Financial HealthAt 1Q24 end, GCT held $196.2M of cash or 13.4% of its share price and no debt, indicating that operations and growth can be funded without the need to raise capital.
Market ShareThe company continues to gain market share in the Home category that was negatively impacted by high interest rates, inflationary pressure, and shifting consumer spending patterns.
Network EffectGCT benefits from a network effect with 1,111 active sellers, up 36.3% y/y, and 9,306 active buyers, up 85.7%, on its platform.