BILL HOLDINGS, INC Stock Price, News & Analysis

Bill.com (NYSE:BILL) has announced new product features at Sage Transform aimed at enhancing visibility, control, and payment options for small and midsize businesses. Key updates include Custom Dimensions for Sage Intacct, Enhanced Approval Policies, Dual Control, Single Sign-On, and Console Client Groups. Additionally, businesses can now Pay By Card, even to vendors who don’t accept cards, syncing with popular accounting software. These features aim to improve cash flow management and operational security.

Bill.com (NYSE: BILL) reported impressive Q1 fiscal 2022 results, with total revenue reaching $116.4 million, up 152% year-over-year. Core revenue rose 164% to $115.6 million, while organic core revenue grew 78% to $77.7 million. Transaction fees soared 319%, totaling $80.6 million. Despite these gains, the company reported a net loss of $75.7 million or ($0.79) per share. Bill.com completed the acquisition of Invoice2go, enhancing its service capabilities, and processed $46.9 billion in total payment volume.

Marqeta (NASDAQ: MQ) has partnered with Bill.com (NYSE: BILL) to enhance virtual card payments for financial institutions. This collaboration aims to help Bill.com's customers streamline their accounts payable processes. Marqeta will provide its modern card issuing platform, supporting innovation in payment solutions. The partnership underscores Marqeta's commitment to empowering businesses with advanced financial technologies, enabling faster and more efficient transactions. Both companies see this as a significant step toward addressing market gaps in payment digitization.

Bill.com (NYSE: BILL) will report its fiscal first quarter financial results for the period ending September 30, 2021, after market close on November 4, 2021. A live webcast to discuss the results is scheduled for 1:30 PM PT (4:30 PM ET) on the same date. The financial release and webcast link will be available on the company's investor relations website. Bill.com provides cloud-based software solutions designed to automate complex back-office financial operations for small and midsize businesses.

Bill.com (NYSE:BILL) announced the appointment of Scott Wagner to its board of directors, highlighting his extensive experience in scaling businesses, particularly at GoDaddy. Wagner, who served as CEO of GoDaddy from 2017 to 2019, played a pivotal role in increasing the customer base from 9 million to 19 million and revenues from $900 million to $3 billion. His insights are anticipated to bolster Bill.com’s mission to simplify financial operations for small and midsize businesses. CEO René Lacerte expressed enthusiasm for Wagner's contributions.

Bill.com Holdings, Inc. (NYSE: BILL) has completed the offering of 0% convertible senior notes due 2027, raising gross proceeds of $575.0 million. This includes a $75.0 million option exercised by purchasers. The notes are convertible into common stock at an initial rate of 2.4108 shares per $1,000 principal. The company estimates net proceeds of approximately $560.1 million for general corporate purposes, including working capital and potential acquisitions. The notes are set to mature on April 1, 2027.

Bill.com Holdings, Inc. (NYSE: BILL) has successfully completed its public offering of 5,073,529 shares at $272.00 per share, raising approximately $1.34 billion in net proceeds after expenses. The offering included the full exercise of the underwriters’ option for an additional 661,764 shares. The funds are intended for general corporate purposes, including working capital, capital expenditures, and potential acquisitions. The company has not yet confirmed any specific uses or agreements related to acquisitions.

Bill.com Holdings, Inc. (NYSE: BILL) announced the pricing of $500 million in 0% convertible senior notes due 2027 through a private placement. An additional $75 million may be purchased within 13 days. The notes, which do not accrue regular interest, can convert into common stock, cash, or a mix. The conversion price is set at approximately $414.80 per share, a 52.5% premium to a concurrent stock offering at $272. The net proceeds, estimated at $487 million, will fund general corporate purposes and capped call transactions. This offering closes on September 24, 2021.