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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

August 6, 2024
Date of Report (date of earliest event reported)
___________________________________
GigaCloud Technology Inc
(Exact name of registrant as specified in its charter)
___________________________________

Cayman Islands
(State or other jurisdiction of
incorporation or organization)
001-41454
(Commission File Number)
00-0000000
(I.R.S. Employer Identification Number)
4388 Shirley Ave
El Monte, CA 91731
(Address of principal executive offices and zip code)
(626) 912-8886
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A ordinary shares, par value $0.05 per shareGCTThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth companyx
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02. Results of Operations and Financial Condition.
On August 6, 2024, GigaCloud Technology Inc (the “Company” or “GigaCloud”) issued a press release announcing its financial results for the quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 - Financial Statements and Exhibits
(d) The following exhibits are being filed herewith:

Exhibit No.Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 6th day of August 2024.



GigaCloud Technology Inc
By:
/s/ Larry Lei Wu
Name:
Larry Lei Wu
Title:
Chairman of the Board of Directors and
Chief Executive Officer


Exhibit 99.1
GigaCloud Technology Inc Announces Second Quarter and Six Months Ended June 30, 2024 Financial Results
-- Total Revenues More Than Doubled, Reaching a Record High
Significant Growth in Adjusted EBITDA Reflects Enhanced Operational Efficiency and Profitability --
EL MONTE, Calif., August 6, 2024 — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the second quarter and six months ended June 30, 2024, including continued robust growth in revenues, gross profit, and net income over the comparable period last year.
Second Quarter 2024 Financial Highlights
•Total revenues of $310.9 million grew 103.1% from $153.1 million in the second quarter of 2023.
•Gross profit of $76.4 million increased 89.1% from $40.4 million in the second quarter of 2023.
Gross margin was 24.6% compared to 26.4% in the second quarter of 2023, primarily relating to the ongoing optimization of newly added warehouses and higher delivery costs in the 2024 period compared with last year.
•Net income of $27.0 million, grew 46.7% from $18.4 million in the second quarter of 2023.     
Net income margin was 8.7%, compared with 12.0% in the second quarter of 2023, primarily driven by the concentrated granting and vesting of share-based awards during the second quarter of 2024. Share-based compensation expense was $13.9 million compared to $1.5 million in the second quarter of 2023.
Diluted EPS increased 44.4% to $0.65 from $0.45 in the second quarter of 2023.
•Adjusted EBITDA1 increased 71.5% to $42.7 million from $24.9 million in the second quarter of 2023.
Adjusted EPS – diluted2 increased 68.9% to $1.03, from $0.61 in the second quarter of 2023.
•Cash, Cash Equivalents, Restricted Cash, and Investments totaled $208.7 million as of June 30, 2024, increasing 13.3% from $184.2 million as of December 31, 2023.
Year to Date 2024 Financial Highlights
•Total revenues of $561.9 million, grew 100.0% from $280.9 million in the same period of 2023.
•Gross profit of $143.0 million, increased 104.6% from $69.9 million in the same period of 2023.
Gross margin was 25.4%, compared to 24.9% for the same period of 2023.
•Net income of $54.2 million, grew 58.0% from $34.3 million in the same period of 2023.
Net income margin was 9.6%, compared with 12.2% in the same period of 2023, primarily driven by the concentrated granting and vesting of share-based awards during the second quarter of 2024.
Diluted EPS increased 57.1% to $1.32 from $0.84 in the same period of 2023.
•Adjusted EBITDA3 increased 72.7% to $77.2 million from $44.7 million in the same period of 2023.
Adjusted EPS – diluted4 increased 72.5% to $1.88 from $1.09 in the same period of 2023.
1     Adjusted EBITDA is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EBITDA” set forth at the end of this press release.
2     Adjusted EPS – diluted is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.
3     Adjusted EBITDA is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EBITDA” set forth at the end of this press release.
4     Adjusted EPS – diluted is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measure” and the table captioned “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.
1

Operational Highlights
•GigaCloud Marketplace GMV5 increased 80.7% to $1,097.8 million in the 12 months ended June 30, 2024 from $607.5 million in the same period of 2023.
•3P seller GigaCloud Marketplace GMV6 grew 76.1% to $571.9 million in the 12 months ended June 30, 2024 from $324.7 million in the same period of 2023. 3P seller GigaCloud Marketplace GMV represented 52.1% of total GigaCloud Marketplace GMV in the 12 months ended June 30, 2024, compared with 53.4% in the same period of 2023.
•Active 3P sellers7 increased 39.8% to 930 in the 12 months ended June 30, 2024 from 665 in the same period of 2023.
•Active buyers8 increased 66.8% to 7,257 in the 12 months ended June 30, 2024 from 4,351 in the same period of 2023.
•Spend per active buyer9 increased 8.3% to $151,276 in the 12 months ended June 30, 2024 from $139,629 in the same period of 2023.

