Why Global-e Online Stock Fell Today [Yahoo! Finance]
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: Yahoo! Finance
On Global-e's record quarter despite macro uncertainty Global-e's results looked decent at a glance: Fourth-quarter 2023 revenue grew 33% year over year to $185.4 million, translating to a net loss of $22.1 million, or $0.13 per share (narrowed from a loss of $0.18 per share in the same year-ago period). Most analysts were modeling roughly the same net loss on lower revenue of $182 million. Global-e CEO Amir Schlachet said he was "pleased" with the quarter, noting the company drove a 42% increase in gross merchandise volume (GMV) to $1.189 billion. Global-e also saw adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soar 61% year over year during the quarter to $35.2 million. "Despite the volatility in consumer sentiment we witnessed in 2023 and the prevailing uncertainties in macro conditions entering 2024, we remain extremely optimistic regarding our long-term growth prospects and believe we are well positioned to continue on our path of durable
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GLBE
News
- What Is Global-E Online Ltd.'s (NASDAQ:GLBE) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Global-E Online Ltd. (NASDAQ: GLBE) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $48.00 price target on the stock.MarketBeat
- Global-e Online Ltd. (NASDAQ: GLBE) had its "overweight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $40.00 price target on the stock.MarketBeat
- Global-e Announces Filing of Form 20-F for the Fiscal Year Ended December 31, 2023GlobeNewswire
- Global-e Online: Cross-Border E-Commerce Growth To Sustain Demand [Seeking Alpha]Seeking Alpha
GLBE
Earnings
- 2/21/24 - In-Line
GLBE
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 144
- 4/2/24 - Form 144
- GLBE's page on the SEC website