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Dec 31, 2023
GigaCloud Q4 2023 Earnings Report
Achieved record profitability and revenue growth, with revenues up 94.8% year-over-year.
Key Takeaways
GigaCloud Technology Inc. reported a strong fourth quarter in 2023, marked by record profitability and significant revenue growth. Total revenues increased by 94.8% compared to the same period in 2022, reaching $244.7 million. Net income also saw a substantial increase of 184.8%, amounting to $35.6 million, and gross profit increased by 161.4% to $69.8 million.
Total revenues increased by 94.8% to $244.7 million compared to Q4 2022.
Gross profit increased by 161.4% to $69.8 million compared to Q4 2022, with gross margin increasing to 28.5%.
Net income increased by 184.8% to $35.6 million compared to Q4 2022, with net income margin increasing to 14.5%.
Adjusted EBITDA increased by 188.2% to $43.8 million compared to Q4 2022.
Revenue by Segment
Forward Guidance
The Company expects its total revenues to be between $230 million and $240 million in the first quarter of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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