GLOBAL-E ONLINE Sees 52.7% Increase in Revenue for Q2 2023
August 10, 2023
☀️Earnings Overview
GLOBAL-E ONLINE ($NASDAQ:GLBE) announced total revenue of USD 133.3 million for the second quarter of FY2023, ended June 30 2023, which marks a 52.7% increase from the prior year. Net income for the quarter was USD -35.5 million, demonstrating an improvement from the previous year’s -48.8 million.
Analysis
GoodWhale has conducted an in-depth analysis of GLOBAL-E ONLINE‘s wellbeing. The results show that the company is a medium risk investment in terms of financial and business aspects. GoodWhale has also detected one risk warning in GLOBAL-E ONLINE’s cashflow statement. This warning indicates that the company may be vulnerable in certain areas. To find out more about this risk warning, users can register with GoodWhale to gain access to detailed information about the company’s risk profile. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Global-e Online. More…
| Total Revenues | Net Income | Net Margin |
| 496.36 | -171.64 | -34.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Global-e Online. More…
| Operations | Investing | Financing |
| 37.05 | -122.97 | 1.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Global-e Online. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.12k | 198.38 | 5.64 |
Key Ratios Snapshot
Some of the financial key ratios for Global-e Online are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 83.8% | – | -33.6% |
| FCF Margin | ROE | ROA |
| 7.0% | -11.2% | -9.3% |
Peers
The competition between Global E Online Ltd and its competitors is fierce. Each company is trying to gain market share and increase profits. Global E Online Ltd has a strong presence in the online market, but its competitors are also very active.
– Shinsegae International Co Ltd ($KOSE:031430)
As of 2022, Shinsegae International Co Ltd has a market capitalization of 901.42 billion dollars and a return on equity of 58.75%. The company is involved in a variety of businesses, including retail, department stores, food and beverages, and more. It is one of the largest companies in South Korea and is headquartered in Seoul.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Taiwan-based company principally engaged in the provision of online services. The Company operates its business through three segments. Its first segment is the operation of PChome Online, an online platform in Taiwan. PChome Online’s main businesses include online marketplace, which offers products in categories, including consumer electronics, books, digital content, fashion and beauty, home and living, food and beverage, and others; online shopping mall, which offers products in categories, including 3C products, home appliances, books, fashion and beauty, furniture, food and beverage, mother and baby care products, digital content and others; and payment and logistics services. Its second segment is the operation of e-commerce platforms outside Taiwan, which is engaged in the operation of e-commerce platforms in Hong Kong and the United States. Its third segment is the provision of software development services.
– Allegro.EU SA ($LTS:0A5O)
Allegro.EU SA is a Polish e-commerce company with a market cap of 26.95B as of 2022. The company has a Return on Equity of 7.15%. Allegro.EU SA operates an online marketplace in Poland, which offers a wide range of products in categories including books, media, electronics, and fashion.
Summary
GLOBAL-E ONLINE reported impressive total revenue of USD 133.3 million for the second quarter of FY2023, a 52.7% increase year over year. Although net income was in the red at USD -35.5 million compared to -48.8 million in the prior year, investors may be encouraged by the improvement and be optimistic about future performance. For investors looking for a potential short-term opportunity, GLOBAL-E ONLINE’s stock price dropped the same day as the report release, providing an opportunity to potentially enter a position at a more attractive price. Longer term, investors may consider GLOBAL-E ONLINE’s outlook for sustained growth and profitability in the future.
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