Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 24-30 Ice House Street Unit A, 12/F, Shun Ho Tower - |
Tel: | N/A |
Website: | https://www.gigacloudtech.com |
IR: | See website |
Key People | ||
Lei Wu Chairman of the Board, Chief Executive Officer, Founder | Kwok Hei Lau Chief Financial Officer | Xin Wan Chief Technology Officer, Director |
Business Overview |
GigaCloud Technology Inc is a holding company mainly engaged in the business to business (B2B) electronic commerce (e-commerce) business for large parcel merchandise. The Company is engaged in the operation of e-commerce platform named GigaCloud Marketplace which integrates product discovery, payments, and logistics tools. The Company' business areas include global furniture markets, home appliances, fitness equipment and others. In addition, the Company is engaged in the operation of warehouses. The Company also sells its products through third-party e-commerce websites. |
Financial Overview |
For the three months ended 31 March 2024, GigaCloud Technology Inc revenues increased 96% to $251.1M. Net income increased 71% to $27.2M. Revenues reflect Product revenues increase of 98% to $183.7M, Service revenues increase of 92% to $67.4M. Net income was partially offset by General and administrative expenses increase from $4.2M to $15.4M (expense), Selling and marketing expenses increase from $6.9M to $14.6M (expense). |
Employees: | 1,362 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,271M as of Mar 31, 2024 |
Annual revenue (TTM): | $827.11M as of Mar 31, 2024 |
EBITDA (TTM): | $134.99M as of Mar 31, 2024 |
Net annual income (TTM): | $105.36M as of Mar 31, 2024 |
Free cash flow (TTM): | $120.18M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 40,990,115 as of Apr 23, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |