Global-e Online Ltd. (GLBE) is a main international platform enabling cross-border e-commerce. The company makes international sales as simple as domestic sales. The company’s digital solutions combine localization capacities, business intelligence models, streamlined global logistics, and massive cross-border experience.
The price of GLBE stock during early trading on February 17, 2022, was last checked to be $45.22 with a gain of 22.51%.
GLBE: Key Financials
On February 16, 2022, GLBE released its financial results for the fourth quarter ended December 31, 2021. The key features are below.
Revenue in Q4 2021 was $53.5 million compared to $82.7 million in the same period of 2020. The company observed a revenue decline of $29.1 million over the year. The company topped the revenue estimates by $5.08 million.
Diluted net loss per share in Q4 2021 was $22.5 million or $0.15 compared to net income of $4.3 million or $0.03 in the same quarter of 2020. The company observed a decrease in net income over the year. The company topped the analysts’ expected EPS target by $0.01.
GLBE: Events and Happenings
On January 04, 2022, GLBE updated about the completion of its acquisition of Flow Commerce Inc., which is a tech-based digital software solution provider for emerging brands. By leveraging Flow’s vigorous API technology, the company is in good shape to provide small businesses with the best solution utilizing AI algorithms for conversion optimization.
On November 3, 2021, GLBE reported about its entry into a partnership with Australia Post. Both the companies focused to support the Australian merchant’s speed-up their digital sales and improving their trades with global e-commerce.
On September 15, 2021, GLBE was informed about the closure of its underwritten secondary offering by certain stockholders of its 13,800,000 ordinary shares. The shares were offered to the public at $64.00 per share. The company did not receive any gross proceeds from the offering.
GLBE stock is 33% down and 80% up the past six months and last year respectively as it fluctuated in the previous year period. The recent gain in stock price is due to the earnings release of the company, as it topped the consensus-estimated revenue and EPS. Although the company’s financials are less strong than the previous year’s fourth quarter, it gained momentum in 2021.