Welcome to our dedicated page for Bigcommerce Holdings news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on Bigcommerce Holdings stock.
Commerce.com, Inc., formerly BigCommerce Holdings, Inc., provides an open commerce technology ecosystem built around BigCommerce, Feedonomics and Makeswift. Company news commonly covers ecommerce platform capabilities for direct-to-consumer and B2B merchants, product data and feed management, headless and composable storefront deployments, payments and ERP integrations, and customer implementations across retail, manufacturing, distribution and public-sector commerce.
Updates also include quarterly results announcements, investor conference participation, partner integrations and corporate identity developments following the company’s name change from BigCommerce Holdings, Inc. to Commerce.com, Inc.
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).
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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.