In This Article:
Global-E Online (NASDAQ:GLBE) Full Year 2024 Results
Key Financial Results
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Revenue: US$752.8m (up 32% from FY 2023).
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Net loss: US$75.5m (loss narrowed by 44% from FY 2023).
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US$0.45 loss per share (improved from US$0.81 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Global-E Online Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$399.6m (53% of total revenue). Notably, cost of sales worth US$413.3m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$250.7m (60% of total expenses). Explore how GLBE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's shares are down 5.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Global-E Online's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
