Global-E(GLBE)

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Global-E(GLBE) - 2023 Q2 - Quarterly Report
2023-05-21 16:00
Exhibit 99.1 Global-e Reports First Quarter 2023 Results PETAH-TIKVA, Israel, May 22, 2023 - Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border eCommerce enablement, today reported financial results for the first quarter of 2023. "The Global-e team is off to a great start for the year, with very strong performance across the board, many new merchants going live all around the globe, and many existing merchants expanding their business with us," said Amir Schlachet, Foun ...
Global-E(GLBE) - 2022 Q4 - Annual Report
2023-03-30 16:00
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, 2022 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 ...
Global-E(GLBE) - 2022 Q4 - Earnings Call Transcript
2023-02-22 15:52
Global-e Online Ltd. (NASDAQ:GLBE) Q4 2022 Earnings Conference Call February 22, 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 Will Nance - Goldman Sachs James Faucette - Morgan Stanley Koji Ikeda - Bank of America Samad Samana - Jefferies Scott Berg - Needham & Company Brent Bracelin - Piper Sandler Brian Peterson - Raymond James Josh Beck - KeyBanc Matt Code - Autonomous Res ...
Global-E(GLBE) - 2023 Q1 - Quarterly Report
2023-02-21 16:00
Financial Performance - Q4 2022 GMV was $839 million, a 66% year-over-year increase[7] - Q4 2022 revenue reached $139.9 million, up 69% year-over-year, with service fees at $62.8 million and fulfillment services at $77 million[7] - Full year 2022 GMV totaled $2,450 million, reflecting a 69% year-over-year growth[7] - Full year 2022 revenue was $409.0 million, a 67% increase year-over-year, with service fees at $181.9 million and fulfillment services at $227.1 million[7] - Q1 2023 GMV guidance is projected between $645 million and $675 million, while FY 2023 GMV is expected to be between $3,360 million and $3,520 million[9] - Q1 2023 revenue guidance is set between $108 million and $114 million, with FY 2023 revenue expected to be between $557 million and $584 million[9] - Total revenue for the year ended December 31, 2022, increased to $409,049 thousand, up 67% from $245,274 thousand in 2021[26] - Gross profit for the year ended December 31, 2022, was $158,178 thousand, representing a 73% increase from $91,433 thousand in 2021[26] - The company reported a significant increase in service fees revenue, contributing 44% of total revenue in 2022, compared to 39% in 2021[30] - The United States accounted for 43% of total revenue in 2022, up from 29% in 2021, indicating strong market expansion[30] Expenses and Losses - Operating expenses for the year ended December 31, 2022, totaled $347,502 thousand, up 109% from $157,091 thousand in 2021[26] - Net loss attributable to ordinary shareholders for the year ended December 31, 2022, was $195,405 thousand, compared to a loss of $74,933 thousand in 2021[26] - Total operating loss for the year ended December 31, 2022, was $(189,324) thousand, compared to $(65,658) thousand for the year ended December 31, 2021, indicating a decline of 187.5%[34] - Operating loss for Q4 2022 was $(35,107) thousand, compared to $(22,190) thousand in Q4 2021, indicating a decline of 58.5%[34] Adjusted EBITDA - Adjusted EBITDA for Q4 2022 was $21.8 million, compared to $11.8 million in Q4 2021[7] - Adjusted EBITDA improved to $21,755 thousand in Q4 2022, compared to $11,829 thousand in Q4 2021, reflecting a growth of 83.5%[34] - Adjusted EBITDA for the year ended December 31, 2022, was $48,703 thousand, an increase from $32,424 thousand in 2021[30] Cash and Assets - Cash and cash equivalents decreased to $211,522 thousand as of December 31, 2022, from $458,899 thousand at the end of 2021[28] - Total current assets decreased to $374,652 thousand in 2022 from $622,460 thousand in 2021, reflecting a shift in asset management[24] Market and Strategic Developments - US outbound sales increased by 163% in Q4 2022 year-over-year, driven by market penetration[11] - The strategic partnership with Shopify is progressing well, with new integrations and trials underway[11] Stock-Based Compensation and Expenses - Total stock-based compensation increased to $9,112 thousand in Q4 2022 from $3,919 thousand