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 Holdings reported a 33% year-over-year increase in total revenue for Q2 2020, reaching $36.3 million, and a total annual recurring revenue (ARR) of $151.8 million, up 32%.
Despite a GAAP net loss of $8.5 million, showing improvement from $11.0 million the previous year, the company reported an Adjusted EBITDA of ($5.4 million), better than the prior year's ($9.3 million). Future outlook includes Q3 revenue guidance of $35.9-$36.3 million.
BigCommerce Holdings, Inc. (Nasdaq: BIGC) will report its Q2 financial results for the period ending June 30, 2020, after market close on September 9, 2020. A conference call to discuss these results is scheduled for the same day at 4:00 p.m. CT. Interested parties can access the call via telephone or a live webcast from BigCommerce’s investor relations website. This announcement highlights the company's ongoing commitment to transparency with its investors and stakeholders.