Global-E Online Ltd. (GLBE) gained in the current market after announcing its fourth quarter and fiscal 2021 results. GLBE values at $44.90, gaining more than 21.63% compared to yesterday’s closing price. The stock closed at $36.91 at the end of the last trading session. The stock volume traded in the last trading session was around 1.75 million shares. The current market cap of the company is around $5.38 billion.
GLBE: Q4 and Fiscal 2021 Key Financials
- Global-E Online Ltd. (GLBE) revenue in Q4 2021 was $82.7 million. It is a gain of more than 66% compared to the revenue of Q4 in 2020.
- In the fourth quarter, GMV was around $505 million.
- Fiscal year revenue was $245.3 million, and it is an increase of more than 87% compared to the revenue in fiscal 2020.
- The company’s net loss in Q4 2021 was around $22.5 million. The company announced a net income of $4.3 million in Q4 2020
- GLBE net loss in fiscal 2021 was around $74.9 million. Last year the net income was around $3.9 million.
GLBE 2022 Outlook
GLBE expects to have a GMV of $446-$456 million in the first quarter of 2022, with revenue of $74.5-$76.5. The company expects a GMV of $2.445 to $$2.495 billion with revenue between $411 to $421 million in fiscal 2022.
GLBE Founder and CEO remarks
With the fourth quarter’s revenue of $82.7 million and full-year revenue of $245.3 million, Global-founder E’s and CEO Amir Schlachet said that the company completed the year with its single most potent quarter in its history, pursuing its stable pattern of providing growth and strong execution. In 2021, the company was expected to grow at a steady pace of about 80% while also increasing its gross margin.
Conclusion
The company currently stands at reporting the most revenue-generating quarter in the company’s history. GLBE is amongst the best candidate for investors looking for a growth stock. Achieving high top-line growth while utilizing economies of scale and maintaining cash flow is the company’s goal. This is reflected in their 2022 projection, which anticipates 70% top-line growth.
