secwatch.observer — SEC 8-K summary
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Issuer:     GigaCloud Technology Inc (GCT)
CIK:        0001857816
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001857816-24-000126
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigaCloud Q1 revenue jumps 96.5% to $251.1M; guides Q2 revenue $265-280M
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- Revenue $251.1M (+96.5% YoY); net income $27.2M (+71.1%); diluted EPS $0.66 (+69.2%).
- Gross margin 26.5% (+340 bps YoY); adjusted EBITDA $34.5M (+74.2%); adjusted EPS $0.84 (+71.4%).
- Marketplace GMV $907.7M (+64%); 3P GMV $489.9M (+71.8%); active 3P sellers 865 (+43.7%).
- Q2 2024 revenue guidance $265-280M, reflecting current market and operational conditions.
- Launched Branding-as-a-Service (BaaS) leveraging Christopher Knight Home brand for sellers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/0001857816-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/gct-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001857816-24-000126

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