GigaCloud reports Q1 EPS 84c vs. 49c last year

Reports Q1 revenue $251.1M vs. $127.8M last year. “We are pleased to report exceptional growth in revenue, accompanied by marked improvements in gross profit margin,” said CEO Larry Wu. “Additionally, our GigaCloud Marketplace continued its impressive momentum across all key metrics, while simultaneously expanding its service offerings. Strategic investments in our fulfillment infrastructure in support of our expected growth and foreign exchange fluctuations caused a temporary decline in our net income margin for Q1. We are confident that these investments will better position GigaCloud to meet surging Marketplace buyer and seller demands while further enhancing efficiency…We are observing widespread enthusiasm from Marketplace sellers as we prepare for inaugural transactions under the program in Q2. This strategic move underscores our commitment to empower Marketplace buyers and sellers and is an example of yet another addition to our service toolbox designed to foster stronger loyalty and engagement among Marketplace buyers and sellers…”