GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.56%. A quarter ago, it was expected that this company would post earnings of $0.67 per share when it actually produced earnings of $0.98, delivering a surprise of 46.27%.Over the last four quarters, th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-41454 GIGACLOUD TECHNOLOGY INC (Exact Name of Registrant as Specified in its Charter) _____________________ Cayman Islands 00-0000000 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identific ...

Exhibit 99.1 GigaCloud Technology Inc Announces Fourth Quarter and Year Ended December 31, 2024 Financial Results —Record Total Revenues in 2024 Reach More Than $1 Billion— EL MONTE, Calif., March 3, 2025 — 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 financial results for the fourth quarter and fiscal year ended December 31, 2024, including a milestone achievement of sur ...

Core Insights - GigaCloud Technology Inc achieved a significant milestone by surpassing $1 billion in total annual revenues for the first time in 2024, reflecting strong growth in its B2B Marketplace despite a challenging macroeconomic environment [1][5][6] Financial Highlights - Total revenues for Q4 2024 reached $295.8 million, marking a 20.9% increase year-over-year [6] - For the full year 2024, total revenues were $1,161.0 million, a 65.0% increase compared to 2023 [6] - Gross profit for Q4 2024 was $65.0 million, down 6.9% year-over-year, with a gross margin of 22.0% [6] - Net income for Q4 2024 was $31.0 million, a decrease of 12.9% year-over-year, resulting in a net income margin of 10.5% [6] - Diluted EPS for Q4 2024 decreased by 12.6% year-over-year to $0.76, while adjusted EPS – diluted decreased by 29.9% to $0.75 [6] Operational Highlights - GigaCloud Marketplace GMV increased by 68.9% year-over-year to $1,341.4 million for the 12 months ended December 31, 2024 [6] - The number of active 3P sellers rose by 36.3% year-over-year to 1,111, while active buyers increased by 85.7% to 9,306 [6] - Spend per active buyer was $144,142 for the 12 months ended December 31, 2024 [6] Strategic Developments - The company appointed Erica Wei as Chief Financial Officer, who has been instrumental in enhancing financial strategy and reporting quality [8] - GigaCloud has executed approximately $29 million in share repurchases under a $46 million authorization since September 2024, reflecting a commitment to enhancing shareholder value [8][11] Business Outlook - The company anticipates total revenues between $250 million and $265 million for Q1 2025, based on current market conditions [9]

GigaCloud Technology Inc. (GCT) will report its fourth-quarter 2024 results on March 3, after the bell.See Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for earnings in the to-be-reported stands at 90 cents, indicating 3.5% growth from the year-ago reported quarter. The consensus estimate for revenues is pegged at $290 million, implying 18.5% year-over-year growth. There has been no change in analyst estimates or revisions lately.Image Source: Zacks Investment Rese ...

Core Viewpoint - GigaCloud Technology Inc will report its unaudited financial results for Q4 and the full year of 2024 on March 3, 2025, after market close, followed by a conference call to discuss the results [1]. Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive B2B ecommerce platform known as the "GigaCloud Marketplace" [3]. - The GigaCloud Marketplace integrates discovery, payments, and logistics tools, connecting manufacturers in Asia with resellers in the U.S., Asia, and Europe for efficient cross-border transactions [3]. - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [3].

Core Viewpoint - GigaCloud Technology Inc. (GCT) has experienced a significant stock decline of 12% over the past six months, contrasting with the industry's 78% growth, raising questions about potential buying opportunities [1][3]. Group 1: B2B Marketplace Expansion - GCT is expanding its B2B marketplace by utilizing a supplier-fulfilled retailing model and advanced R&D to enhance its cloud infrastructure, addressing the demand for large-parcel merchandise [4]. - In Q3 2024, GCT's marketplace reported a 70.2% year-over-year sales increase, an 80.2% rise in Gross Merchandise Value, an 85.5% increase in active buyers, and a 41.8% growth in active third-party sellers [5]. - The introduction of a Branding-as-a-Service (BaaS) offering and diversification of the supplier base from Colombia, Mexico, and Turkey have improved product variety and buyer satisfaction [5]. Group 2: Financial Stability - GCT maintains a strong liquidity position with a current ratio of 2.13, slightly below the industry average of 2.21, indicating financial stability to meet short-term obligations and invest in growth [6]. - This financial flexibility allows GCT to navigate market challenges while pursuing long-term opportunities [6]. Group 3: Sales and Earnings Growth - The Zacks Consensus estimate for 2024 projects GCT's sales to reach $1.16 billion, reflecting a 64.1% year-over-year increase, with earnings per share (EPS) expected to grow by 34.8% to 3.1 cents [7]. - For 2025, sales are anticipated to rise by 14.3%, with EPS expected to grow an additional 9.2%, indicating solid fundamentals and sustained momentum [7]. Group 4: Market Position and Outlook - Despite recent stock declines, GCT's strong B2B marketplace expansion, impressive sales growth, and financial stability support a long-term positive outlook [8]. - Investors are advised to hold the stock and adopt a wait-and-see approach to assess sustained execution and broader market trends before making further moves [8].

Core Insights - GigaCloud Technology Inc. has announced the addition of several new suppliers to its GigaCloud Marketplace, enhancing its position as a leading global B2B wholesale platform [1][2][3] Supplier Expansion - New suppliers include Purple Innovation Inc., Homestyles by Flexsteel Industries Inc., Corsicana Mattress Company, Restonic, Walker Edison, GhostBed, and Simpli Home, offering a diverse range of home furnishings [2][3] - The new suppliers are recognized for their quality craftsmanship and design, appealing to various styles from contemporary to traditional [2] Strategic Partnerships - GigaCloud's CEO, Larry Wu, emphasized the importance of these new partnerships in demonstrating the platform's value and commitment to growth and product diversity [3] - Purple Innovation's VP, Mason Stephens, highlighted the opportunity to expand market presence through GigaCloud's marketplace, aiming to connect with a broader reseller base [3] - Flexsteel Industries' VP, Andrew Surdyka, expressed excitement about enhancing their digital presence and reaching new customers through the collaboration with GigaCloud [3] Company Overview - GigaCloud Technology Inc. specializes in end-to-end B2B ecommerce solutions for large parcel merchandise, integrating discovery, payments, and logistics into a single platform [4] - The GigaCloud Marketplace connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, facilitating efficient cross-border transactions [4] - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [4]

NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of GigaCloud Technology Inc.  (NASDAQ: GCT) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, GigaCloud insiders caused the company to misrepresent or fail to disclose that (1) that the Company's business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses; (2) that th ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.I initiated my coverage of GigaCloud Technology (NASDAQ: GCT ) stock in May 2024 and, since then, the price declined by ~50% while the broader market gained over 15% in total returns. I kept my bullish rating inHe leads the investing group Beyond the ...