07:34 AM EDT, 05/20/2024 (MT Newswires) -- Global-e Online ( GLBE ) reported a Q1 loss Monday of $0.19 per diluted share, compared with a loss of $0.26 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.24.

Revenue for the quarter ended March 31 was $145.9 million, up from $117.6 million a year earlier.

Analysts surveyed by Capital IQ expected $141.5 million.

The company said it expects Q2 revenue of $162.5 million to $168.5 million. Analysts polled by Capital IQ expect $170.5 million.

For full-year 2024, the company said it now expects revenue of $733 million to $773 million, compared with prior outlook of $731 million to $771 million. Analysts polled by Capital IQ expect $749.8 million.

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