GigaCloud Tech Q4 FY 2023 earnings exceed expectations, with revenue up 94.8% Y/Y to $244.7M.
GigaCloud Tech shares soar after Q4 FY 2023 earnings beat expectations, with revenue up 94.8% Y/Y to $244.7M, surpassing the consensus of $224.2M. GigaCloud Marketplace GMV increased 53.3% Y/Y to $794.4M, active buyers rose 20.5% Y/Y to 5,010, and gross profit increased 161.4% Y/Y to $69.8M. EPS of $0.87 surpassed the consensus of $0.58, and the company reported an operating cash flow of $133.5M and a cash balance of $183.3M.
March 15, 2024
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