secwatch.observer — SEC 8-K summary
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Issuer:     GigaCloud Technology Inc (GCT)
CIK:        0001857816
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001857816-24-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigaCloud Q4 revenue up 94.8% YoY to $244.7M; net income $35.6M (+184.8%)
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- Full-year 2023 revenue $703.8M (+43.6%); net income $94.1M (+292.1%); adjusted EBITDA $118.3M (+183.0%).
- Completed acquisitions of Noble House ($77.6M) and Wondersign ($10M) in Q4; added 2.4M sq ft U.S. warehousing.
- March 9 warehouse fire in Japan; estimated $1.8M inventory loss, fully insured; operations shifted to other warehouses.
- Q1 2024 revenue guidance $230-240M; share repurchase program $25M, $1.6M used through Dec 31, 2023.
- Active 3P sellers rose 45.5% to 815; Marketplace GMV $794.4M (+53.3%) in trailing 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000046/0001857816-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000046/gct-20240315.htm
  HTML page:      https://secwatch.observer/filing/0001857816-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer