Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce (Nasdaq: BIGC) has announced a new integration with Amazon Multi-Channel Fulfillment (MCF), enabling U.S. merchants to efficiently fulfill ecommerce orders regardless of selling on Amazon. This partnership aims to enhance merchants' omnichannel strategies, offering benefits such as fast shipping with delivery options from 1-day to 5-business days, competitive pricing with no peak surcharges, and fully trackable orders. The integration simplifies operations, allowing merchants to focus on business growth while benefiting from Amazon's extensive fulfillment network.

BigCommerce (Nasdaq: BIGC) has appointed Rob Kaloustian as the new Chief Services Officer, succeeding Paul Vaillancourt. Kaloustian brings over 20 years of experience in customer success and leadership from Commvault, where he led various technical teams. His focus will be on enhancing customer success services, crucial for BigCommerce’s growth. CEO Brent Bellm praised Kaloustian's track record and operational excellence, highlighting its importance in offering effective customer support. BigCommerce is actively hiring globally for roles within its Customer Success Services.

BigCommerce and PayPal released a survey revealing significant consumer behavior shifts during the COVID-19 pandemic. Out of 3,000 respondents in the US, UK, and Australia, 62.5% now primarily shop online. Notably, 66.7% made mobile purchases within the last month. The survey emphasizes the need for retailers to adopt omnichannel strategies, as 70% of consumers prefer retailers offering their preferred payment methods. Digital wallet usage surged, with a 24.5% increase online and 88.7% in-store since March 2020, advocating for enhanced payment accessibility.

BigCommerce (Nasdaq: BIGC) has launched its Big Open Data Solutions, which offers merchants a comprehensive suite of data solutions for better customer insights and business performance. This new suite integrates with tools like Google BigQuery and Twilio Segment, enabling secure data transfers and analytics. Merchants can create unified customer profiles and optimize marketing strategies to drive profitability. The solutions are aimed at reducing development costs and improving decision-making capabilities for merchants globally.

BigCommerce (Nasdaq: BIGC) has launched its B2B Edition, designed to enhance the ecommerce experience for B2B enterprise merchants. This new offering integrates BundleB2B with BigCommerce Enterprise, providing advanced functionalities that streamline online operations and improve customer transactions. Key benefits include empowering sales teams, decreasing purchase friction, and tailoring customer experiences with custom account hierarchies. The U.S. B2B ecommerce market is projected to reach $1.8 trillion by 2023, making this launch timely.

BigCommerce (Nasdaq: BIGC) announced the successful launch of USCutter's new online store on its platform. USCutter, a leading supplier of sign making equipment, selected BigCommerce for its B2B capabilities to manage extensive product catalogs and create optimal experiences for various audiences. Since implementing BigCommerce, USCutter reported a 24% increase in revenue, 6% increase in conversion rates, and a 45% increase in average order value compared to the same period in 2020. The partnership aims to enhance customer experience and scalability.

BigCommerce, a leading Open SaaS ecommerce platform listed on Nasdaq under the symbol BIGC, announced upcoming investor conference presentations featuring CEO Brent Bellm and CFO Robert Alvarez. They will host virtual meetings on:

• May 25, 2021, at the J.P. Morgan Global Technology Conference
• June 8, 2021, at the Baird Global Consumer Conference
• June 10, 2021, at the Stifel Virtual Cross Sector Insight Conference

Live webcasts will be available on their investor relations website, with replays accessible thereafter.

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).