4 - GigaCloud Technology Inc (0001857816) (Issuer)

ROTH MKM downgraded GigaCloud Technology from Buy to Neutral and set a new price target of $15.00 from $32.00 previously

Lake Street initiated coverage of GigaCloud Technology Inc. with a rating of Buy and set a new price target of $50.00

Maxim Group initiated coverage of GigaCloud Technology Inc. with a rating of Buy and set a new price target of $69.00

ROTH MKM initiated coverage of GigaCloud Technology Inc. with a rating of Buy and set a new price target of $13.00

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-- Bernes Succeeds Retiring Director Frank Hurst Lin after Nearly 18 Years of Service -- EL MONTE, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced the appointment of Marshall Bernes to its Board of Directors ("Board"), succeeding retiring member Frank Hurst Lin. With this appointment, the Board's membership remains at five. Currently the Head of GigaCloud's newly launched BaaS Program, Bernes was the Founder and former Chief Executive Officer of Noble House Home Furnishings LLC. Bernes is a reputable, widely re

EL MONTE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that suppliers from new product origins in Colombia, Mexico, and Turkey have joined its B2B ecommerce platform, GigaCloud Marketplace. This addition further diversifies the platform's product offerings and optimizes global supply chain management. Three global suppliers have joined the GigaCloud Marketplace as new 3P sellers, expanding the seller base in new markets and introducing new SKUs to the platform. Colombia-based Plasticos MQ will introduce a variety of home pr

HONG KONG, Feb. 27, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the changes to the composition of its board of directors (the "Board"). Mr. Huang Xing, who served as our non-executive director, resigned as a director of the Board for personal reason, effective December 31, 2022. Mr. Huang's resignation from the Board did not result from any disagreement with the Company, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Mr. Huang's resignation has not affected

EL MONTE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the first quarter ended March 31, 2025, including sustained revenue and GMV growth over the comparable prior year period. First Quarter 2025 Financial Highlights Total revenues of $271.9 million, increased 8.3% year-over-year.Gross profit of $63.7 million, decreased 4.2% year-over-year.Gross margin was 23.4%, compared to 26.5% in the first quarter of 2024.Net income of $27.1 million, in line with $27.2 million reported in the prior-year period.Net

EL MONTE, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc. (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that it will report its financial results for the first quarter ended March 31, 2025 after the market closes on Monday, May 12, 2025. The Company will host a conference call to discuss its financial results on the same day at 6:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call's start ti

EL MONTE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, including a milestone achievement of surpassing $1 billion in total annual revenues for the first time in 2024, and continued robust growth in GigaCloud Marketplace GMV. Fourth Quarter 2024 Financial Highlights Total revenues of $295.8 million, increased 20.9% year-over-year.Gross profit of $65.0 million, decreased 6.9% year-over-year. Gross margin was 22.0%, compared to 28.5

EL MONTE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 after the market closes on Monday, March 3, 2025. The Company will host a conference call to discuss its financial results on the same day at 5:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the confere

EL MONTE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the third quarter and nine months ended September 30, 2024, including strong growth in revenues, gross profit, net income, and adjusted EBITDA over the comparable period last year. Third Quarter 2024 Financial Highlights Total revenues of $303.3 million increased 70.2% from $178.2 million for the third quarter of 2023.Gross profit of $77.3 million increased 58.1% from $48.9 million for the third quarter of 2023. Gross margin was 25.5%, c

EL MONTE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. The Company will host a conference call to discuss its financial results on the same day at 7:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call'

-- Total Revenues More Than Doubled, Reaching a Record High Significant Growth in Adjusted EBITDA Reflects Enhanced Operational Efficiency and Profitability -- EL MONTE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the second quarter and six months ended June 30, 2024, including continued robust growth in revenues, gross profit, and net income over the comparable period last year. Second Quarter 2024 Financial Highlights Total revenues of $310.9 million grew 103.1% from $153.1 million in t

EL MONTE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the second quarter and six months ended June 30, 2024 after the market closes on Tuesday, August 6, 2024. The Company will host a conference call to discuss its financial results on Wednesday, August 7, at 8:00 AM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the

