Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce (NASDAQ: BIGC) has announced the winners of its 2021 Partner Awards, recognizing top-performing agency and technology partners globally for their significant contributions during market fluctuations. Winners are honored in categories such as Agency Partner of the Year, New Partner of the Year, and more, highlighting their commitment to helping merchants thrive. This year's awards featured 17 categories across the Americas, APAC, and EMEA regions. BigCommerce aims to leverage its partner ecosystem for innovation and growth in the ecommerce sector.

BigCommerce Holdings, Inc. (Nasdaq: BIGC) reported robust financial results for Q4 2021, achieving $64.9 million in revenue, a 50% year-over-year increase. The total annual recurring revenue (ARR) reached $268.7 million, up 48% year-over-year. Subscription revenue hit $46.9 million, reflecting a 58% increase. Despite these gains, the company noted a GAAP operating loss of ($33.8) million. For Q1 and full year 2022, guidance estimates total revenue between $271.6 million and $283.6 million, indicating a 24% to 29% growth rate.

BigCommerce (Nasdaq: BIGC) has partnered with Digital River to launch a comprehensive Merchant of Record solution aimed at simplifying cross-border selling for mid-market to enterprise merchants. This integration offers a unified solution managing payments, taxes, and compliance, enabling merchants to enter new markets faster and reduce operational costs by up to 30%. The solution enhances localized checkout experiences, minimizes financial complexities, and mitigates legal risks in over 240 markets. This development aligns with the growing demand for international ecommerce capabilities.

Extend has been named a BigCommerce Elite Technology Partner, providing 60,000 merchants with customized protection plans and extended warranties. This integration aims to enhance the post-purchase experience for BigCommerce users, leveraging AI technology for optimized claims resolution. Merchants using Extend's services reported a 9.3% higher repeat purchase rate for customers with protection plans. Extend's innovative approach is expected to increase merchant revenue and customer satisfaction, reinforcing its position in the extended warranty industry.

BigCommerce (NASDAQ: BIGC) has announced its acquisition of B2B Ninja, enhancing its position in the B2B ecommerce sector. This strategic move aims to improve the ecommerce capabilities of B2B merchants by integrating B2B Ninja's advanced quoting solutions. B2B ecommerce in the U.S. is projected to reach $1.8 trillion by 2023, making this acquisition timely. The integration will allow BigCommerce to provide more streamlined and effective ecommerce solutions, complementing its newly launched B2B Edition.

BigCommerce (NASDAQ: BIGC) has expanded its operations into Germany, Mexico, and Spain, enhancing its global presence. This move is timely as global retail ecommerce sales are projected to reach USD 6.388 billion by 2024. The company aims to support local merchants with multi-language, multi-currency, and secure payment options, alongside robust omnichannel capabilities. Established brands like Tienda Chivas and Diageo are already leveraging BigCommerce’s platform to enhance their online business.

BigCommerce Holdings (Nasdaq: BIGC) will report its Q4 2022 financial results post-market on February 28, 2022. The results and highlights will be discussed during a conference call at 5:00 p.m. ET. Investors can access the call by dialing provided numbers or via webcast on their investor relations page. BigCommerce offers a top-tier ecommerce platform for businesses globally, serving numerous well-known brands across various sectors.

BigCommerce (NASDAQ: BIGC) has been selected by Tottenham Hotspur to enhance its online store, enabling international expansion. The partnership aims to optimize ecommerce functionality, providing features like seamless checkout and personalized shopping experiences. BigCommerce's Open SaaS platform, known for flexibility and integrated payment options, was pivotal in this choice. The collaboration enhances fan engagement not just in the UK but also in significant markets like APAC and North America.