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GigaCloud Technology Third Quarter 2022 Earnings: Beats Expectations

GigaCloud Technology (NASDAQ:GCT) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$128.0m (up 23% from 3Q 2021).

  • Net income: US$460.0k (down 65% from 3Q 2021).

  • Profit margin: 0.4% (down from 1.3% in 3Q 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$0.017 (down from US$0.12 in 3Q 2021).


All figures shown in the chart above are for the trailing 12 month (TTM) period

GigaCloud Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Online Retail industry in the US.

Performance of the American Online Retail industry.

The company's shares are up 25% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for GigaCloud Technology (1 is concerning!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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