“We are pleased to report continued remarkable revenue growth through the second quarter of 2024, a reflection of our persistent efforts in expanding Marketplace product and service offerings, including the successful integration of the Noble House acquisition,” said Larry Wu, Founder, Chairman and Chief Executive Officer of GigaCloud. “These achievements demonstrate the surging demand for our Marketplace and the efficiency it brings for buyers and sellers of big and bulky, non-standard items.
“Our strong adjusted EBITDA results, despite industry-wide headwinds and soaring ocean freight costs during this period, serve as a testament to the resilience of our Supplier Fulfilled Retailing, SFR, business model,” said Wu, “In recognition of the GigaCloud team's accomplishments and dedication, the Company issued our annual employee stock-based compensation awards during the second quarter. In accordance with Company tradition, the majority concentration of grants are vested and expensed within the same quarter.
“In addition to our strong financial performance, we are thrilled to announce that our industry-first Branding-as-a-Service, or BaaS, has entered its pilot phase and is already experiencing growing interest among both existing and new Marketplace sellers, who want to stand out and amplify their product awareness among buyers. By providing a comprehensive service toolbox, we are committed to driving sustainable, profitable growth and fostering stronger loyalty and engagement within our Marketplace community,” said Wu.
Business Outlook
The Company expects its total revenues to be between $266 million and $282 million in the third quarter of 2024. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.

5    GigaCloud Marketplace GMV means the total gross merchandise value of transactions ordered through our GigaCloud Marketplace including GigaCloud 3P and GigaCloud 1P, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.
6     3P seller GigaCloud Marketplace GMV means the total gross merchandise value of transactions sold through our GigaCloud Marketplace by 3P sellers, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.
7    Active 3P sellers means sellers who have sold a product in GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.
8    Active buyers means buyers who have purchased a product in the GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.
9    Spend per active buyer is calculated by dividing the total GigaCloud Marketplace GMV within the last 12-month period by the number of active buyers as of such date.
2

Conference Call
The Company will host a conference call to discuss its financial results at 8:00 am U.S. Eastern Time (8:00 pm Hong Kong Time) on August 7, 2024. Participants who wish to join the call should pre-register here at https://s1.c-conf.com/diamondpass/10040859-gqrny5.html. Upon registration, participants will receive the dial-in number and a unique PIN, which can be used to join the conference call. If participants register and forget their PIN or lose their registration confirmation email, they may re-register to receive a new PIN. All participants are encouraged to dial in 15 minutes prior to the start time.
A live and archived webcast of the conference call will be accessible on the Company’s investor relations website at: https://investors.gigacloudtech.com/.
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/.
Non-GAAP Financial Measures
The Company uses certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EPS – diluted, to understand and evaluate its core operating performance. Adjusted EBITDA is net income excluding interest, income taxes and depreciation, further adjusted to exclude share-based compensation expense. Adjusted EPS – diluted is a financial measure defined as our Adjusted EBITDA divided by our diluted weighted-average shares outstanding, respectively. Management uses Adjusted EBITDA and Adjusted EPS – diluted as measures of operating performance, for planning purposes, to allocate resources to enhance the financial performance of our business, to evaluate the effectiveness of our business strategies and in communications with our Board of Directors and investors concerning our financial performance. Non-GAAP financial measures, which may differ from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP.
For more information on the non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliation of Adjusted EBITDA” and “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.
Forward-Looking Statements
This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
GigaCloud Technology Inc
Investor Relations
Email: ir@gigacloudtech.com
3

PondelWilkinson, Inc.
Laurie Berman (Investors) – lberman@pondel.com
George Medici (Media) – gmedici@pondel.com

