GCT Earnings Prediction
The chart below shows how GCT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GCT sees a -3.13% change in stock price 10 days leading up to the earnings, and a -2.80% change 10 days following the report. On the earnings day itself, the stock moves by +5.21%. This data can give you a slight idea of what to expect for the next quarter's release.
GCT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
303.32M
70.24%
-2.43%
Gross Margin
25.47%
-7.11%
3.58%
Operating Margin
13.44%
-24.45%
51.35%
Net Margin
13.41%
-1.25%
54.49%
EPS
0.98
66.10%
50.77%
No Data Available
GCT Earnings Analysis
GigaCloud Technology Inc Class A Ordinary Shares Corporation (GCT.O) Earnings Conference Call
Positive
Revenue Surge 70%: Total revenues grew 70% for the third quarter to $303 million.
3P Service Revenue Growth: Service revenue from our 3P business grew substantially to $100 million, reflecting strong market place demand and continued engagement from our participants.
Net Income Surge: Third quarter net income grew more than 68% year-over-year to $41 million and increased 62% year-over-year to $95 million for the first nine months of 2024.
Liquidity Position Overview: We ended Q3 with a liquidity of approximately $260 million, which includes cash, cash equivalents, restricted cash and investments.
Adjusted EBITDA Growth: We generated similar growth rates in adjusted EBITDA, which improved nearly 64% to $49 million for the third quarter.
Negative
Revenue Surge and Challenges: Total revenues grew 70% for the third quarter to $303 million, indicating a significant increase but also highlighting the challenges faced in maintaining growth momentum.
Increased Administrative Expenses: General and administrative expenses amounted to $15 million compared to $6 million last year, primarily due to an increase in rental and insurance expenses related to excess capacity in newly leased fulfillment centers.
Rising Operating Expenses: Operating expenses increased compared to prior year as we invested strategically to expand our fulfillment network, indicating rising costs that could impact profitability.
Margin Pressure from Costs: Product revenue margin decreased 1.6% sequentially due to higher procurement costs incurred that are accounted for as part of cost of goods sold, reflecting pressure on margins.
Capital Expenditures Impact: We incurred $14 million in CapEx for the third quarter, primarily for the purchase of equipment and wrapping to be used in our fulfillment center infrastructure, indicating high capital expenditures that may affect cash flow.
GCT FAQs
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GCT Earning Call Sentiment
GigaCloud Technology, Inc. (GCT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GCT.O
-0.98%Positive
The earnings call reveals strong financial performance with record revenue growth and significant net income and EBITDA improvements. The share repurchase program signals confidence in long-term potential, while the Q&A session highlights successful market strategies and European expansion. Despite integration risks and increased operational costs, the positive guidance and strategic initiatives outweigh these concerns. The market cap suggests a moderate reaction, leading to a positive stock price movement of 2% to 8%.
