Global-E Online Ltd. - GLBE STOCK NEWS

Global-E Online Ltd. (GLBE) reported a record-breaking Q4 2021, achieving revenues of $82.7 million and a full-year revenue of $245.3 million, marking an 80% increase year-over-year. Gross profit soared by 110% to $91.4 million. Despite these growth metrics, the company posted a net loss of $74.9 million for the full year, a notable decline from a profit of $3.9 million in 2020. The outlook for 2022 anticipates 70% revenue growth and continued expansion in the U.S. market. Strategic partnerships, including with Shopify, and geographical expansion into APAC are highlighted as key growth drivers.

Global-e Online Ltd. (Nasdaq: GLBE) will announce its fourth quarter and full year financial results for 2021 on February 16, 2022, after market close. A conference call will follow at 4:30 p.m. ET, where management will discuss the results. Interested investors can join the call by dialing the provided toll-free numbers or through a live webcast available on the company's Investor Relations website. A replay of the call will be accessible for approximately thirty days afterward. Global-e is recognized for its leading e-commerce platform that simplifies cross-border transactions.

Global-e (NASDAQ: GLBE) has finalized its acquisition of Flow Commerce Inc., enhancing its cross-border e-commerce platform for emerging brands. The deal, valued at up to $500 million, includes $425 million in cash and stock, along with potential performance-based payments. The acquisition aims to leverage Flow's advanced technology to better serve small merchants while expanding Global-e's relationship with Shopify. Flow is projected to generate approximately $20 million in net revenue for 2021, solidifying Global-e's position in the market.

Global-e (NASDAQ: GLBE) announced its agreement to acquire Flow Commerce Inc. for up to $500 million, enhancing its cross-border e-commerce platform targeting emerging brands.

This acquisition allows access to small merchants and leverages Flow's technology for better integration and customer experience. The deal strengthens Global-e's partnership with Shopify, allowing broader cross-border services. Flow is projected to generate approximately $20 million in revenue in 2021. The transaction is expected to close in Q1 2022, pending regulatory approvals.

Global-e Online Ltd. (Nasdaq: GLBE) reported record Q3 2021 results, achieving revenues of $59.1 million, a 77% increase year-over-year, and a gross margin of 38.6%, up 840 basis points from the previous year. GMV reached $352 million, up 86% year-over-year. Despite a net loss of $28.5 million, adjusted EBITDA improved to $7.7 million. The company anticipates continued growth, upgrading its FY 21 guidance to a revenue range of $239 million to $241 million. Business highlights include expanded partnerships and increased US-market penetration.

Global-e (NASDAQ: GLBE) has announced a collaboration with Australia Post to enhance cross-border e-commerce for Australian merchants. This partnership enables merchants to localize their online stores, optimizing webstore capabilities for over 200 global destinations. With features like local pricing in 100+ currencies and support for 150+ payment methods, the platform aims to increase international sales and traffic conversion rates. Global-e's president emphasized the growth potential in the Australian market as the global cross-border e-commerce sector expands.

Global-e Online Ltd. (Nasdaq: GLBE) will report its third quarter financial results on November 9, 2021, after market close. Management will discuss these results in a conference call on November 10, 2021, at 8:00 a.m. ET. The call can be accessed via telephone or a live webcast available on the Investor Relations section of Global-e’s website. Global-e is a leading platform in cross-border e-commerce, partnering with over 520 brands to facilitate sales in more than 200 destinations, enhancing the international shopping experience.

Global-e Online Ltd. (GLBE) announced the successful closing of its secondary offering, where shareholders sold 13,800,000 shares at $64.00 each. The offering included 1,800,000 shares due to underwriters' options being exercised fully. Notably, Global-e did not participate in the sale, receiving no proceeds. The offering's management involved several banks, including Goldman Sachs and Morgan Stanley. This event underscores the liquidity and market engagement of GLBE shares while not impacting the company financially.

Global-e Online Ltd. (Nasdaq: GLBE) announced a secondary offering of 12,000,000 ordinary shares at $64.00 each, set to close around September 14, 2021. The offering, driven by certain shareholders, allows underwriters a 30-day option to purchase an additional 1,800,000 shares. Global-e will not benefit from this offering, receiving no proceeds, as the selling shareholders retain all funds. Goldman Sachs, Morgan Stanley, Jefferies, and BofA Securities are managing the offering, which follows the SEC's approval of a registration statement on September 9, 2021.