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Global-E Online Ltd. (Nasdaq: GLBE) is recognized as the world's leading platform for enabling and accelerating direct-to-consumer cross-border e-commerce. Partnering with over 1,000 prominent brands and retailers across the United States, Europe, and Asia, Global-E offers innovative solutions that transform the complexities of international e-commerce into a seamless and localized shopping experience for customers in over 200 destinations worldwide.
The company's platform is designed to enhance the global sales capabilities of merchants by providing a deeply localized customer experience, which includes support for 95+ local currencies, 50+ payment methods, multilingual checkout, and multiple shipping options with unbeatable rates. Furthermore, Global-E offers convenient domestic returns from 30 worldwide locations and local duty and tax calculations with the option for prepayment, ensuring a transparent and straightforward shopping journey for international customers.
Global-E's business model is fortified by its unique, technology-driven approach that combines best-in-class localization capabilities, big-data business intelligence, streamlined international logistics, and extensive cross-border expertise. This approach not only removes barriers to converting international visitors into customers but also significantly boosts global sales for merchants.
Financially, Global-E continues to demonstrate robust performance. For instance, in the third quarter of 2023, the company reported top-line growth, improved profitability, and a healthy pipeline, reflecting the strength of its business model. The company's strong performance was further highlighted during the Black Friday/Cyber Monday weekend in 2023, where it saw a record 53% increase in sales compared to the previous year.
Additionally, Global-E's strategic partnerships, such as the recent collaboration with Wix.com Ltd., a leading SaaS website builder platform, underscore the company's commitment to expanding its reach and capabilities. This partnership allows Wix merchants to access Global-E's advanced international selling solutions, thereby enhancing their global market presence.
Global-E's ability to adapt to market conditions and its ongoing innovation in e-commerce solutions position the company for continued growth. Despite the volatility in consumer sentiment and macroeconomic uncertainties, the company remains optimistic about its long-term prospects and is well-prepared to maintain its trajectory of durable and profitable growth.
Global-e Online Ltd. (Nasdaq: GLBE) reported strong financial results for Q4 and full year 2022, achieving 69% growth in quarterly revenue, totaling $139.9 million, and 67% growth in annual revenue at $409 million. Q4 Gross Merchandise Value (GMV) reached $839 million, while non-GAAP gross profit increased by 77% to $57.8 million. Despite a net loss of $28.5 million in Q4 and $195.4 million for the year, the company saw a 98% annual Gross Dollar Retention rate and strong expansion into new markets, including partnerships with major brands. For Q1 2023, GMV is projected between $645-$675 million, with revenue guidance of $108-$114 million.
Global-e Online Ltd. (Nasdaq: GLBE) has corrected the timing for reporting its financial results, now set to occur before market open on February 22, 2023, rather than after market close. This announcement relates to the company's fourth quarter and full year results for 2022. Following the report, Global-e will host a conference call to discuss the financial outcomes and future outlook. The conference call is scheduled for 8:00 a.m. ET, and a live webcast will be available on the Investor Relations section of the company’s website.
Global-e Online Ltd. (Nasdaq: GLBE) has announced it will report its financial results for the fourth quarter and full year ending December 31, 2022, after market close on February 22, 2023. The report will be followed by a conference call at 8:00 a.m. ET to discuss the results and future outlook. Global-e, a leader in Direct-To-Consumer cross-border e-commerce enablement, partners with hundreds of brands worldwide to facilitate seamless international sales.
Global-e Online Ltd. (Nasdaq: GLBE) reported Q3 2022 revenue of $105.6 million, a 79% increase year-over-year, with notable GMV of $621 million, up 77%. The company achieved a non-GAAP gross profit of $43.8 million, a 92% increase, and an adjusted EBITDA of $12.5 million. Despite a net loss of $64.6 million, Global-e continues to expand its client base, including brands like Mattel and Karl Lagerfeld. The company’s US outbound revenue surged 184%, and they provided an updated guidance for Q4 and FY 2022, citing FX headwinds and delayed merchant launches.
Global-e Online Ltd. (Nasdaq: GLBE) will report its financial results for Q3 2022 on November 16, 2022, after market close. The company specializes in Direct-To-Consumer cross-border e-commerce, providing a seamless shopping experience across over 200 global destinations. A conference call will follow the results announcement, where management will discuss financial performance and future outlook. Interested parties can join via toll-free or international lines, and a live webcast will be available on their Investor Relations website.
Global-e Online Ltd. (Nasdaq: GLBE) reported strong Q2 2022 results with $534 million in Gross Merchandise Value (GMV), up 64% year-over-year. Revenue reached $87.3 million, reflecting a 52% increase, driven by service fees ($39.3 million) and fulfillment services ($48.0 million). Non-GAAP gross profit rose to $36.5 million, a 77% year-over-year increase, with a gross margin of 41.8%. Despite a net loss of $48.8 million, the company launched partnerships with brands like Disney and achieved a 104% revenue growth in U.S. outbound business. Updated guidance for Q3 and fiscal year 2022 indicates optimism.
Global-e Online Ltd. (Nasdaq: GLBE) will report its Q2 financial results on August 16, 2022, before the market opens. A conference call will be held at 8:00 a.m. ET to discuss these results. Global-e is a leading cross-border e-commerce platform, serving over 650 brands and retailers globally. The company aims to simplify international sales, providing a localized shopping experience in over 200 countries. Investors can access the call via toll-free numbers and a live webcast from their website.
Global-e (NASDAQ: GLBE) has successfully closed its acquisition of Borderfree from Pitney Bowes (NYSE: PBI) for approximately $100 million. This acquisition aims to enhance Global-e's platform for enterprise brands, allowing retailers to easily enter international markets while localizing their websites in over 200 countries. Additionally, a strategic partnership has been established, allowing Pitney Bowes to offer logistics services to Global-e clients. Borderfree is projected to generate over $40 million in revenue for calendar year 2022.
Global-e (NASDAQ: GLBE) has announced its acquisition of Pitney Bowes' Borderfree cross-border ecommerce solutions business for around $100 million. This acquisition aims to enhance Global-e's platform for enterprise brands, providing expanded localization services and compliance support in over 200 countries. Additionally, a strategic partnership will allow Pitney Bowes to offer ecommerce logistics to Global-e clients. Borderfree is projected to generate over $40 million in revenues in 2022. The transaction is set to close in Q3 2022, subject to standard conditions.
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