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Company Overview - Global-e Online (GLBE) is a high-growth stock currently trading near its lowest-ever valuation, making it an attractive option for growth investors [2] - The company operates a business-to-business platform that enables e-commerce retailers to engage in cross-border commerce, offering services like localized currencies and instant customs calculations [3] Growth Metrics - In the first quarter of 2024, Global-e reported a 32% year-over-year increase in gross merchandise volume (GMV) and a 24% rise in revenue [5] - The company added several high-profile clients, including Heydude by Crocs and Donna Karan in the U.S., and expanded partnerships with brands like Adidas and Coty [5] Partnerships and Strategic Initiatives - Global-e has established a partnership with Shopify, which launched a white-label cross-border solution called Shopify Market Pro, and signed a deal with Wix.com to provide services on its e-commerce sites [6] - Management anticipates accelerated growth in the second half of the year due to planned large partnerships and a strong pipeline of new clients [7] Long-term Outlook - The long-term outlook for Global-e is promising, as e-commerce continues to grow and the demand for cross-border services is expected to increase in a global economy [8] - The company is still young and could significantly benefit from economic improvements in the future [8] Financial Performance - Gross profit increased by 38% year-over-year, with gross margin expanding from 41.2% to 43.4% [9] - Adjusted EBITDA improved from $14.5 million to $21.3 million, while the net loss contracted from $43.1 million to $32.1 million [9] Valuation - Global-e's stock is currently trading near its lowest-ever price-to-sales ratio, presenting a potential buying opportunity for investors [12] - Despite a price-to-sales ratio of 8, the stock is considered a high-growth investment with significant future potential, justifying a premium [13]

Group 1 - Global-e Online Ltd. reported $145.87 million in revenue for Q1 2024, a 24% year-over-year increase, with an EPS of -$0.19 compared to -$0.26 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $142.23 million by 2.56%, while the EPS surprise was 13.64% above the consensus estimate of -$0.22 [1] - The stock has returned -11.7% over the past month, contrasting with the Zacks S&P 500 composite's +5.8% change, and currently holds a Zacks Rank 3 (Hold) [3] Group 2 - Gross Merchandise Value reached $929.51 million, surpassing the average estimate of $899.1 million from three analysts [4] - Revenue from Fulfillment services was $77.62 million, exceeding the average estimate of $75.12 million from four analysts, representing a 15.4% year-over-year change [4] - Revenue from Service fees was $68.26 million, compared to the average estimate of $67.11 million from four analysts, indicating a year-over-year increase of 35.6% [4]

Core Viewpoint - Wall Street analysts predict that Global-e Online Ltd. (GLBE) will report a quarterly loss of $0.23 per share, reflecting an 11.5% year-over-year increase, with revenues expected to reach $142.23 million, a 20.9% increase compared to the same quarter last year [1]. Financial Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of initial projections by covering analysts [2]. - Analysts project 'Revenue by Category - Fulfillment services' to be $75.12 million, representing an 11.7% increase from the year-ago quarter [5]. - The estimate for 'Revenue by Category - Service fees' is $67.11 million, indicating a significant 33.3% increase from the prior-year quarter [5]. - The projected 'Gross Merchandise Value' is expected to reach $899.10 million, up from $703.9 million reported in the same quarter last year [6]. Market Performance - Over the past month, shares of Global-e Online have decreased by 12.2%, while the Zacks S&P 500 composite has increased by 2.5% [6]. - Currently, GLBE holds a Zacks Rank 3 (Hold), suggesting that its performance may align with the overall market in the near future [6].

PETAH-TIKVA, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the leader of global Direct-To-Consumer ecommerce enablement, today announced it will report financial results for the first quarter ended March 31, 2024, before market open on Monday, May 20, 2024. Global-e management will host a conference call to review its financial results and outlook. Date: Monday, May 20, 2024 Time: 8:00 a.m. ET United States/Canada Toll Free: 1-888-886-7786 International Toll: +1-416-764-8658 P ...

PETAH-TIKVA, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the leader of global Direct-To-Consumer ecommerce enablement, today announced it will report financial results for the first quarter ended March 31, 2024, before market open on Monday, May 20, 2024. Global-e management will host a conference call to review its financial results and outlook. Date:Monday, May 20, 2024Time:8:00 a.m. ETUnited States/Canada Toll Free:1-888-886-7786International Toll:+1-416-764-8658   Please ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...

