GigaCloud Technology, Inc. Class A ( (GCT) ) just unveiled an announcement.
On February 26, 2025, GigaCloud Technology Inc appointed Ms. Xiaoyang Wei as Chief Financial Officer, following her interim role since August 2024. The company reported record revenues surpassing $1 billion in 2024, with significant growth in its GigaCloud Marketplace GMV. Despite a challenging macroeconomic environment, GigaCloud achieved a 65% increase in total revenues year-over-year, driven by its Supplier Fulfilled Retail model and global expansion, particularly in Europe. The company also executed a share repurchase program, enhancing shareholder value.
More about GigaCloud Technology, Inc. Class A
GigaCloud Technology Inc is a pioneer in global end-to-end B2B ecommerce technology solutions, focusing on large parcel merchandise. The company’s platform, GigaCloud Marketplace, connects manufacturers in Asia with resellers in the U.S., Asia, and Europe, facilitating cross-border transactions with integrated discovery, payments, and logistics tools.
YTD Price Performance: -11.18%
Average Trading Volume: 1,083,403
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $693.7M
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