secwatch.observer — SEC 8-K summary
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Issuer:     GigaCloud Technology Inc (GCT)
CIK:        0001857816
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001857816-24-000179
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigaCloud Q2 revenue doubles to $310.9M, adjusted EPS $1.03 beats year ago $0.61
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000179/0001857816-24-000179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857816/000185781624000179/gct-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001857816-24-000179

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