Bigcommerce Holdings, Inc. - BIGC STOCK NEWS

BigCommerce (BIGC) reported its Q4 and fiscal year 2024 results with full-year total revenue reaching $332.9 million, up 8% year-over-year. The company's total Annual Revenue Run-rate (ARR) grew 4% to $349.6 million, while Enterprise ARR increased 7% to $261.6 million.

Q4 revenue was $87.0 million, up 3% year-over-year, with subscription solutions revenue at $62.3 million. The company reported a GAAP net loss of ($2.4) million in Q4, improved from ($3.2) million in Q4 2023. Non-GAAP net income was $8.4 million.

For fiscal year 2025, BigCommerce expects revenue between $342.1 million and $350.1 million, with non-GAAP operating income between $20 million and $24 million. The company maintains strong liquidity with $179.6 million in cash and equivalents, while generating positive operating cash flow of $26.3 million for the full year 2024.

BigCommerce (BIGC) has announced two key leadership appointments: Rob Walter as Chief Revenue Officer and Michelle Suzuki as Chief Marketing Officer. Walter, with 20 years of ecommerce experience, previously held positions at Salesforce, Ebay, ChannelAdviser, and served as CRO at Amplience and OroCommerce, where he led significant growth initiatives.

Suzuki brings over 25 years of experience in scaling high-growth companies, including roles at EMC, Ancestry, and Ivanti. At Glassbox, she served as CMO, and at Instructure, she helped lead a successful $3 billion IPO in 2021. She has completed more than 10 M&A transactions throughout her career.

CEO Travis Hess emphasized that these appointments reflect BigCommerce's commitment to investing in top talent to achieve goals across BigCommerce, Feedonomics, and Makeswift, with a focus on reigniting growth and improving shareholder value.

BigCommerce (Nasdaq: BIGC), an open SaaS, composable ecommerce platform, has scheduled the release of its fourth quarter and fiscal year 2024 financial results before market open on February 20, 2025. The company will host a conference call and webcast at 8:00 a.m. ET on the same day to discuss financial results and business highlights.

Interested parties can access the conference call by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally. A telephone replay will be available until February 27, 2025, and a webcast replay will be accessible for 12 months on the company's investor relations website.

BigCommerce (BIGC) announced significant updates to Catalyst, its next-generation storefront technology, enabling one-click store launches from the Control Panel. The platform's key differentiator is its integrated marketing-friendly visual editor, Makeswift, which allows creating modern ecommerce storefronts without rigid templates or high development costs.

Catalyst integrates with core BigCommerce functionality, including customizable checkouts, APIs, catalog management, and B2B features. UPLIFT Desk, a Texas-based office furniture manufacturer, recently migrated to Catalyst to leverage its increased flexibility and composability. The platform offers Core Web Vital scores of 100 out-of-the-box and enables marketing teams to make real-time design adjustments without coding knowledge.

Built with Next.js and React, Catalyst provides a pre-configured foundation for developing high-performance ecommerce storefronts, allowing both marketing and development teams to create new digital experiences efficiently.

Mizuno USA has successfully launched its new website on BigCommerce's composable ecommerce platform, resulting in significant improvements in performance and efficiency. The sports brand has reported a 12% increase in average order value and a 90% reduction in checkout process time through integration with Bolt Commerce.

The migration to BigCommerce addressed key areas including improved customer experience with real-time product availability, enhanced operational efficiency, and future-ready flexibility. The marketing team experienced a 40% decrease in time needed to deploy site content and marketing campaigns. The new platform, built with MACH Alliance principles, replaced Mizuno's previous and closed architecture system, enabling better integration with third-party services and improved functionality through BigCommerce's app marketplace.

BigCommerce reported significant outperformance during Cyber Week 2024, with customers experiencing a 26% increase in gross merchandise value (GMV), surpassing the global average of 6%. The platform saw total orders increase by 13% and average order value (AOV) rise by 11%.

U.S. brands achieved a 27% GMV increase, while EMEA stores recorded even stronger results with a 39% GMV increase and 45% increase in orders. Top-performing sectors included apparel & accessories (52%), toys & games (44%), and sporting goods (38%). Mobile orders grew 7%, representing 35% of total orders, with iPhone accounting for 71% of mobile purchases.

The platform maintained 100% uptime during Cyber Week for the eleventh consecutive year, with the biggest sales increase occurring on Thanksgiving Day (36%), followed by Black Friday (28%) and Cyber Monday (25%).

BigCommerce (Nasdaq: BIGC), an Open SaaS ecommerce platform, has announced its participation in three upcoming investor conferences in December 2024. CFO Daniel Lentz will present at the UBS Global Technology and AI Conference on December 3 and the Raymond James TMT & Consumer Conference on December 9. Both CEO Travis Hess and CFO Lentz will present at the Barclays Global Technology Conference on December 12.

All presentations will feature meetings with institutional investors and will be available via live webcasts on BigCommerce's investor relations website, with replays accessible afterward.

Boxeur des Rues, an Italian streetwear brand, has launched a new website on BigCommerce's platform, implementing a headless commerce solution. The implementation, developed by Business Changers using Next.js and MACH principles, has shown immediate positive results: bounce rate decreased by 8%, site sessions increased by 14%, and page load times reduced from five seconds to under one second. The new platform provides an all-in-one solution with enhanced customization, scalability, and advanced tools, integrating with services like Google Analytics, AWS, and Stripe for improved performance and user experience.

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.