GigaCloud Technology Inc Announces Fourth Quarter 2023 and Year Ended December 31, 2023 Financial Results
GigaCloud Technology Inc (GCT)
Company Research
Source: GlobeNewswire
EL MONTE, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced its unaudited financial results for the quarter and the fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenues were $244.7 million in the fourth quarter of 2023, an increase of 94.8% from $125.6 million in the fourth quarter of 2022.Gross profit was $69.8 million in the fourth quarter of 2023, an increase of 161.4% from $26.7 million in the fourth quarter of 2022. Gross margin increased to 28.5% in the fourth quarter of 2023 from 21.2% in the fourth quarter of 2022.Net income was $35.6 million in the fourth quarter of 2023, an increase of 184.8% from $12.5 million in the fourth quarter of 2022. Net income margin increased to 14.5% in the fourth quarter of 2023 from 9.9% in the fourth quarter of 2022.Cash was $183.
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- GigaCloud Technology Inc Expands Global Fulfillment Network to Support Continued Growth of Its B2B Marketplace [Yahoo! Finance]Yahoo! Finance
- GigaCloud Technology Inc Expands Global Fulfillment Network to Support Continued Growth of Its B2B MarketplaceGlobeNewswire
GCT
Earnings
- 3/15/24 - Beat
GCT
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 4
- 4/29/24 - Form 4
- GCT's page on the SEC website