Exhibit 99.1 Global-E Reports Fourth Quarter and Full Year 2023 Results PETAH-TIKVA, Israel, February 21st , 2024 - Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today announced financial results for the fourth quarter of 2023 and full year 2023 as well as outlook for the first quarter and the full year 2024. "We are pleased with the record fourth quarter and full year results, delivering 45% annual growth in GMV, 39% growth in revenues, and 9 ...

[Financial & Business Highlights](index=1&type=section&id=Financial%20%26%20Business%20Highlights) Global-e reported strong Q3 2023 results, showing significant growth in GMV, revenue, and Adjusted EBITDA, alongside key business developments Q3 2023 Financial Highlights (YoY) | Metric | Q3 2023 | Q3 2022 | % Change | | :--- | :--- | :--- | :--- | | GMV | $839 million | - | 35% | | Revenue | $133.6 million | - | 27% | | Non-GAAP Gross Profit | $59.3 million | - | 36% | | Non-GAAP Gross Margin | 44.4% | 41.5% | +290 bps | | Adjusted EBITDA | $22.1 million | $12.5 million | 76% | | Net Loss (GAAP) | ($33.1 million) | - | - | - The CEO attributed the strong results to the robustness of the business model and highlighted the immense greenfield opportunity ahead, particularly with the launch of Shopify Markets Pro[4](index=4&type=chunk) - Key business developments in Q3 2023 included **new merchant onboarding** (Ted Baker, Tory Burch), **expanded partnerships** (LVMH, Richemont), **Shopify Markets Pro general availability** in the US, and a **new integration with Wix Commerce**[7](index=7&type=chunk) [Financial Outlook](index=2&type=section&id=Q4%20and%20Full%20Year%20Outlook) Global-e provided financial guidance for Q4 and updated its full-year 2023 outlook, projecting GMV, revenue, and an upwardly revised Adjusted EBITDA Q4 2023 and Full Year 2023 Guidance (in millions) | Metric | Q4 2023 Guidance | FY 2023 Guidance | Previous FY 2023 Guidance | | :--- | :--- | :--- | :--- | | GMV | $1,125 - $1,175 | $3,493 - $3,543 | $3,480 - $3,640 | | Revenue | $178 - $186 | $563 - $571 | $570 - $596 | | Adjusted EBITDA | $31.5 - $36.5 | $89.1 - $94.1 | $85 - $93 | [Financial Statements](index=5&type=section&id=Financial%20Statements) The consolidated financial statements detail Global-e's financial position and performance, showing total assets of $1.12 billion and a Q3 net loss of $33.1 million [Consolidated Balance Sheets](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) Global-e's balance sheet as of September 30, 2023, reported total assets of $1.12 billion, with liabilities at $210.3 million and equity at $908.2 million Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2023 (Unaudited) | Dec 31, 2022 (Audited) | | :--- | :--- | :--- | | Cash and cash equivalents | $145,824 | $165,033 | | Total current assets | $400,581 | $374,652 | | Total assets | $1,118,468 | $1,162,600 | | Total current liabilities | $188,600 | $209,580 | | Total liabilities | $210,299 | $234,479 | | Total shareholders' equity | $908,169 | $928,121 | [Consolidated Statements of Operations](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For Q3 2023, Global-e reported a 27% revenue increase to $133.6 million, gross profit growth to $56.5 million, and a narrowed net loss of $33.1 million Statement of Operations Highlights (in thousands, except per share data) | Metric | Q3 2023 (Unaudited) | Q3 2022 (Unaudited) | Nine Months 2023 (Unaudited) | Nine Months 2022 (Unaudited) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $133,605 | $105,556 | $384,545 | $269,184 | | Gross Profit | $56,516 | $40,802 | $157,282 | $102,336 | | Operating Loss | ($35,601) | ($53,231) | ($114,004) | ($154,217) | | Net Loss | ($33,091) | ($64,551) | ($111,707) | ($166,934) | | Net Loss Per Share | ($0.20) | ($0.41) | ($0.68) | ($1.07) | [Consolidated Statements of Cash Flows](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the nine months ended September 30, 2023, net cash