Gigacloud Tech Stock Price, News & Analysis

GigaCloud Technology (Nasdaq: GCT), a leader in B2B ecommerce solutions for large parcel merchandise, has scheduled its Q1 2025 earnings release for May 12, 2025, after market close. The company will host a conference call at 6:30 PM Eastern Time on the same day to discuss the financial results.

Participants must pre-register to receive dial-in information and a unique PIN. The company recommends joining the call 15 minutes before start time. Both live and archived versions of the webcast will be available on GigaCloud's investor relations website.

GigaCloud Technology (Nasdaq: GCT) has expanded its share repurchase program with an additional $16 million authorization, increasing the total buyback capacity to $62 million from the previous $46 million. The program will run through August 28, 2025.

The company may execute these repurchases through various means, including open market transactions, privately negotiated deals, and block trades, in compliance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act. The timing and volume of repurchases will be influenced by factors such as share price, trading volume, market conditions, working capital requirements, and general business conditions.

The buyback program will be funded from GigaCloud's existing cash balance and remains subject to periodic review by the board, who may modify, suspend, or terminate it at any time.

GigaCloud Technology Inc (Nasdaq: GCT) has announced a strategic partnership with Scott Living by Drew & Jonathan™, integrating the home furnishings brand into its Branding-as-a-Service (BaaS) Program. The collaboration will expand GigaCloud's B2B Marketplace offerings, particularly in outdoor furniture and décor.

The partnership leverages Scott Living's trusted brand reputation to enhance GigaCloud's marketplace ecosystem, providing sellers with new opportunities and buyers with broader product selections. GigaCloud's Supplier Fulfilled Retailing model will support the program's infrastructure, focusing on supply chain efficiency and technological advancement.

Drew and Jonathan Scott, creators of Scott Living, emphasized their decade-long commitment to delivering quality home furnishings and view the GigaCloud platform as an opportunity to expand their market reach and collaborate with more suppliers and retail channels.

GigaCloud Technology Inc (Nasdaq: GCT) announced that its subsidiary, Apexis, is launching the Wonder App, a mobile-first sales acceleration platform for brick-and-mortar commerce. The app, set to be available by mid-March on iOS and Android, connects suppliers with retail sales associates (RSAs) through education, training, performance tracking, and rewards systems.

Ashley Furniture Industries is the first major adopter of the Wonder App. The platform features real-time performance tracking, educational content delivery, and a points-based reward system with gamification elements to boost engagement and sales effectiveness.

As part of this development, Apexis (dba Wondersign) will rebrand as Wonder. The app is integrated into GigaCloud's GIGA IQ™ package, enhancing the company's B2B Marketplace platform and B2C enabling system, aimed at optimizing performance across digital and physical retail channels.

GigaCloud Technology (Nasdaq: GCT) reported its Q4 and full-year 2024 financial results, achieving a milestone of over $1 billion in annual revenues. For Q4 2024, total revenues increased 20.9% YoY to $295.8M, though net income decreased 12.9% to $31M with margins declining from 14.5% to 10.5%.

Full-year 2024 highlights include: revenues of $1,161.0M (+65.0% YoY), gross profit of $285.2M (+51.2% YoY), and net income of $125.8M (+33.7% YoY). The company's GigaCloud Marketplace showed strong growth with GMV increasing 68.9% YoY to $1,341.4M, while active buyers grew 85.7% to 9,306.

The company appointed Erica Wei as CFO and expects Q1 2025 revenues between $250-265M. Under its share repurchase program, GigaCloud has executed approximately $29M in share repurchases, with $23M during Q4 2024 and $6M subsequently.

GigaCloud Technology (Nasdaq: GCT), a pioneer in global B2B technology solutions for large parcel merchandise, has announced it will release its unaudited financial results for Q4 and full year 2024 after market close on March 3, 2025.

The company will host a conference call to discuss these results on the same day at 5:30 PM Eastern Time. Participants must pre-register to receive dial-in information and a unique PIN, and are advised to join 15 minutes before the start time. The call will be available via live and archived webcast on the company's investor relations website.

GigaCloud Technology Inc (GCT) has announced the addition of several prominent furniture suppliers to its B2B marketplace platform. Notable new 3P sellers include Purple Innovation Inc (PRPL), Homestyles (by Flexsteel Industries Inc), Corsicana Mattress Company, Restonic, Walker Edison, GhostBed, and Simpli Home.

The new suppliers bring a diverse range of home furnishings to the marketplace, including living room furniture, bedroom bedding and furniture, dining room sets, and home office solutions. The expansion strengthens GigaCloud's position in the large-parcel B2B ecommerce sector, offering suppliers expanded market reach while providing resellers with a broader selection of trusted products.

Both Purple Innovation and Flexsteel Industries representatives expressed enthusiasm about the partnership, highlighting the potential for market expansion and digital presence enhancement through GigaCloud's platform.

GigaCloud Technology (Nasdaq: GCT) has been recognized in multiple categories of Furniture Today's 2024 Reader Rankings, including 'Industry's Leading Innovator,' 'Best Ecommerce Technology,' and 'Best Logistics Technology Company.' This marks the second consecutive year of recognition for the company.

The B2B ecommerce platform reported significant operational metrics, including 1,051 active sellers and 8,535 active buyers who generated over $1.2 billion in Marketplace GMV for the twelve months ended September 30, 2024. The company's success is attributed to its SFR model enhanced by advanced logistics solutions and strategic load balancing.

GigaCloud Technology (Nasdaq: GCT) has secured the #1 position on Forbes' America's Most Successful Small-Cap Companies 2025 list, standing out among 900+ companies valued between $300 million and $2 billion. The ranking assessment considered factors including earnings growth, sales growth, return on equity, and total stock return over both 12-month and five-year periods.

CEO Larry Wu highlighted this achievement as a testament to GigaCloud's growth trajectory and its transformative impact on the B2B large-parcel merchandise marketplace. The company's success is attributed to its Supplier Fulfilled Retailing model, which enhances wholesale supply chain efficiency for global partners.