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Global-e Online Ltd. (GLBE) Q3 2023 Earnings Call Transcript

The headline numbers for Global-e Online Ltd. (GLBE) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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PETAH-TIKVA, Israel, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today announced it will report financial results for the third quarter ended September 30, 2023, before market opens on Wednesday, November 15, 2023.

We assess Global-e Online Ltd as a potential investment opportunity for growth potential in the expanding e-commerce industry and improving profitability. Despite downward pressures on Israel-based stocks, the resilience of the Israeli economy and support from Wall Street analysts suggest the downturn is temporary for Global-e Online. Global-e's recent financial performance shows growth in gross merchandise value, revenue, and non-GAAP gross profit, indicating positive momentum for the company.

Global-E has a solid execution track record. It is playing in a massive and growing cross-border market.

Shopify is capturing market share in various categories as e-commerce continues to grow. Global-e offers critical services to online retailers, helping them increase efficiency and sales.

Global-e's headline numbers for the second quarter easily exceeded estimates. The cross-broder e-commerce enablement specialist also raised its full-year outlook.

Although the revenue and EPS for Global-e Online Ltd. (GLBE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

PETAH-TIKVA, Israel, July 25, 2023 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today announced it will report financial results for the second quarter ended June 30, 2023, before market opens on Tuesday, August 8, 2023.