Welcome to our dedicated page for BigCommerce Holdings Series 1 news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on BigCommerce Holdings Series 1 stock.
BigCommerce Holdings, Inc. Series 1 Common Stock (symbol: BIGC), is a leading provider of a robust e-commerce platform designed to empower businesses to launch, manage, and scale successful online stores. Established in 2009, BigCommerce facilitates both emerging and established brands with its sophisticated, yet user-friendly, Software-as-a-Service (SaaS) solution, combining ease-of-use with enterprise-grade functionality.
BigCommerce stands out due to its advanced features, superior site performance, and streamlined business processes. The company's clients benefit from capabilities that drive higher revenues compared to competitive e-commerce solutions. The platform supports thousands of retailers globally, boosting their reach across online marketplaces, social networks, and offline point-of-sale systems.
Product Highlights:
- Comprehensive tools for branding and customizing online stores.
- Seamless cross-channel integrations.
- High-performance hosting ensuring site speed and reliability.
- Flexible APIs for extensive customization.
The company's impressive growth is backed by significant financial support, having secured over $100 million in funding from reputable investors including SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate. This strong financial foundation has enabled BigCommerce to continuously enhance its platform and expand its global footprint.
Recent Achievements:
- First Quarter Total Revenue reached $80.4 million, marking a 12% increase compared to the prior year.
- Annual Recurring Revenue (ARR) totaled $340.1 million, with an 8% increase in Enterprise ARR.
The company is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia, supporting a broad geographical market including the Americas, EMEA, and APAC regions, with the majority of revenue generated from the U.S.
BigCommerce's commitment to innovation and customer success has positioned it as a trusted partner for numerous prominent brands such as Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols. With its open SaaS platform, BigCommerce continues to drive growth and efficiency for B2C and B2B companies across various industries.
Financial Overview:
- Consistent revenue growth with detailed quarterly financial outlooks.
- Commitment to transparency with regular updates and conference calls.
- Focus on maintaining a strong financial position to support ongoing innovation and customer success.
Join the next BigCommerce conference call on May 9, 2024, for a comprehensive discussion on financial results and business highlights. For more information and to access the live webcast, visit BigCommerce’s investor relations website.
BigCommerce (BIGC) reported Q3 2024 financial results with total revenue of $83.7 million, up 7% year-over-year. Total Annual Revenue Run-rate (ARR) reached $347.8 million, a 5% increase, while Enterprise ARR grew 7% to $256.9 million. The company achieved a non-GAAP operating income of $4.3 million, compared to a loss of $1.2 million in Q3 2023. The company appointed Travis Hess as new CEO and implemented a restructuring program. For Q4 2024, BigCommerce expects revenue between $85.8-87.8 million with 2-4% growth, and full-year 2024 revenue of $331.7-333.7 million, representing 7-8% growth.
BigCommerce's latest consumer survey reveals key insights into home furnishings shopping behaviors. The study of 3,000+ U.S. consumers shows that 48% prefer in-store purchases, while 28% favor online shopping. Social media leads product discovery at 48%, and 66% of shoppers bought bedroom essentials online. BOPIS (Buy Online, Pick Up in Store) has become standard, with 69% of shoppers using it in the past year. The survey also highlights the importance of flexible return policies, emerging technologies like AR/VR, and promotional strategies, with 82% of in-store shoppers willing to buy online for exclusive promotions.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with BigCommerce (Nasdaq: BIGC) to provide comprehensive omnichannel payment solutions to BigCommerce customers through its Nuvei for Platforms solution. The partnership, launching across North America, Europe, and APAC, offers a suite of services including payment acceptance, pre-authorization, refund management, advanced 3DS2 technology, multi-currency support, and embedded checkout integration.
Benefits for BigCommerce brands and retailers include bank-agnostic fast settlements, access to alternative payment methods, centralized payment management, and dedicated integration support. The collaboration aims to streamline operations, cater to diverse customer preferences, and optimize payment processing costs with same-day or next-day funding options.
BigCommerce Holdings, Inc. (Nasdaq: BIGC), an open SaaS, composable ecommerce platform, has announced it will report its financial results for the third quarter ended September 30, 2024, before market open on Thursday, November 7, 2024. The company will discuss financial results and business highlights on a conference call and webcast scheduled for 7:00 a.m. CT (8:00 a.m. ET) on the same day.
Interested parties can access the conference call by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the "BigCommerce conference call." A live webcast will be available on BigCommerce's investor relations website. A telephone replay will be accessible until November 14, 2024, and a webcast replay will be available for 12 months on the company's investor relations website.
