Global-E Online Expects Q1 Revenue of $138.5M-$145M Vs $150.48M Est, FY24 Revenue of $731M-$771M Vs $756.02M Est
Portfolio Pulse from Benzinga Newsdesk
Global-E Online has provided its Q1 2024 and full year 2024 financial guidance, projecting Q1 revenue to be between $138.5M and $145M, which is below the estimated $150.48M. For FY 2024, the company expects revenue to range from $731M to $771M, compared to the estimated $756.02M. Additionally, Global-E forecasts Gross Merchandise Value (GMV) to be between $875M and $915M for Q1 and between $4,590M and $4,830M for the full year. Adjusted EBITDA is anticipated to be between $16M and $20M for Q1 and between $121M and $137M for FY 2024.
February 21, 2024 | 12:12 pm
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Global-E Online projects lower-than-expected Q1 2024 revenue and provides full year 2024 guidance with revenue and adjusted EBITDA forecasts.
The projected Q1 2024 revenue being below the estimated figures suggests a potential short-term negative impact on Global-E Online's stock price. The full year guidance, while within a range, still indicates a cautious outlook which may affect investor sentiment.
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