GCT News & Events

GigaCloud sees Q2 revenue $365M-$390M, consensus $362.57M

Reports Q1 revenue $359.5M, consensus $342.57M. "At GigaCloud, taking a long-term view and investing in the future is our core philosophy. We are committed to building a global digital supply chain for big and bulky items - a vision that guides our every strategic move," said Larry Wu, Founder and Chief Executive Officer. "The value of this approach becomes clear during downturns like the one we are navigating today. Our early investments in Europe and the strategic acquisition of Noble House are delivering solid results despite U.S. market challenges. Likewise, our decisive share repurchases have turned policy-driven volatility into an opportunity to enhance shareholder value. We will continue to defend this principle - driving innovation and investing for the long-term to strengthen our industry-leading position."

GigaCloud Technology announced that its Audit Committee has appointed Grant Thornton LLP, a U.S.-based audit firm, as the Company's new independent registered public accounting firm, subject to the completion of Grant Thornton's client acceptance and independence procedures and execution of an engagement letter. The appointment follows the dismissal of the Company's independent registered public accounting firm, KPMG Huazhen LLP.