Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce reported a strong fourth quarter for 2020 with total revenue of $43.1 million, a 39% year-over-year increase. The total annual revenue run-rate (ARR) reached $181.2 million, up 41% year-over-year. Enterprise account ARR saw significant growth, reaching $100.8 million (up 51%). However, the GAAP net loss was $14.2 million, widening from $10.3 million in Q4 2019. Looking ahead, BigCommerce expects Q1 2021 revenue between $41.8 million and $42.3 million and for the full year, $189.0 million to $191.0 million.

BigCommerce (Nasdaq: BIGC), a prominent Open SaaS ecommerce platform, announced its participation in several upcoming virtual investor conferences. CEO Brent Bellm and CFO Robert Alvarez will represent the company at:

• KeyBanc Emerging Technology Summit on February 25, 2021
• Morgan Stanley Technology Conference on March 1, 2021
• Truist Securities Conference on March 9, 2021

Additionally, Bellm will speak at the Canaccord Genuity eCommerce Forum on March 24, 2021. Live webcasts for these presentations will be accessible via BigCommerce's investor relations website.

BigCommerce (Nasdaq: BIGC) has rescheduled its fourth quarter and year-end 2020 earnings release due to weather-related power outages in Central Texas. The updated financial results will be reported after market close on February 22, 2021, followed by a conference call at 4:00 p.m. CT (5:00 p.m. ET). Interested parties can access the call by dialing specified numbers or via webcast on the company's investor relations website. A replay will be available afterwards for a limited time.

BigCommerce Holdings (Nasdaq: BIGC) will announce its Q4 2020 and fiscal year results on February 18, 2021, after market close. The financial results will be discussed during a conference call at 5:00 p.m. ET the same day. Interested parties can join by dialing (833) 519-1347 (US) or (914) 800-3909 (international) with the conference ID 7799601. A live webcast will also be available on the investor relations website. This meeting will provide insights into BigCommerce's performance and future business direction.

BigCommerce (Nasdaq: BIGC) announced a partnership with EPAM Systems, enhancing digital experience for its merchants. This collaboration offers access to EPAM's expertise in creating customer-centric experiences. EPAM, recognized in Fortune’s 100 Fastest-Growing Companies list, employs over 38,000 professionals and focuses on modernizing sales and marketing. BigCommerce recently joined the MACH Alliance to promote open technology ecosystems. This partnership aims to help ecommerce companies scale their digital presence and adapt to retail trends, boosting online revenue opportunities.

BigCommerce, a prominent Open SaaS ecommerce platform, has announced its participation in several upcoming virtual investor conferences. CEO Brent Bellm and CFO Robert Alvarez will present at:

• Raymond James Technology Investors Conference on December 7, 2020, at 9:40 a.m. ET
• Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 11:00 a.m. ET
• Needham Virtual Growth Conference on January 12, 2021, at 1:15 p.m. ET

Live webcasts and replays will be available on the BigCommerce investor relations website.

BigCommerce (Nasdaq: BIGC) reported record-breaking sales during Cyber Week with a 74% year-over-year increase in gross merchandise volume (GMV). The platform achieved 100% performance uptime for the seventh year in a row. Highlights include an 86% YoY GMV increase on Sunday and an 84% increase on Thanksgiving Day. Average order value rose by 17% YoY, reaching $164 on Cyber Monday. The number of orders during Cyber Week increased by 48%, with Sporting Goods, Furniture, and Apparel seeing the largest YoY GMV increases.

BigCommerce Holdings announced the full exercise of the underwriters' option to purchase an additional 750,000 shares of its Series 1 common stock at $68.00 per share. This follows their previously announced follow-on public offering, with no proceeds going to the company from this transaction. The offering's initial closing was on November 17, 2020, and the registration statement was declared effective on November 12, 2020. J.P. Morgan and Barclays acted as lead managers for this offering.

TaxCloud has announced a new integration partnership with BigCommerce, facilitating online retailers' sales tax compliance. The TaxCloud app provides real-time U.S. sales tax calculations and simplifies the management of sales tax obligations during checkout. This integration responds to the increasing need for sales tax collection due to the Supreme Court's ruling in South Dakota v. Wayfair. TaxCloud, a leading sales tax compliance provider, aims to support merchants in navigating the evolving sales tax landscape.