2023-08-08 07:14:46 ET
- Global-E Online press release ( NASDAQ: GLBE ): Q2 GAAP EPS of -$0.22 beats by $0.03 .
- Revenue of $133.3M (+52.7% Y/Y) beats by $4.41M .
- GMV in the second quarter of 2023 was $825 million, an increase of 54% year over year.
- Non-GAAP gross margin in the second quarter of 2023 was 43.3%, an increase of 140 basis points from 41.9% in the second quarter of 2022. GAAP gross margin in the second quarter of 2023 was 41.2%.
- Adjusted EBITDA in the second quarter of 2023 was $21.0 million compared to $11.1 million in the second quarter of 2022.
- Q3 and Full Year Outlook : Q3, GMV of $840M - $880M; Revenue of $136M - $142M vs. consensus of $142.60M; Adjusted EBITDA of $17M - $21M.
- For FY23, GMV of $3,480M - $3,640M; Revenue of $570M - $596M vs. consensus of $583.76M; Adjusted EBITDA of $85M - $93M.
For further details see:
Global-E Online beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 outlook