Articles from GigaCloud Technology

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.

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.”

EL MONTE, Calif., Nov. 18, 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 it has been ranked #1 on Forbes’ list of “America’s Most Successful Small-Cap Companies 2025,” an evaluation of over 900 companies with market values between $300 million and $2 billion.

-- Bernes Succeeds Retiring Director Frank Hurst Lin after Nearly 18 Years of Service --

GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income

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.

EL MONTE, Calif., Sept. 03, 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 its board of directors has approved a share repurchase program to repurchase up to $46 million of its Class A ordinary shares over the next 12 months.

EL MONTE, Calif., Aug. 08, 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 resignation of David Lau, Chief Financial Officer, to pursue other business interests effective August 19, 2024. Erica Wei, the Company’s Vice President of Finance, will serve as interim Chief Financial Officer starting August 19, 2024.

-- Total Revenues More Than Doubled, Reaching a Record High

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.

EL MONTE, Calif., July 01, 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 has been added to the Russell 2000® Index effective June 28, 2024, after the U.S. market close.

EL MONTE, Calif., June 17, 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 its Founder, Chairman, and Chief Executive Officer, Larry Wu, has been named an Entrepreneur Of The Year® 2024 Greater Los Angeles Award winner by Ernst & Young LLP (“EY US”).

Marking the Second Consecutive Year of Stevie® Recognition

EL MONTE, Calif., May 23, 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 issued the following statement in response to the claims made in a report by Grizzly Research LLC, a short-seller, issued on May 22, 2024.

-- Revenue Nearly Doubled and Hit Record High;

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.

Surpasses 10 Million Square Feet in Fulfillment Operations, Marking a 169% Increase and Enhancing Support for Marketplace Buyers and Sellers

Delivering Branding-as-a-Service “BaaS” Program

EL MONTE, Calif., March 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 on March 27, 2024, the Company filed its annual report on Form 10-K for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).

Fourth Consecutive Quarter of Record Profitability, Revenues up 94.8% from Fourth Quarter 2022

EL MONTE, Calif., March 11, 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 it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Friday, March 15, 2024. The Company will host a conference call to discuss its financial results on Monday, March 18, 2024 at 8:30 AM Eastern Time.

New global suppliers to offer additional range of furniture and home products to GigaCloud B2B Marketplace

Another Consecutive Quarter of Record Profitability

Paving an Innovative Way for Advanced Technology and Expansive Retail Experiences

WALNUT, Calif., Nov. 13, 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, provided an update on the status of the previously announced independent review.

Adds Product Varieties, Strong Supply Chain Capabilities and Logistics Enhancements to GigaCloud’s Innovative B2B Marketplace

WALNUT, Calif., Oct. 09, 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 issued the following statement in response to certain misleading and self-serving claims made in a short seller report issued on September 28, 2023 (“the short seller report”).

WALNUT, Calif., Sept. 29, 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 issued the following statement in response to claims made in a report by Culper Research, a short seller.

Additional Capacity Needs Fueled by Expansion of B2B Marketplace, Representing 16 Warehouses in the U.S. and Eight Internationally

WALNUT, Calif., Sept. 12, 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 that it has entered into a definitive agreement (the “Asset Purchase Agreement”) as the stalking horse bidder to acquire substantially all of the assets of Noble House Home Furnishings, LLC and certain of its affiliates (“Noble House”) for $85 million in connection with Noble House’s Chapter 11 bankruptcy proceedings.

Net Income Increased by over 200% Period-Over-Period in First Half 2023

WALNUT, Calif., Aug. 10, 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 changes to the composition of its board of directors (the “Board”).

WALNUT, Calif., Aug. 08, 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 that it will report its unaudited financial results for the second quarter and six months ended June 30, 2023 before the market opens on Tuesday, August 15, 2023. The Company will host a conference call to discuss its financial results at 8:30 AM Eastern Time that same day.

