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
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GCT
Earnings
- 11/7/24 - Beat
GCT
Sec Filings
- 11/8/24 - Form 144
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- GCT's page on the SEC website