Welcome to our dedicated page for Gigacloud Tech news (Ticker: GCT), a resource for investors and traders seeking the latest updates and insights on Gigacloud Tech stock.
Gigacloud Tech (GCT) operates a global B2B e-commerce platform specializing in large parcel merchandise, connecting Asian manufacturers with international resellers through integrated discovery, payment, and logistics solutions. This page aggregates official announcements and verified news about the company's marketplace operations, strategic partnerships, and technological developments.
Investors and business professionals will find timely updates on earnings reports, supply chain innovations, and cross-border trade initiatives. The curated collection includes press releases about warehouse network expansions, platform feature enhancements, and key partnership agreements within the global e-commerce sector.
All content undergoes verification to ensure accuracy and relevance to GCT's core operations in B2B technology solutions. Users can expect updates covering operational milestones, financial disclosures, and industry-specific developments related to large-parcel logistics and digital marketplace trends.
Bookmark this page for streamlined access to critical updates about GCT's evolving role in global e-commerce infrastructure. Check regularly for new insights into the company's fulfillment network growth and technological advancements in cross-border transaction management.
GigaCloud Technology Inc (Nasdaq: GCT) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC on April 24, 2023. This report showcases the financial health and operational performance of the company, which is a leader in B2B ecommerce solutions for large parcel merchandise.
The Company’s platform, GigaCloud Marketplace, facilitates efficient cross-border transactions connecting manufacturers and resellers globally. GigaCloud has broadened its offerings beyond furniture to include home appliances and fitness equipment since launching in January 2019. A hard copy of the annual report is available for shareholders upon request.
GigaCloud Technology Inc (Nasdaq: GCT) reported its financial results for Q4 and fiscal year 2022. Q4 revenues reached $125.6 million, up 20.5% year-over-year, while total annual revenues were $490.1 million, a rise of 18.3%. Despite these gains, annual net income fell 18.1% to $24.0 million. Q4 net income increased 34.2% to $12.5 million, with adjusted EBITDA also rising to $15.2 million. The company had $143.5 million in cash as of December 31, 2022. The outlook for Q1 2023 projects revenues between $123 million and $127 million.
