GigaCloud(GCT) - 2024 Q2 - Earnings Call Presentation

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]