Global-E Online Ltd. Stock Price, News & Analysis

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.

On September 7, 2021, Global-e Online Ltd. (Nasdaq: GLBE) announced a secondary offering of 12,000,000 ordinary shares by certain shareholders. The underwriters, including Goldman Sachs, Morgan Stanley, Jefferies, and BofA Securities, have a 30-day option to purchase an additional 1,800,000 shares. Global-e will not benefit financially from this offering, as the proceeds will go entirely to the selling shareholders. A registration statement has been filed with the SEC but is not yet effective, meaning the shares cannot be sold before it becomes effective.

Klarna and Global-e have expanded their partnership to offer flexible payment solutions across the US, UK, France, Spain, Italy, and Australia. This collaboration enables Global-e's international merchants to integrate Klarna's payment options, enhancing the shopping experience and increasing customer acquisition. Following the previous partnership in 2017, this move responds to consumer demand for more payment flexibility. Global-e's platform allows merchants to provide a localized shopping experience with various payment and shipping options.

Global-e Online Ltd. (Nasdaq: GLBE) reported a robust Q2 2021, with Gross Merchandise Value (GMV) reaching $326 million, up 95% year-over-year. Revenue increased by 92% to $57.3 million, bolstered by a 104% rise in service fees. The gross margin improved to 36% from 32.4%. Although the net loss widened to $22.2 million, adjusted EBITDA rose to $7.6 million. The company also announced optimistic guidance for Q3 and the full year, indicating sustained growth and strategic expansions, including new partnerships and geographic penetration.

Global-e Online Ltd. (Nasdaq: GLBE) will announce its second-quarter 2021 financial results on August 16, 2021, after market close. A conference call will follow at 4:30 p.m. ET, allowing investors to discuss the results in detail. The call can be accessed in the U.S. by dialing 877-705-6003, or internationally at +1-201-493-6725. Global-e, a leader in cross-border e-commerce, partners with over 500 brands to simplify international sales.