-- Revenue Nearly Doubled and Hit Record High; Further Accelerated GigaCloud Marketplace Across all Metrics -- EL MONTE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the first quarter ended March 31, 2024, including substantial growth in revenue, gross profit, and net income over the comparable prior year period. First Quarter 2024 Financial Highlights Total revenues of $251.1 million, increased 96.5% from $127.8 million in the first quarter of 2023.Gross profit of $6

EL MONTE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss its financial results on the same day at 8:00 AM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call's st

EL MONTE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the first quarter ended March 31, 2025, including sustained revenue and GMV growth over the comparable prior year period. First Quarter 2025 Financial Highlights Total revenues of $271.9 million, increased 8.3% year-over-year.Gross profit of $63.7 million, decreased 4.2% year-over-year.Gross margin was 23.4%, compared to 26.5% in the first quarter of 2024.Net income of $27.1 million, in line with $27.2 million reported in the prior-year period.Net

EL MONTE, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc. (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that it will report its financial results for the first quarter ended March 31, 2025 after the market closes on Monday, May 12, 2025. The Company will host a conference call to discuss its financial results on the same day at 6:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call's start ti

EL MONTE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that on March 28, 2025, its Board of Directors approved an additional $16 million to its Class A ordinary share repurchase program, bringing the total authorization to $62 million from its previously authorized $46 million. The program runs through August 28, 2025. Under the share repurchase program, the Company may purchase its ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any com

EL MONTE, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that Scott Living by Drew & Jonathan™, the home furnishings brand created by TV hosts and renovation experts Drew and Jonathan Scott, has joined its Branding-as-a-Service (BaaS) Program. This collaboration will bring Scott Living's trusted brand into the GigaCloud B2B Marketplace, creating new avenues for sellers and broadening product selection for buyers. Scott Living's expertise in outdoor furniture and décor aligns with current consumer trends and present

Redefining Sales Enablement for Suppliers and Retail Sales Associates in the Brick-and-Mortar Market Ashley Furniture Leads as First Adopter EL MONTE, Calif., March 10, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc. (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that its subsidiary, Apexis, Inc., has launched the Wonder App—a mobile-first, lightweight sales acceleration platform designed for brick-and-mortar commerce. The app connects suppliers and retail sales associates (RSAs) by offering education, training, performance tracking and rewards, providing suppliers with instan

EL MONTE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, including a milestone achievement of surpassing $1 billion in total annual revenues for the first time in 2024, and continued robust growth in GigaCloud Marketplace GMV. Fourth Quarter 2024 Financial Highlights Total revenues of $295.8 million, increased 20.9% year-over-year.Gross profit of $65.0 million, decreased 6.9% year-over-year. Gross margin was 22.0%, compared to 28.5

EL MONTE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 after the market closes on Monday, March 3, 2025. The Company will host a conference call to discuss its financial results on the same day at 5:30 PM Eastern Time. To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the confere

EL MONTE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced a strong lineup of new suppliers joining its GigaCloud Marketplace, further solidifying its position as a trusted global B2B wholesale platform. New suppliers to the GigaCloud Marketplace include Purple Innovation Inc. (NASDAQ:PRPL), Homestyles, a brand of Flexsteel Industries Inc. (NASDAQ:FLXS), Corsicana Mattress Company, Restonic, Walker Edison, GhostBed, Simpli Home and others. These newly added suppliers have joined the GigaCloud Marketplace as new 3P se

EL MONTE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced it is donating more than $1 million in home furnishings to Habitat for Humanity Greater Los Angeles to support the ReBUILD LA™ Wildfire Recovery campaign. The donation will directly benefit families who have lost their homes, helping them rebuild their lives with dignity and comfort. "Los Angeles is our home, and when people in our community lose their homes in disasters like wildfires, it impacts all of us," said Larry Wu, Founder, Chairman, and Chief Execut

EL MONTE, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its recognition as a winner in Furniture Today's 2024 Reader Rankings across multiple categories, including "Industry's Leading Innovator," "Best Ecommerce Technology," and "Best Logistics Technology Company." "We are honored to be recognized again by Furniture Today's Reader Rankings, a powerful validation of GigaCloud's transformative impact on the industry," said Larry Wu, Founder, Chairman, and Chief Executive Officer. "As we celebrate these notable disti