WALNUT, Calif., Aug. 07, 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 that President Iman Schrock has been named to both Home Furnishings Business and Furniture Today’s 40 Under 40 lists. This recognition underscores his ongoing commitment and achievement in advancing the Company’s industry-leading B2B marketplace, GigaCloud Marketplace, and empowering efficiency in today’s ecommerce environment for furniture and large parcel merchandise.

WALNUT, Calif., July 03, 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 that, in accordance with the definition of “foreign private issuer” in Rule 405 under the United States Securities Act of 1933, as amended (the “Securities Act”), and Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) which require a foreign company to determine its status as a foreign private issuer on an annual basis, as of the end of its second fiscal quarter, the Company has determined that it has ceased to qualify as a “foreign private issuer” as of June 30, 2023, being the last business day of its most recently completed second fiscal quarter. Once an issuer fails to qualify for foreign private issuer status it will remain unqualified unless it meets the requirements for foreign private issuer status as of the last business day of its second fiscal quarter. Accordingly, the Company will not be able to use the forms and rules designated for foreign private issuers after December 31, 2023, being the final day of the Company’s current fiscal year.

HONG KONG, June 14, 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 that its board of directors has approved a share repurchase program to repurchase up to US$25.0 million of its Class A ordinary shares, par value $0.05, over the next 12 months.

HONG KONG, June 14, 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 that its President, Iman Schrock, and Chief Financial Officer, David Lau, will participate in two upcoming investor conferences.

HONG KONG, May 24, 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 its unaudited financial results for the quarter ended March 31, 2023.

HONG KONG, May 18, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B e-commerce solutions for large parcel merchandise, announced today that the Company’s key executives will participate and present in both group presentation and private one-on-one meetings with analysts and investors at the LD Micro Invitational XIII Conference between June 6 to June 8, 2023 at The Luxe Sunset Boulevard Hotel in Los Angeles, California.

HONG KONG, May 17, 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 that it will report its unaudited financial results for the first quarter of 2023 before the U.S. market opens on Wednesday, May 24, 2023.

HONG KONG, May 08, 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 that it was named one of the winners of a Bronze Stevie® Award in the Fastest Growing Company of the Year - Up to 2,500 Employees category in The 21st Annual American Business Awards®.

HONG KONG, April 24, 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 that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (the “SEC”) on April 24, 2023. The annual report on Form 20-F can be accessed on the SEC’s website at http://www.sec.gov and the Company’s investor relations website at https://investors.gigacloudtech.com/.

HONG KONG, March 17, 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 its unaudited financial results for the quarter and the fiscal year ended December 31, 2022.

HONG KONG, March 10, 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 that it will report its unaudited financial results for the fourth quarter of 2022 before the U.S. market opens on Friday, March 17, 2023.

HONG KONG, March 09, 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, announced today that the Company’s key executives will participate and present virtually in both group presentations and private one-on-one meetings with analysts and investors at the Sidoti & Company March Small-Cap Virtual Conference on Wednesday, March 22, 2023.

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”).

HONG KONG, Feb. 06, 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, announced today that the Company’s key executives will be attending the 35th Annual ROTH Conference (the “Conference”) from March 12 to 14, 2023 at The Ritz Carlton, Laguna Niguel, located in Dana Point, California.

HONG KONG, Jan. 05, 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, announced today the appointments of Zoe Wong as General Counsel, and Anthony Garcia as Vice President of Logistics, respectively.

HONG KONG, Nov. 30, 2022 (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 its unaudited financial results for the quarter and nine months ended September 30, 2022.

HONG KONG, Nov. 21, 2022 (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 it will report its unaudited financial results for the third quarter of 2022 before the U.S. market opens on Wednesday, November 30, 2022.

HONG KONG, Nov. 03, 2022 (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 GigaCloud has opened its first Malaysian office (the “Office”) in Muar, Johor, Malaysia, as part of a strategic initiative for optimizing regional supplier screenings and increasing the Company’s presence in Southeast Asia.

Providing a trusted tool for sellers to consolidate and manage their distribution strategies through an easy-to-use platform

HONG KONG, Sept. 30, 2022 (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 its unaudited financial results for the quarter and six months ended June 30, 2022.