Key Points – Strong Q2 performance: Revenue rose 28% year over year to $412 million, while diluted EPS increased 28% to $1.16 and net income reached a record $42 million. – Marketplace and European expansion drove growth: GMV increased 21% to $1.7 billion, with European GMV up…
% and third-party sellers in Europe growing more than 400% year over year. – Financial flexibility and outlook: GigaCloud ended the quarter debt-free with $379 million in liquidity, launched a new $120 million share-repurchase program, and forecast third-quarter revenue of $375 million to $400 million. – 5 Small-Cap Stocks With Impressive Growth and Upside Potential GigaCloud Technology (NASDAQ:GCT) reported second-quarter revenue growth of 28% and record quarterly earnings per share, as the company cited marketplace expansion, European momentum and contributions from its New Classic acquisition despite continued pressure in the broader furniture market. Revenue for the quarter rose to $412 million, including 23% organic growth and a 5% contribution from New Classic, Chief Financial Officer Erica Wei said
Diluted GAAP earnings per share increased 28% year over year to $1.16, while net income climbed 22% to a quarterly record of $42 million, or 10.3% of revenue. – Improving Fundamentals Drive New Buybacks for 3 Strong Performers “Despite ongoing pressure from across the broader furniture landscape, we delivered 28% revenue growth and record earning per share,” Chief Executive Officer Larry Wu said. He said the company is pursuing growth through marketplace expansion, international operations and strategic investments, including its acquisitions of Noble House and New Classic. Marketplace activity and U.S. share gains President Iman Schrock said trailing 12-month gross merchandise value, or GMV, rose 21% year over year to $1.7 billion as of June 30.
Active third-party sellers increased 26% to 1,465, while active buyers grew 17% to 12,823. – One Value, One Growth, and One Momentum Stock For…