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GigaCloud Technology, Inc. Class A (GCT)
NASDAQ:GCT
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.81Last Year’s EPS
$0.87Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -27.92%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust growth in GMV and strong financial health with record-breaking net income and EBITDA. Expansion efforts in Europe and a successful share repurchase program further back the positive outlook. However, challenges such as decreased average buyer spending, margin compression, and ongoing integration issues with Noble House present hurdles to overcome.Company Guidance
During the GigaCloud Technology Q3 2024 earnings call, several key metrics and strategic initiatives were highlighted. The company reported a 70% increase in total revenues reaching $303 million, driven by significant growth in their marketplace GMV, which rose by over 80% year-over-year. The company also achieved a new record high in net income, growing more than 68% year-over-year to $41 million, and adjusted EBITDA improved nearly 64% to $49 million. The GigaCloud Marketplace saw an increase in active 3P sellers, crossing the 1,000 mark to 1,051, and an active buyer base growth to 8,535. The acquisition of Noble House is on track to reach breakeven by the end of the year, contributing 15-20% to product revenue. The company also authorized a $46 million share repurchase program, with $11.4 million worth of shares already repurchased. GigaCloud maintained a strong balance sheet with no debt, positive cash flow from operations, and liquidity of approximately $260 million. Additionally, the company highlighted their strategic focus, including geographical expansion, enhancing Wondersign technology, and managing potential tariff impacts through supply chain diversification. The outlook for Q4 predicts total revenues between $275 million and $290 million, considering potential holiday season margin impacts.Record High Net Income and Adjusted EBITDA
Achieved new record high in net income and adjusted EBITDA despite industry headwinds.
Strong Growth in European Market
Revenue from Europe grew organically by 140% year-over-year for Q3, highlighting strong market expansion efforts.
Significant Increase in Marketplace GMV
GigaCloud Marketplace GMV increased by more than 80% year-over-year, with 72% growth in GMV from the 3P seller marketplace.
Successful Share Repurchase Program
Authorized a $46 million share repurchase program, buying back approximately 467,000 Class A shares at $11.4 million.
Strong Financial Position
Maintained a strong balance sheet with no debt and positive cash flow from operations.
Expansion of Seller and Buyer Base
Reached over 1,000 active 3P sellers and 8,535 active buyers, reflecting platform momentum.
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GigaCloud Technology, Inc. Class A (GCT) Earnings, Revenues Date & History
GCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $23.82 | $27.93 | +17.25% |
| Aug 06, 2024 | $25.54 | $23.11 | -9.51% |
| May 09, 2024 | $39.14 | $39.72 | +1.48% |
| Mar 15, 2024 | $34.99 | $43.15 | +23.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GigaCloud Technology, Inc. Class A (GCT) report earnings?
GigaCloud Technology, Inc. Class A (GCT) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is GigaCloud Technology, Inc. Class A (GCT) earnings time?
GigaCloud Technology, Inc. Class A (GCT) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GCT EPS forecast?
GCT EPS forecast for the fiscal quarter 2024 (Q4) is $0.81.
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