Brief: Global-E Reports First Quarter 2023 Results

Global-E Online

22/05/2023 13:19

May 22 (Reuters) - Global-E Online Ltd  GLBE.O :
    * GLOBAL-E REPORTS FIRST QUARTER 2023 RESULTS
    * GMV IN Q1 OF 2023 WAS $703.9 MILLION, AN INCREASE OF 55%
YEAR
OVER YEAR
    * REVENUE IN Q1 OF 2023 WAS $117.6 MILLION, AN INCREASE OF
54%
YEAR OVER YEAR
    * NET LOSS IN Q1 OF 2023 WAS $43.1 MILLION
    * QTRLY BASIC AND DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO
ORDINARY SHAREHOLDERS OF $0.26
    * SEES FY23 GMV $3,400 MILLION - $3,550 MILLION
    * SEES FY23 REVENUE $562 MILLION  - $590 MILLION
    * FY2023 REVENUE VIEW $577.7 MILLION -- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $-0.29, REVENUE VIEW $111.7
MILLION
-- REFINITIV IBES DATA
    * SEES Q2 REVENUE $125 MILLION - $130 MILLION
    * Q2 REVENUE VIEW $128.0 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX42jPtZ 
Further company coverage:  GLBE.O 

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