Redefining Sales Enablement for Suppliers and Retail Sales Associates in the Brick-and-Mortar Market Ashley Furniture Leads as First Adopter EL MONTE, Calif., March 10, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that its subsidiary, Apexis, Inc., has launched the Wonder App—a mobile-first, lightweight sales acceleration platform designed for brick-and-mortar commerce.
Today, we bought GigaCloud Technology Inc. stock at $13.75, increasing our position by 33%, confident despite margin compression, and expecting a rebound. Solid revenue growth with total revenues at $295.8 million, up 21% from last year, surpassing consensus by $7.5 million. Margin erosion was the most bearish point; gross profit decreased 7%, and gross margin fell to 22.0%, but we expect a margin rebound later this year.
GigaCloud Technology Inc. investors face another moment of reckoning, as its growth has clearly peaked. Q1 outlook is weak, with flat year on year growth, suggesting several headwinds have finally caught up. While GCT seems cheap, a lack of near-term growth catalysts while navigating the worsening trade war doesn't provide sufficient confidence.
GigaCloud Technology, Inc. (NASDAQ:GCT ) Q4 2024 Earnings Conference Call March 3, 2025 5:30 PM ET Company Participants Larry Wu - Founder, Chairman, Director & CEO Iman Schrock - President Erica Wei - CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Matt Koranda - ROTH Capital Thomas Forte - Maxim Group Operator Welcome to GigaCloud Technologies Fourth Quarter and Year End 2024 Earnings Conference Call. Joining us today from GigaCloud are the company's Founder, Chairman and CEO, Larry Wu; its President, Dr. Iman Shrock; and its Chief Financial Officer, Erica Wei.
GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.87 per share a year ago.
EL MONTE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, including a milestone achievement of surpassing $1 billion in total annual revenues for the first time in 2024, and continued robust growth in GigaCloud Marketplace GMV.
GCT's fourth-quarter 2024 earnings and revenues are likely to increase year over year.
Here, we present some insights into GCT's recent performance, market trends, and potential trajectory and discuss whether the stock is worth investing in.
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Despite a 50% stock decline, I remain bullish on GigaCloud Technology due to strong business performance and tempting valuation. GCT's Q3 results showed 70% revenue growth and a 47% EPS beat, driven by an 80% YoY increase in Marketplace GMV. Insider buying and a $46 million share repurchase program signal confidence in GCT's undervaluation and potential for a significant upside.