Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce reported its first-quarter 2021 financial results, achieving $46.7 million in total revenue, a 41% increase year-over-year. The Annual Recurring Revenue (ARR) reached $196.3 million, reflecting a 43% rise compared to last year. Enterprise account ARR grew by 58%, accounting for 57% of total ARR. Although the company posted a GAAP net loss of $8.5 million, non-GAAP losses improved to ($3.1 million). BigCommerce expects Q2 revenue between $46.4 million and $46.9 million, with a forecasted non-GAAP operating loss between ($8.1 million) and ($8.6 million).

BigCommerce Holdings (Nasdaq: BIGC) will report its financial results for Q1 2021 after market close on May 11, 2021. The results and business highlights will be discussed in a conference call at 5:00 p.m. ET the same day. Interested participants can access the call by dialing (833) 519-1347 in the U.S. and Canada or (914) 800-3909 internationally. BigCommerce, headquartered in Austin, provides a SaaS ecommerce platform for merchants globally, empowering them to build and grow their online businesses.

Gooten has appointed BigCommerce as its first eCommerce Preferred Partner, enabling seamless integration for over 60,000 BigCommerce customers with Gooten's on-demand manufacturing services. This partnership aims to enhance scalability for online merchants, allowing them to effectively manage inventory and fulfill orders through Gooten's supply chain solutions. Both companies share a vision of empowering merchants to optimize their eCommerce operations, especially during the rapid growth in the eCommerce sector.

BigCommerce (Nasdaq: BIGC) announced the launch of Yeti Cycles' new online store on its platform, enhancing e-commerce capabilities. Yeti Cycles reported a 55.9% year-over-year increase in users, a 44.6% rise in sessions, and a 34.8% increase in pageviews since the launch. The partnership with The ZaneRay Group led to a headless commerce solution that improves site management and customer experience. Yeti now benefits from streamlined operations, allowing rapid updates and effective marketing strategies, essential for supporting growth.

BigCommerce (Nasdaq: BIGC) has partnered with Walmart, allowing eligible U.S. merchants to sell products directly on Walmart Marketplace. This collaboration grants access to over 120 million unique visitors to Walmart.com monthly and offers expedited application reviews for merchants. For a limited time, new sellers can enjoy $0 commission rates for their first month by meeting certain criteria. The integration enables merchants to manage Walmart orders from their BigCommerce control panel efficiently. The partnership is aimed at enhancing merchant visibility and sales opportunities on a major platform.

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.