GigaCloud Technology Inc (OQ:GCT)

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
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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

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