in Q4 2021, representing a growth of 132.5%[34] - Research and development expenses rose significantly to $5,855 thousand in Q4 2022, up from $1,873 thousand in Q4 2021, an increase of 212.5%[34] - General and administrative expenses increased to $2,497 thousand in Q4 2022, up from $1,440 thousand in Q4 2021, an increase of 73.5%[34] - Depreciation and amortization expenses rose to $570 thousand in Q4 2022 from $121 thousand in Q4 2021, an increase of 370.2%[34] Amortization and Costs - Amortization of acquired intangibles for the year ended December 31, 2022, was $27,833 thousand, compared to $0 for the year ended December 31, 2021[34] - Commercial agreement asset amortization increased to $37,433 thousand in Q4 2022 from $29,406 thousand in Q4 2021, a rise of 27.5%[34] - Merger and acquisition related costs decreased to $126 thousand in Q4 2022 from $573 thousand in Q4 2021, a decline of 78.0%[34]
Global-E(GLBE) - 2022 Q3 - Earnings Call Transcript
2022-11-17 04:07
Global-e Online Ltd. (NASDAQ:GLBE) Q3 2022 Earnings Conference Call November 17, 2022 4:30 PM ET Company Representatives Amir Schlachet - Co-Founder, Chief Executive Officer Ofer Koren - Chief Financial Officer Nir Debbi - Co-Founder, President Erica Mannion - Sapphire Investor Relations Conference Call Participants Samad Samana - Jefferies Will Nance - Goldman Sachs James Faucette - Morgan Stanley Koji Ikeda - Bank of America Josh Beck - KeyBanc Pat Walravens - JMP Securities Scott Berg - Needham & Company ...
Global-E(GLBE) - 2022 Q3 - Quarterly Report
2022-11-16 16:00
Exhibit 99.1 Global-e Reports Third Quarter 2022 Results PETAH-TIKVA, Israel, November 16th, 2022 - Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today reported financial results for the third quarter of 2022. "We are very pleased with the strong results we are reporting to you today for the third quarter of the year, with almost 80% growth in revenues, many new marquee clients and major advancements across all our areas of activity," said Ami ...
Global-E(GLBE) - 2022 Q2 - Earnings Call Transcript
2022-08-16 18:01
Global-E Online Ltd. (NASDAQ:GLBE) Q2 2022 Earnings Conference Call August 16, 2022 8:00 AM ET Company Participants Erica Mannion - Investor Relations, Sapphire Investor Relations Nir Debbi - Co-Founder and President Ofer Koren - Chief Financial Officer Conference Call Participants Will Nance - Goldman Sachs Josh Beck - KeyBanc Capital Markets Samad Samana - Jefferies Koji Ikeda - Bank of America Sandy Beatty - Morgan Stanley Alex Sklar - Raymond James Scott Berg - Needham & Company Pat Walravens - JMP Secu ...
Global-E(GLBE) - 2022 Q2 - Quarterly Report
2022-08-15 16:00
Exhibit 99.1 Global-e Reports Second Quarter 2022 Results PETAH-TIKVA, Israel, August 16, 2022 - Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border eCommerce enablement, today reported financial results for the second quarter of 2022. "The record results we are publishing today for the second quarter of 2022, together with the updated guidance for the third quarter and full year, illustrate the continued momentum of our business, as evident from top-line growth, improve ...
Global-E(GLBE) - 2022 Q1 - Earnings Call Transcript
2022-05-17 03:40
Global-E Online Ltd. (NASDAQ:GLBE) Q1 2022 Results Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Erica Mannion - Investor Relations, Sapphire Investor Relations Amir Schlachet - Co-Founder and Chief Executive Officer Ofer Koren - Chief Financial Officer Nir Debbi - Co-Founder and President Conference Call Participants Will Nance - Goldman Sachs James Faucette - Morgan Stanley Samad Samana - Jefferies Koji Ikeda - Bank of America Securities Brent Bracelin - Piper Sandler Patrick Walra ...
Global-E(GLBE) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
Exhibit 99.1 Global-e Reports First Quarter 2022 Results PETAH-TIKVA, Israel, May 16, 2022 - Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border eCommerce enablement, today reported financial results for the first quarter of 2022. "The strength of our business model, as well as the huge market potential ahead of us, are reflected in the strong Q1 results we are reporting today" said Amir Schlachet, Founder and CEO of Global-e. "The business is performing well across all ...