Global-e Online (GLBE) Reports In-Line Q3 EPS

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Go back to Global-e Online (GLBE) Reports In-Line Q3 EPS

Exhibit 99.1 Global-E Reports Record Third Quarter 2021 Results

November 9, 2021 4:06 PM EST

PETAH-TIKVA, Israel, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the company that makes global e-commerce border agnostic, today reported financial results for the third quarter of 2021 as well as the outlook for the full year 2021.

Our strong business momentum continued during the third quarter of 2021, once again breaking performance records, with quarterly revenues at an all-time high of $59.1 million, a 77% increase from the same quarter last year, and significant gross margin expansion, said Amir Schlachet, Founder and CEO of Global-e. With numerous client and partnership launches, a healthy and growing... More