4
GigaCloud Technology Inc
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands except for share data and per share data)
(unaudited)
December 31, 2023June 30, 2024
ASSETS
Current assets
Cash and cash equivalents
$183,283 $185,623 
Restricted cash
885 905 
Investments
— 22,197 
Accounts receivable, net
58,876 69,615 
Inventories
132,247 197,554 
Prepayments and other current assets
17,516 17,476 
Total current assets
392,807 493,370 
Non-current assets
Operating lease right-of-use assets
398,922 495,435 
Property and equipment, net
24,614 22,721 
Intangible assets, net
8,367 7,279 
Goodwill
12,586 12,586 
Deferred tax assets
1,440 7,854 
Other non-current assets
8,173 15,778 
Total non-current assets
454,102 561,653 
Total assets
$846,909 $1,055,023 
5
GigaCloud Technology Inc
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (continued)
(In thousands)
December 31, 2023June 30, 2024
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable (including accounts payable of VIEs without recourse to the Company of $11,563 and nil as of December 31, 2023 and June 30, 2024, respectively)$69,757 $79,855 
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $736 and nil as of December 31, 2023 and June 30, 2024, respectively)
5,537 6,497 
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $1,305 and nil as of December 31, 2023 and June 30, 2024, respectively)
57,949 76,404 
Income tax payable (including income tax payable of VIEs without recourse to the Company of $3,644 and nil as of December 31, 2023 and June 30, 2024, respectively)
15,212 14,498 
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $2,774 and nil as of December 31, 2023 and June 30, 2024, respectively)
57,319 71,754 
Total current liabilities
205,774 249,008 
Non-current liabilities
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $553 and nil as of December 31, 2023 and June 30, 2024, respectively)343,511 440,595 
Deferred tax liabilities
3,795 3,335 
Finance lease obligations, non-current
111 196 
Non-current income tax payable
3,302 3,470 
Total non-current liabilities
350,719 447,596 
Total liabilities
$556,493 $696,604 
Commitments and contingencies
$— $— 
6
GigaCloud Technology Inc
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands except for share data and per share data)
(unaudited)
December 31, 2023June 30, 2024
Shareholders’ equity
Treasury shares, at cost (294,029 and 272,728 shares held as of December 31, 2023 and June 30, 2024, respectively)$(1,594)$(1,594)
Class A ordinary shares ($0.05 par value, 50,673,268 shares authorized, 31,738,632 and 33,557,419 shares issued as of December 31, 2023 and June 30, 2024, respectively, 31,455,148 and 33,286,162 shares outstanding as of December 31, 2023 and June 30, 2024, respectively)1,584 1,676 
Class B ordinary shares ($0.05 par value, 9,326,732 shares authorized as of December 31, 2023 and June 30, 2024, respectively, $9,326,732 and $8,076,732 shares issued and outstanding as of December 31, 2023 and June 30, 2024, respectively)466 403 
Additional paid-in capital
111,736 125,922 
Accumulated other comprehensive income
526 150 
Retained earnings
177,698 231,862 
Total shareholders’ equity
290,416 358,419 
Total liabilities and shareholders’ equity
$846,909 $1,055,023 


