Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce (NASDAQ: BIGC) announces the launch of StagingPro, a tech integration for enterprise merchants, enhancing the staging and deployment process. StagingPro enables teams to rapidly develop and deploy multiple store builds from a single dashboard, minimizing risks. Key features include:

• Accelerated Production-to-Market Cycles for efficient project management.
• Secure Replicas for risk-free testing and deployment.
• Seamless Integration with tools like GitHub and Atlassian Jira.

StagingPro is currently available in the US, UK, and ANZ.

BigCommerce (NASDAQ: BIGC) reported a significant 32% increase in gross merchandise value (GMV) during Cyber Week 2022 compared to 2021. The successful five-day period also saw total orders rise by 25%. Black Friday and Cyber Monday were the peak sales days, with GMV up 31% and 32% respectively. Mobile sales decreased slightly to 38% of total orders, while alternative payment methods like buy now, pay later saw a notable increase of 25%. BigCommerce achieved 100% uptime during Cyber Week for the ninth consecutive year.

BigCommerce reported strong sales performance during the Thanksgiving and Black Friday shopping days. On Black Friday, the gross merchandise value (GMV) for BigCommerce merchants increased by 31%, with a 25% rise in total orders and a 4.5% boost in average order value (AOV) compared to 2021. Similarly, Thanksgiving sales rose by 23% in GMV and 22% in total orders. This growth outpaced overall retail sales growth, which was only up 1.4% on Black Friday and 2.9% on Thanksgiving. BigCommerce merchants are significantly benefiting from the current retail landscape.

BigCommerce, a prominent Open SaaS ecommerce platform (Nasdaq: BIGC), announced that Daniel Lentz, SVP of Finance and Investor Relations, will present at the Raymond James Technology Investors Conference on December 6, 2022, at 1:40 p.m. ET. The live presentation will be available on BigCommerce's investor relations website, with a replay accessible afterward. BigCommerce empowers B2C and B2B brands globally, offering a user-friendly platform for businesses of all sizes to create engaging online stores.

BigCommerce reported Q3 2022 total revenue of $72.4 million, up 22% year-over-year, with an annual recurring revenue (ARR) of $305.3 million, reflecting a 20% increase. Subscription revenue rose 26% to $53.2 million. However, the company incurred a GAAP net loss of $30.3 million. Operating loss was $30.6 million, compared to $21.3 million in Q3 2021. BigCommerce anticipates Q4 revenue between $72.4 million and $74.2 million, implying 12% to 14% organic growth.

BigCommerce has launched a new integration with Snapchat, enabling merchants to create and manage ad campaigns directly from its platform. This integration allows merchants to sync product catalogs and access Snapchat's audience of 363 million daily active users. The tool aims to enhance customer reach and optimize ad performance, helping businesses scale effectively. The app is available through the BigCommerce Channel Manager and is designed to attract a younger audience, ultimately driving revenue growth.

BigCommerce announced that Jimmy Brings, a leading alcohol delivery service in Australia, has launched a progressive web app (PWA) storefront using BigCommerce’s headless architecture. This new platform enhances customer experience by minimizing disruptions and improving navigation. It integrates advanced technologies, such as Algolia for product rendering and Talon.one for promotion management. BigCommerce aims to strengthen its market position by supporting the evolution of businesses like Jimmy Brings.

BigCommerce has partnered with IAG Loyalty Retail to launch The Wine Flyer, an online wine store for British Airways Executive Club members to earn and redeem Avios. This venture showcases the Open SaaS capabilities of BigCommerce, allowing for quick implementation and integration with various tech partners. The store features over 140 wine varieties and integrates Adyen for payment processing and Klevu for product discovery. The project emphasizes flexibility, scalability, and a customer-centric shopping experience tailored for loyalty program members.

BigCommerce (NASDAQ: BIGC) has appointed Rosie Rivel as its first Chief Information Officer. Rivel will oversee business applications and IT teams to enhance productivity and efficiency. With over 13 years at Kelly Services, Rivel has extensive experience in technology management. BigCommerce aims to leverage her expertise to innovate and streamline processes, ultimately benefiting customers, employees, and investors. Rivel's priority is to equip teams with the necessary tools for merchant success as the company continues to evolve in the ecommerce landscape.