earnings
confidence high
sentiment positive
materiality 0.75
GigaCloud Q2 revenue doubles to $310.9M, adjusted EPS $1.03 beats year ago $0.61
GigaCloud Technology Inc
2024-Q2 EPS reported
$1.32
revenue$561,944,000
- Total revenues $310.9M, up 103.1% YoY; net income $27.0M, up 46.7%.
- Adjusted EBITDA $42.7M, up 71.5%; adjusted diluted EPS $1.03, up 68.9%.
- GigaCloud Marketplace GMV $1,097.8M in trailing 12 months, up 80.7%.
- Active buyers grew 66.8% to 7,257; spend per active buyer up 8.3% to $151,276.
- Q3 2024 revenue guidance $266M-$282M; BaaS pilot underway.