7
GigaCloud Technology Inc
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands except for share data and per share data)
(unaudited)
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202420232024
Revenues
Service revenues$43,278 $85,378 $78,374 $152,793 
Product revenues109,852 225,489 202,553 409,151 
Total revenues153,130 310,867 280,927 561,944 
Cost of revenues
Services34,782 74,040 63,549 128,471 
Product sales77,984 160,380 147,440 290,478 
Total cost of revenues112,766 234,420 210,989 418,949 
Gross profit40,364 76,447 69,938 142,995 
Operating expenses
Selling and marketing expenses9,535 19,460 16,431 34,040 
General and administrative expenses6,897 26,280 11,047 41,669 
Research and development expenses532 3,097 1,204 4,853 
Losses on disposal of property and equipment— 162 — 168 
Total operating expenses16,964 48,999 28,682 80,730 
Operating income23,400 27,448 41,256 62,265 
Interest expense(804)(59)(917)(140)
Interest income484 2,244 1,074 3,853 
Foreign currency exchange gains (losses), net(815)(1,107)570 (3,816)
Government grants395 2 395 8 
Others, net(1)506 (22)184 
Income before income taxes22,659 29,034 42,356 62,354 
Income tax expense(4,269)(2,065)(8,025)(8,190)
Net income$18,390 $26,969 $34,331 $54,164 
Net income attributable to ordinary shareholders18,390 26,969 34,331 54,164 
Foreign currency translation adjustment, net of nil income taxes(307)(266)(501)(378)
Net unrealized gains on available-for-sale investments— 2 — 2 
Total other comprehensive loss
(307)(264)(501)(376)
Comprehensive Income$18,083 $26,705 $33,830 $53,788 
Net income per ordinary share
—Basic$0.45 $0.65 $0.84 $1.32 
—Diluted$0.45 $0.65 $0.84 $1.32 
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share
—Basic40,896,42341,295,21640,806,95941,041,937
—Diluted40,941,90441,407,20740,852,43941,150,585
8
GigaCloud Technology Inc
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(unaudited)
Six Months Ended
June 30,
20232024
Cash flows from operating activities:
Net income$34,331 $54,164 
Adjustments to reconcile net income to net cash provided by operating activities:
Allowance for doubtful accounts3 307 
Inventory write-down1,305 791 
Loss on other assets
— 327 
Deferred tax(43)(6,877)
Share-based compensation1,757 14,147 
Depreciation and amortization760 4,145 
Loss from disposal of property and equipment— 168 
Operating lease880 19,019 
Unrealized foreign currency exchange gains(307)(642)
Others— 1,896 
Changes in operating assets and liabilities:
Accounts receivable(3,300)(11,081)
Inventories(7,753)(67,994)
Prepayments and other assets(2,226)(1,376)
Accounts payable2,915 9,916 
Contract liabilities92 997 
Income tax payable344 (261)
Accrued expenses and other current liabilities9,883 16,771 
Net cash provided by operating activities38,641 34,417 
Cash flows from investing activities:
Cash paid for purchase of property and equipment(158)(10,196)
Cash received from disposal of property and equipment— 1,636 
Purchases of investments— (21,843)
Net cash used in investing activities$(158)$(30,403)
Cash flows from financing activities:
Repayment of finance lease obligations$(909)$(1,149)
Repayment of bank loans(145)— 
Net cash used in financing activities(1,054)(1,149)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash(101)(505)
Net increase in cash, cash equivalents and restricted cash37,328 2,360 
Cash, cash equivalents and restricted cash at the beginning of the period145,076 184,168 
Cash, cash equivalents and restricted cash at the end of the period182,404 $186,528 
Supplemental disclosure of cash flow information
Cash paid for interest expense917 $140 
Cash paid for income taxes7,724 $16,562 
9
GigaCloud Technology Inc
UNAUDITED RECONCILIATION OF ADJUSTED EBITDA
(In thousands, except for per share data)
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202420232024
(In thousands)
Net income$18,390 $26,969 $34,331 $54,164 
Add: Income tax expense4,269 2,065 8,025 8,190 
Add: Interest expense804 59 917 140 
Less: Interest income(484)(2,244)(1,074)(3,853)
Add: Depreciation and amortization380 2,064 760 4,145 
Add: Share-based compensation expense1,510 13,872 1,757 14,147 
Add: Non-recurring items(1)
— (41)— 308 
Adjusted EBITDA$24,869 $42,744 $44,716 $77,241 
_____________________
(1)    One of our fulfillment centers in Japan experienced a fire in March 2024. We recognized losses as a result of the fire. Based on the provisions of our insurance policy, the gross losses have been reduced by the estimated insurance proceeds expected to be received from our insurance carrier. We have determined that partial recovery of the incurred losses is probable and therefore recorded gains of $41 thousand in the three months ended June 30, 2024 and net losses of $308 thousands in the six months ended June 30, 2024. We do not believe such losses to be recurring or frequent in nature.
UNAUDITED RECONCILIATION OF ADJUSTED EPS – DILUTED
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202420232024
Net income per ordinary share – diluted
$0.45 $0.65 $0.84 $1.32 
Adjustments, per ordinary share:
Add: Income tax expense0.10 0.05 0.20 0.20 
Add: Interest expense0.02 — 0.02 — 
Less: Interest income(0.01)(0.05)(0.03)(0.09)
Add: Depreciation and amortization0.01 0.05 0.02 0.10 
Add: Share-based compensation expenses0.04 0.33 0.04 0.34 
Add: Non-recurring items(1)
— — — 0.01 
Adjusted EPS – diluted$0.61 $1.03 $1.09 $1.88 
Weighted average number of ordinary shares outstanding - diluted40,941,904 41,407,207 40,852,439 41,150,585 
_____________________
(1)    One of our fulfillment centers in Japan experienced a fire in March 2024. We recognized losses as a result of the fire. Based on the provisions of our insurance policy, the gross losses have been reduced by the estimated insurance proceeds expected to be received from our insurance carrier. We have determined that partial recovery of the incurred losses is probable and therefore recorded gains of $41 thousand in the three months ended June 30, 2024 and net losses of $308 thousands in the six months ended June 30, 2024. We do not believe such losses to be recurring or frequent in nature.
10
v3.24.2.u1
Cover
Aug. 06, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Aug. 06, 2024
Entity Registrant Name GigaCloud Technology Inc
Entity Incorporation, State or Country Code E9
Entity File Number 001-41454
Entity Tax Identification Number 00-0000000
Entity Address, Address Line One 4388 Shirley Ave
Entity Address, City or Town El Monte
Entity Address, State or Province CA
Entity Address, Postal Zip Code 91731
City Area Code 626
Local Phone Number 912-8886
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A ordinary shares, par value $0.05 per share
Trading Symbol GCT
Entity Emerging Growth Company true
Entity Ex Transition Period false
Amendment Flag false
Entity Central Index Key 0001857816
NASDAQ - ALL MARKETS  
Document Information [Line Items]  
Security Exchange Name NASDAQ
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