GigaCloud Technology Inc (NAS:GCT)
$ 32.55 0.2 (0.62%) Market Cap: 1.33 Bil Enterprise Value: 1.60 Bil PE Ratio: 12.59 PB Ratio: 4.15 GF Score: 30/100
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Q4 2023 GigaCloud Technology Inc Earnings Call Transcript

Mar 18, 2024 / 12:30PM GMT
Release Date Price: $34.21 (-20.72%)
Operator

Good day, and thank you for standing by, and welcome to the GigaCloud Technology's fourth-quarter and full year 2023 earnings conference call. (Operator Instructions) Once again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today. Larry Wu founder and CEO. Please go ahead.

Larry Wu
GigaCloud Technology Inc - Founder, Chairman and CEO

Thank you, operator, and thank you, everyone, for joining us on the call today, 2023 and the fourth quarter in particular, have marked a significant inflection point for GigaCloud, which has changed the trajectory of the business and that we believe will change the way people think about the industry. We have jumped in order of magnitude in the scale of our business and the potential of our supplier fulfilled rating model. On the top line, we saw revenue increase to $244.7 million for the quarter, up approximately 95% period-over-period.

And for the full year revenue increased to $703.8 million, an increase of approximately 44% from 2022. While

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