from operating activities was $14.7 million, with net cash used in investing activities significantly lower at $44.3 million Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Cash Flow Activity | 2023 (Unaudited) | 2022 (Unaudited) | | :--- | :--- | :--- | | Net cash provided by operating activities | $14,728 | $32,055 | | Net cash used in investing activities | ($44,336) | ($343,901) | | Net cash provided by financing activities | $1,747 | $1,097 | | Net decrease in cash | ($28,971) | ($322,043) | | Cash at end of period | $182,551 | $136,856 | [Key Metrics and Non-GAAP Reconciliations](index=8&type=section&id=Key%20Metrics%20and%20Non-GAAP%20Reconciliations) This section details key operating metrics, including a 35% GMV growth and 50% revenue from US merchants, alongside reconciliations to non-GAAP measures like gross profit and Adjusted EBITDA [Key Performance Metrics & Revenue Breakdown](index=8&type=section&id=Key%20Performance%20Metrics%20%26%20Revenue%20Breakdown) In Q3 2023, GMV increased 35% to $839.1 million, with fulfillment services accounting for 53% of revenue and US-based merchants contributing 50% of total revenue Key Performance Metrics (in thousands) | Metric | Q3 2023 | Q3 2022 | | :--- | :--- | :--- | | Gross Merchandise Value | $839,056 | $621,011 | | Adjusted EBITDA | $22,093 | $12,537 | Revenue by Merchant Outbound Region (Q3) | Region | 2023 Revenue % | 2022 Revenue % | | :--- | :--- | :--- | | United States | 50% | 46% | | United Kingdom | 31% | 34% | | European Union | 16% | 17% | | Other | 3% | 3% | [Non-GAAP Reconciliations](index=9&type=section&id=Non-GAAP%20Reconciliations) The company provides reconciliations from GAAP to non-GAAP measures, showing Q3 2023 Non-GAAP gross profit of $59.3 million and Adjusted EBITDA of $22.1 million after various adjustments Reconciliation to Non-GAAP Gross Profit (Q3, in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Gross Profit (GAAP) | $56,516 | $40,802 | | Amortization of acquired intangibles | $2,796 | $2,951 | | **Non-GAAP gross profit** | **$59,312** | **$43,753** | Reconciliation to Adjusted EBITDA (Q3, in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Operating loss (GAAP) | ($35,601) | ($53,231) | | Stock-based compensation | $11,716 | $9,025 | | Commercial agreement asset amortization | $37,433 | $37,432 | | Amortization of acquired intangibles | $5,092 | $8,695 | | Other adjustments | $3,453 | $10,195 | | **Adjusted EBITDA** | **$22,093** | **$12,537** | [Supplementary Information](index=2&type=section&id=Supplementary%20Information) This section provides administrative and legal information, including non-GAAP measure definitions, a safe harbor statement, and a corporate overview of Global-e's leading cross-border e-commerce platform - The company uses non-GAAP measures such as **Non-GAAP gross profit** and **Adjusted EBITDA** to assess performance, evaluate business strategies, and communicate with its board[12](index=12&type=chunk)[16](index=16&type=chunk) - The report contains forward-looking statements subject to risks and uncertainties, and readers are cautioned not to put undue reliance on these statements[17](index=17&type=chunk) - Global-e is the **world's leading platform for D2C cross-border e-commerce**, enabling **over 1,000 brands** to sell internationally by providing a seamless, localized shopping experience in **over 200 destinations**[18](index=18&type=chunk)

Global-e Online Ltd. (NASDAQ:GLBE) Q2 2023 Earnings Call Transcript August 8, 2023 8:00 AM ET Company Participants Erica Mannion - Sapphire, IR Amir Schlachet - Co-Founder, CEO Ofer Koren - CFO Nir Debbi - Co-Founder, President Conference Call Participants Brian Peterson - Raymond James Brent Bracelin - Piper Sandler Samad Samana - Jefferies James Faucette - Morgan Stanley Scott Berg - Needham Madison Schrage - KeyBanc Matt Code - Autonomous Research Mark Zgutowicz - Benchmark Operator Welcome to the Global ...