Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce (BIGC) announced significant updates to Catalyst, its next-generation storefront technology, enabling one-click store launches from the Control Panel. The platform's key differentiator is its integrated marketing-friendly visual editor, Makeswift, which allows creating modern ecommerce storefronts without rigid templates or high development costs.

Catalyst integrates with core BigCommerce functionality, including customizable checkouts, APIs, catalog management, and B2B features. UPLIFT Desk, a Texas-based office furniture manufacturer, recently migrated to Catalyst to leverage its increased flexibility and composability. The platform offers Core Web Vital scores of 100 out-of-the-box and enables marketing teams to make real-time design adjustments without coding knowledge.

Built with Next.js and React, Catalyst provides a pre-configured foundation for developing high-performance ecommerce storefronts, allowing both marketing and development teams to create new digital experiences efficiently.

Mizuno USA has successfully launched its new website on BigCommerce's composable ecommerce platform, resulting in significant improvements in performance and efficiency. The sports brand has reported a 12% increase in average order value and a 90% reduction in checkout process time through integration with Bolt Commerce.

The migration to BigCommerce addressed key areas including improved customer experience with real-time product availability, enhanced operational efficiency, and future-ready flexibility. The marketing team experienced a 40% decrease in time needed to deploy site content and marketing campaigns. The new platform, built with MACH Alliance principles, replaced Mizuno's previous and closed architecture system, enabling better integration with third-party services and improved functionality through BigCommerce's app marketplace.

BigCommerce reported significant outperformance during Cyber Week 2024, with customers experiencing a 26% increase in gross merchandise value (GMV), surpassing the global average of 6%. The platform saw total orders increase by 13% and average order value (AOV) rise by 11%.

U.S. brands achieved a 27% GMV increase, while EMEA stores recorded even stronger results with a 39% GMV increase and 45% increase in orders. Top-performing sectors included apparel & accessories (52%), toys & games (44%), and sporting goods (38%). Mobile orders grew 7%, representing 35% of total orders, with iPhone accounting for 71% of mobile purchases.

The platform maintained 100% uptime during Cyber Week for the eleventh consecutive year, with the biggest sales increase occurring on Thanksgiving Day (36%), followed by Black Friday (28%) and Cyber Monday (25%).

BigCommerce (Nasdaq: BIGC), an Open SaaS ecommerce platform, has announced its participation in three upcoming investor conferences in December 2024. CFO Daniel Lentz will present at the UBS Global Technology and AI Conference on December 3 and the Raymond James TMT & Consumer Conference on December 9. Both CEO Travis Hess and CFO Lentz will present at the Barclays Global Technology Conference on December 12.

All presentations will feature meetings with institutional investors and will be available via live webcasts on BigCommerce's investor relations website, with replays accessible afterward.

Boxeur des Rues, an Italian streetwear brand, has launched a new website on BigCommerce's platform, implementing a headless commerce solution. The implementation, developed by Business Changers using Next.js and MACH principles, has shown immediate positive results: bounce rate decreased by 8%, site sessions increased by 14%, and page load times reduced from five seconds to under one second. The new platform provides an all-in-one solution with enhanced customization, scalability, and advanced tools, integrating with services like Google Analytics, AWS, and Stripe for improved performance and user experience.

BigCommerce (BIGC) reported Q3 2024 financial results with total revenue of $83.7 million, up 7% year-over-year. Total Annual Revenue Run-rate (ARR) reached $347.8 million, a 5% increase, while Enterprise ARR grew 7% to $256.9 million. The company achieved a non-GAAP operating income of $4.3 million, compared to a loss of $1.2 million in Q3 2023. The company appointed Travis Hess as new CEO and implemented a restructuring program. For Q4 2024, BigCommerce expects revenue between $85.8-87.8 million with 2-4% growth, and full-year 2024 revenue of $331.7-333.7 million, representing 7-8% growth.

BigCommerce's latest consumer survey reveals key insights into home furnishings shopping behaviors. The study of 3,000+ U.S. consumers shows that 48% prefer in-store purchases, while 28% favor online shopping. Social media leads product discovery at 48%, and 66% of shoppers bought bedroom essentials online. BOPIS (Buy Online, Pick Up in Store) has become standard, with 69% of shoppers using it in the past year. The survey also highlights the importance of flexible return policies, emerging technologies like AR/VR, and promotional strategies, with 82% of in-store shoppers willing to buy online for exclusive promotions.

Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with BigCommerce (Nasdaq: BIGC) to provide comprehensive omnichannel payment solutions to BigCommerce customers through its Nuvei for Platforms solution. The partnership, launching across North America, Europe, and APAC, offers a suite of services including payment acceptance, pre-authorization, refund management, advanced 3DS2 technology, multi-currency support, and embedded checkout integration.

Benefits for BigCommerce brands and retailers include bank-agnostic fast settlements, access to alternative payment methods, centralized payment management, and dedicated integration support. The collaboration aims to streamline operations, cater to diverse customer preferences, and optimize payment processing costs with same-day or next-day funding options.

BigCommerce Holdings, Inc. (Nasdaq: BIGC), an open SaaS, composable ecommerce platform, has announced it will report its financial results for the third quarter ended September 30, 2024, before market open on Thursday, November 7, 2024. The company will discuss financial results and business highlights on a conference call and webcast scheduled for 7:00 a.m. CT (8:00 a.m. ET) on the same day.

Interested parties can access the conference call by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the "BigCommerce conference call." A live webcast will be available on BigCommerce's investor relations website. A telephone replay will be accessible until November 14, 2024, and a webcast replay will be available for 12 months on the company's investor relations website.