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Dec 31, 2024
GigaCloud Q4 2024 Earnings Report
GigaCloud reported strong revenue growth in Q4 2024 but faced margin pressure.
Key Takeaways
GigaCloud Technology Inc. posted total revenues of $295.8 million in Q4 2024, a 20.9% increase year-over-year. However, net income declined by 12.9% to $31.0 million, and gross profit fell 6.9% due to a lower gross margin of 22.0%. Adjusted EPS decreased by 29.9% to $0.75, highlighting profitability challenges despite strong top-line growth.
Total revenue increased 20.9% year-over-year to $295.8 million.
Net income declined 12.9% to $31.0 million, with a 10.5% net income margin.
Gross profit fell 6.9% as gross margin dropped from 28.5% to 22.0%.
Cash and cash equivalents increased 64.5% to $303.1 million.
Revenue by Segment
Forward Guidance
GigaCloud expects Q1 2025 revenue between $250M and $265M, reflecting cautious optimism amid market uncertainties.
Positive Outlook
- Projected Q1 2025 revenue of $250M–$265M, indicating continued growth.
- Strong cash position of $303.1M, providing financial flexibility.
- GigaCloud Marketplace GMV growth of 68.9% year-over-year.
- Increasing adoption of Supplier Fulfilled Retail model driving engagement.
- Strategic investments in global expansion expected to enhance revenue streams.
Challenges Ahead
- Declining gross margins may continue impacting profitability.
- Adjusted EBITDA fell 29.5% year-over-year, signaling cost pressures.
- Macroeconomic uncertainties could affect demand in key markets.
- Competition in cross-border B2B e-commerce remains strong.
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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