NASDAQ$GCT

GigaCloud Technology Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

GCT Q1 2024 — $128K revenue

These forward-looking statements relate to events that involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially. GigaCloud Technology Inc reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $128K.
  • Operating income: $18K.
  • Gross profit: $30K.

Headline financials

Total Revenue

$251M

Previous: $128M+96.5%
EPS

$0.66

Previous: $0.39+69.2%
Capital Expenditures

-$3.99M

Previous: $137K-3014.6%
Free Cash Flow

$23.2M

Previous: $20.2M+14.8%
Net Income

$27.2M

Previous: $15.9M+70.6%
Operating Income

$34.8M

Previous: $17.9M+95.0%
Gross Profit

$66.5M

Previous: $29.6M+125.0%
Cash & Equivalents

$185M

Previous: $164M+12.8%
Total Assets

$978M

No prior period
R&D Expense

$1.76M

No prior period
Stock-Based Comp

$275K

Previous: $247K+11.3%

Revenue & EPS history

GigaCloud · Revenue · Quarterly

$251M

Q1 2024+96.5%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

GigaCloud · $178M total across 2 segments · Q3 2023

  • Product Revenues
    $127M
  • Service Revenues
    $51.5M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.9%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+6.8%

Avg return

30 days after

53%

9 / 17 earnings

Positive

+32.8%

Q4 2025

Best reaction

-28.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.9%-15.0%-30.0%
Q4 2025+32.8%+20.6%+17.8%
Q3 2025+30.0%+26.2%+57.3%
Q1 2025+11.5%+18.7%+16.5%
Q4 2024-5.4%-7.3%-13.0%
Q3 2024+28.4%+7.7%+2.0%
Q2 2024-6.6%-9.3%-25.4%
Q1 2024-4.6%-5.5%-21.8%
Q4 2023-2.2%-17.5%-9.3%
Q3 2023+21.0%+37.9%+87.6%
Q2 2023+12.3%+11.8%+15.6%
Q1 2023+2.3%+14.0%+37.6%
Q4 2020+0.8%+5.1%+36.1%
Q4 2021+0.8%+5.1%+36.1%
Q4 2022-14.4%-13.6%-5.6%
Q3 2022-7.8%-1.5%-28.2%
Q2 2022-28.1%-33.1%-57.6%
Q1 2022
Q3 2021
Q2 2021
Q1 2021
Q3 2020
Q2 2020
Q1 2020

Discussion

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