BigCommerce (Nasdaq: BIGC) has announced significant leadership changes. Travis Hess has been appointed as the new CEO, replacing Brent Bellm. Hess, who joined BigCommerce as President in May 2024, brings extensive experience from roles at Accenture and other leading commerce agencies. Ellen Siminoff, a current board member, will assume the role of Executive Chair of the Board.
Hess's background includes leadership in direct-to-consumer commerce and partnerships with major platforms like Shopify. He has been recognized as one of the 30 Most Influential in Ecommerce. In his new role, Hess will be responsible for BigCommerce's global operations and overall growth.
The company has reaffirmed its financial guidance for the third quarter of fiscal 2024 as previously provided on August 1, 2024.
BigCommerce (Nasdaq: BIGC) has partnered with Ubique Digital to launch BigTravel, a unified solution for the travel industry. This collaboration aims to simplify operations and enhance customer experiences in a sector expected to contribute $11.1 trillion to global GDP in 2024. BigTravel offers:
1. A unified interface for managing bookings across channels
2. Automation of routine tasks
3. Simplified creation of custom travel packages
4. Seamless, mobile-optimized booking process
5. Personalized offerings and targeted promotions
6. Real-time adaptability for instant strategy adjustments
7. Fast implementation and lower migration risk
8. Pre-integrated social and advertising channels
The solution leverages BigCommerce's open, composable platform to empower travel agents and improve the traveler experience.
BigCommerce (Nasdaq: BIGC) announced that two of its customers, Joval Wines and Wovenbyrd™, have won global B2B Ecommerce Industry Awards from the B2B Ecommerce Association and Digital Commerce 360. Wovenbyrd, a US-based furniture company, won in the B2B Retailer of the Year category for its effective omnichannel operations and advanced customer engagement tools. Joval Wines, an Australian fine wine distributor, was honored in the Mid-Market B2B Ecommerce Distributor of the Year category for its sophisticated capabilities, including real-time customer-specific pricing and multi-location inventory management.
The awards program recognizes outstanding achievements in B2B ecommerce, celebrating innovation and success in the industry. BigCommerce's B2B Edition and partnership with elite agency Aligent were highlighted as key factors in the winners' success. Other BigCommerce customers, including AS Colour, Inhaven, and TradeTools, were also recognized as finalists in their respective categories.
BigCommerce (BIGC) has announced a range of platform updates and partner integrations as part of its 'Next Big Thing' product launch. Key enhancements include:
1. Catalyst + Makeswift: A visual editor for composable storefronts, enabling real-time collaboration and customization.
2. B2B improvements: Enhanced buyer role-based access control, advanced account hierarchy, and AI-integrated quote workflow.
3. Omnichannel selling: Feedonomics' Instant Commerce offering for BOPIS and local deliveries, plus integrations with Shein, Amazon, and TikTok.
4. Global sales tools: Localized checkout customization and support for Japanese language.
5. BigAI: AI-powered product recommendations, copywriting, and predictive analytics.
6. Checkout improvements: Fastlane by PayPal for accelerated guest checkout, and enhanced promotion targeting.
BigCommerce (Nasdaq: BIGC) has announced the winners of its 2024 Customer Awards, recognizing exceptional customers in four categories: Design, Innovation, Emerging Brand, and Shopper Experience. The winners are:
- Design: Oettinger Davidoff AG
- Innovation: Human-I-T
- Emerging Brand: The Linz Shop
- Shopper Experience: GlassCraft Door Company
Winners were selected by a panel of industry experts and will receive a $5,000 USD cash prize, branding on the NASDAQ Tower in Times Square valued at $15,000, and dedicated spotlights on BigCommerce's social channels. The awards celebrate innovative and inspiring customers using the BigCommerce platform to achieve success in ecommerce.
BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce platform, has announced a sell-side analyst Q&A session during its upcoming BigSummit conference. The session is scheduled for August 27, 2024, at 1:00 p.m. CDT in Austin, Texas.
Key company leaders, including CEO Brent Bellm, President Travis Hess, CFO Daniel Lentz, and CTO Brian Dhatt, will participate in the session. They will provide updates on strategic initiatives, technological advancements, and financial performance.
The Q&A session will be livestreamed on the BigCommerce investor relations website, with a replay available for one week after the event. This presents an opportunity for investors and analysts to gain insights into the company's direction and performance.
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