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GigaCloud Technology | 10-Q: Q2 2024 Earnings Report

GigaCloud Technology | 10-Q: Q2 2024 Earnings Report

大健雲倉 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/07 04:44

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GigaCloud Technology Inc. reported a 103.1% year-over-year increase in total revenues to $310.9 million for Q2 2024. The company's GigaCloud Marketplace GMV surged 80.7% to $1.1 billion in the 12 months ended June 30, 2024, driven by growth in active sellers and buyers. Service revenues rose 97.2% to $85.4 million, while product revenues jumped 105.1% to $225.5 million.Net income grew 46.7% to $27.0 million in Q2 2024, with adjusted EBITDA increasing 71.9% to $42.7 million. The company's gross profit rose 89.1% to $76.4 million, though gross margin slightly decreased to 24.6% due to higher ocean freight and rental costs. Operating expenses increased significantly, with selling and marketing up 105.3% and general and administrative expenses up 281.2%.GigaCloud expanded its global fulfillment network to 40 centers by Q2 2024, up from 21 a year earlier. The company maintains a strong liquidity position with $185.6 million in cash and cash equivalents as of June 30, 2024. Management attributes the growth to increased market recognition, expanded product offerings, and strategic acquisitions enhancing supply chain capabilities.
GigaCloud Technology Inc. reported a 103.1% year-over-year increase in total revenues to $310.9 million for Q2 2024. The company's GigaCloud Marketplace GMV surged 80.7% to $1.1 billion in the 12 months ended June 30, 2024, driven by growth in active sellers and buyers. Service revenues rose 97.2% to $85.4 million, while product revenues jumped 105.1% to $225.5 million.Net income grew 46.7% to $27.0 million in Q2 2024, with adjusted EBITDA increasing 71.9% to $42.7 million. The company's gross profit rose 89.1% to $76.4 million, though gross margin slightly decreased to 24.6% due to higher ocean freight and rental costs. Operating expenses increased significantly, with selling and marketing up 105.3% and general and administrative expenses up 281.2%.GigaCloud expanded its global fulfillment network to 40 centers by Q2 2024, up from 21 a year earlier. The company maintains a strong liquidity position with $185.6 million in cash and cash equivalents as of June 30, 2024. Management attributes the growth to increased market recognition, expanded product offerings, and strategic acquisitions enhancing supply chain capabilities.
大健雲倉科技公司公佈2024年第二季度總收入同比增長103.1%,達到31090萬美元。該公司的大健雲倉市場成交總額在截至2024年6月30日的12個月內激增80.7%,達到11億美元,推動因素是活躍賣家和買家的增長。服務收入增長97.2%,達到8540萬美元,而產品收入則跳升105.1%,達到22550萬美元。凈利潤在2024年第二季度增長46.7%,達到2700萬美元,調整後的EBITDA增長71.9%,達到4270萬美元。公司的毛利潤增長89.1%,達到7640萬美元,儘管由於海運和租賃成本上升,毛利率略微下降至24.6%。營業費用顯著增加,銷售和營銷費用上升105.3%,一般和行政費用...展開全部
大健雲倉科技公司公佈2024年第二季度總收入同比增長103.1%,達到31090萬美元。該公司的大健雲倉市場成交總額在截至2024年6月30日的12個月內激增80.7%,達到11億美元,推動因素是活躍賣家和買家的增長。服務收入增長97.2%,達到8540萬美元,而產品收入則跳升105.1%,達到22550萬美元。凈利潤在2024年第二季度增長46.7%,達到2700萬美元,調整後的EBITDA增長71.9%,達到4270萬美元。公司的毛利潤增長89.1%,達到7640萬美元,儘管由於海運和租賃成本上升,毛利率略微下降至24.6%。營業費用顯著增加,銷售和營銷費用上升105.3%,一般和行政費用上升281.2%。到2024年第二季度,大健雲倉將其全球履約網絡擴展到40箇中心,較一年前的21個有所增加。公司在截至2024年6月30日時保持了強勁的流動性,現金及現金等價物達18560萬美元。管理層將增長歸因於市場認可度的提升、產品種類的擴展以及增強供應鏈能力的戰略收購。
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