of 3.55% and slightly better than the S&P 500's loss of 5.28% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for GigaCloud is projected at $0.46, indicating a significant drop of 45.24% compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $257.4 million, reflecting a modest increase of 2.52% from the previous year [2] Full Year Estimates - For the full year, analysts expect earnings of $2.90 per share and revenue of $1.2 billion, representing changes of -4.92% and +3.33% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for GigaCloud are important as they indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] Zacks Rank and Valuation - GigaCloud currently holds a Zacks Rank of 3 (Hold), with the EPS estimate having decreased by 14.2% over the last 30 days [6] - The company has a Forward P/E ratio of 5.08, which is significantly lower than its industry's Forward P/E of 18.31, indicating a valuation discount [7] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 59, placing it in the top 24% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the importance of industry strength in investment decisions [8]

Core Viewpoint - GigaCloud Technology Inc has increased its share repurchase program by an additional $16 million, raising the total authorization to $62 million, which will be active until August 28, 2025 [1][2]. Company Overview - GigaCloud Technology Inc specializes in global end-to-end B2B ecommerce technology solutions for large parcel merchandise, offering a platform called the "GigaCloud Marketplace" that integrates discovery, payments, and logistics [3]. - The company connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, facilitating cross-border transactions efficiently [3]. - GigaCloud launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [3]. Share Repurchase Program Details - The share repurchase program allows the company to buy back its ordinary shares through various means, including open market transactions and block trades [2]. - Repurchase transactions will depend on factors such as share price, trading volume, and general market conditions, as well as the company's working capital requirements [2]. - The board of directors will periodically review the program and may modify or terminate it at any time, with repurchases funded from the existing cash balance [2].

EL MONTE, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that Scott Living by Drew & Jonathan™, the home furnishings brand created by TV hosts and renovation experts Drew and Jonathan Scott, has joined its Branding-as-a-Service (BaaS) Program. This collaboration will bring Scott Living's trusted brand into the GigaCloud B2B Marketpl ...

Core Insights - GigaCloud Technology Inc has partnered with Scott Living by Drew & Jonathan to integrate their brand into GigaCloud's Branding-as-a-Service (BaaS) Program, enhancing the B2B marketplace with trusted home furnishings [1][2] - This collaboration aims to leverage Scott Living's expertise in outdoor furniture and décor, aligning with consumer trends and creating growth opportunities for sellers and retailers [1][3] Company Overview - GigaCloud Technology Inc specializes in global end-to-end B2B ecommerce solutions for large parcel merchandise, offering a comprehensive platform that connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe [4] - The GigaCloud Marketplace integrates discovery, payments, and logistics tools, facilitating cross-border transactions with efficiency [4] Partnership Details - The partnership is expected to provide Scott Living with access to a broader audience and enhance collaboration with suppliers and retail channels, ultimately delivering high-quality home products [3][5] - Scott Living's design-forward appeal is anticipated to resonate with younger, trend-conscious consumers, complementing GigaCloud's ecosystem [3][6] Product Availability - Scott Living products are widely available through various North American and online retailers, including Amazon, Wayfair, and The Home Depot, enhancing market reach [6][7]