GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2024 Financial Results
GigaCloud Technology Inc (GCT)
Company Research
Source: GlobeNewswire
EL MONTE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the third quarter and nine months ended September 30, 2024, including strong growth in revenues, gross profit, net income, and adjusted EBITDA over the comparable period last year. Third Quarter 2024 Financial Highlights Total revenues of $303.3 million increased 70.2% from $178.2 million for the third quarter of 2023.Gross profit of $77.3 million increased 58.1% from $48.9 million for the third quarter of 2023. Gross margin was 25.5%, compared with 27.4% for the third quarter of 2023.Net income of $40.7 million increased 68.2% from $24.2 million for the third quarter of 2023.Net income margin was 13.4%, compared with 13.6% for the third quarter of 2023. Diluted EPS increased 66.1% to $0.98, from $0.59 for the third quarter of 20
Show less
Read more
Impact Snapshot
Event Time:
GCT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GCT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GCT alerts
High impacting GigaCloud Technology Inc news events
Weekly update
A roundup of the hottest topics
GCT
News
- GigaCloud Technology Inc Ranked No. 1 on Forbes' List of ‘America's Most Successful Small-Cap Companies 2025' [Yahoo! Finance]Yahoo! Finance
- GigaCloud Technology Inc Ranked No. 1 on Forbes’ List of ‘America’s Most Successful Small-Cap Companies 2025’GlobeNewswire
- Is GigaCloud Technology (GCT) the Best Multibagger Stock to Buy Heading into 2025? [Yahoo! Finance]Yahoo! Finance
- GigaCloud Technology Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- GigaCloud Technology Inc Welcomes Industry Veteran Marshall Bernes to BoardGlobeNewswire
GCT
Earnings
- 11/7/24 - Beat
GCT
Sec Filings
- 11/21/24 - Form 3
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- GCT's page on the SEC website