GigaCloud Technology Non-GAAP EPS of $1.15 beats by $0.48, revenue of $303.32M beats by $22.62M
seekingalpha
08 Nov 2024
GigaCloud Technology press release (NASDAQ:GCT): Q3 Non-GAAP EPS of $1.15 beats by $0.48.
Revenue of $303.32M (+70.2% Y/Y) beats by $22.62M.
GigaCloud Marketplace GMV3 increased 80.2% to $1,233.6 million for the 12 months ended September 30, 2024, from $684.7 million for the same period of 2023.
3P seller GigaCloud Marketplace GMV4 increased 72.0% to $635.5 million for the 12 months ended September 30, 2024, from $369.5 million for the same period of 2023. 3P seller GigaCloud Marketplace GMV represented 51.5% of total GigaCloud Marketplace GMV for the 12 months ended September 30, 2024, compared with 54.0% for the same period of 2023.
Active 3P sellers5 increased 41.8% to 1,051 for the 12 months ended September 30, 2024, from 741 for the same period of 2023.
Active buyers6 increased 85.5% to 8,535 for the 12 months ended September 30, 2024, from 4,602 for the same period of 2023.
Spend per active buyer7 was $144,534 for the 12 months ended September 30, 2024, compared with $148,793 for the same period of 2023.
The Company expects its total revenues to be between $275 million and $290 million vs. consensus of $324.95M in the fourth quarter of 2024
Shares +4.16%.
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