- Global-E Online Ltd (NASDAQ:GLBE) reported second-quarter FY21 revenue growth of 92% year-on-year, to $57.29 million, beating the analyst consensus of $47.61 million.
- Gross Merchandise Value (GMV) rose 95% Y/Y to $326 million.
- Service fees revenue grew by 104%, and Fulfillment fees increased by 86%.
- The gross profit increased 113.1% Y/Y to $20.6 million, and the gross margin expanded 360 basis points Y/Y to 36%.
- The company incurred an operating loss of $(19.5) million.
- Adjusted EBITDA of $7.6 million increased 145.2% Y/Y.
- Loss per share was $(0.25), versus $(0.02) last year.
- The company held $394.37 million in cash and equivalents as of June 30, 2021.
- Outlook: Global-E Online raised FY21 sales guidance to $227 million – $231 million (prior $209 million – $213.5 million), versus the consensus of $210.95 million.
- For Q3, it sees revenue of $54.3 million – $56.3 million versus the consensus of $48.44 million.
- Price Action: GLBE shares are trading higher by 5.59% at $72.10 in premarket on the last check Tuesday.
Auxly Cannabis Group Boosts Financial Position With Amendments To Previous $123M Convertible Debenture
Cannabis-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) on Tuesday announced the implementation of amendments to particular provisions of its previously issued debenture with tobacco giant Imperial Brands PLC.
