GigaCloud Technology Inc.: Convincing Investors with Strong Fundamentals - Maxim Group Confirms Buy Recommendation with 148% Price Potential!
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GigaCloud Technology Inc. (GCT) presented its report for the first quarter on May 12. Accordingly, revenue increased by 8.3% compared to the same period last year, reaching $271.9 million. The net income remained nearly stable at $27.1 million, while earnings per share (EPS) rose by 3.0% to $0.68. However, the gross margin fell from 26.5% last year to 23.4%, indicating ongoing margin pressure in the B2B market for large-volume goods. The company attributes this decline to macroeconomic uncertainties and volatile logistics costs, while simultaneously...
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