Financial Performance - Full-year total revenue reached $332.9 million, marking an 8% increase compared to the prior year [1] - Total Annual Revenue Run-Rate (ARR) was $349.6 million, up 4% year-over-year [1] - Fourth quarter revenue was $87.0 million, a 3% increase from the fourth quarter of 2023 [7] - Subscription solutions revenue for the year was $247.9 million, also an 8% increase from the previous year [14] - GAAP gross margin improved to 77% from 76% in the prior year [14] Operating Metrics - Adjusted EBITDA for the fourth quarter was $11.0 million, compared to $6.5 million in the same quarter of 2023 [6] - Non-GAAP operating income for the fourth quarter was $10.1 million, up from $5.4 million year-over-year [7] - The number of enterprise accounts decreased by 2% to 5,884, while average revenue per account (ARPA) increased by 9% to $44,458 [7] Cash Flow and Debt - Operating cash flow for the full year was $26.3 million, a significant improvement from a cash outflow of $24.2 million in 2023 [11] - The company had total outstanding debt of approximately $154.1 million as of December 31, 2024 [8] Business Highlights - The company successfully executed a go-to-market transformation, aligning its strategy and structure [2] - BigCommerce achieved 100% uptime during Cyber Week, with a 26% increase in gross merchandise value (GMV) year-over-year [15][16] - A new global partnership with Klarna was established to offer buy now, pay later services to merchants [18] Leadership Changes - Several key leadership appointments were made, including a new Chief Marketing Officer and Chief Revenue Officer [15]

Core Insights - Analysts project that BigCommerce (BIGC) will report quarterly earnings of $0.06 per share, reflecting a year-over-year decline of 33.3% [1] - Revenue is expected to reach $86.75 million, which represents a 3.1% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Projections - Revenue from 'Partner and services' is estimated to be $23.92 million, showing a year-over-year increase of 1.6% [4] - 'Subscription solutions' revenue is projected to reach $62.83 million, indicating a 3.7% increase year over year [4] - The consensus estimate for 'Total Annual Revenue Run-rate (ARR)' is $351.45 million, up from $336.50 million reported in the same quarter last year [4] Market Performance - BigCommerce shares have increased by 13.5% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.7% [5] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5]

Core Insights - BigCommerce has appointed Rob Walter as Chief Revenue Officer and Michelle Suzuki as Chief Marketing Officer, enhancing its leadership team to drive growth and improve shareholder value [1][3][5] Group 1: Leadership Appointments - Rob Walter brings 20 years of ecommerce experience, having led sales and go-to-market teams at companies like Salesforce and eBay [2][4] - Michelle Suzuki has over 25 years of experience in scaling high-growth companies, including roles at EMC and Ancestry [2][6] Group 2: Strategic Focus - The new appointments reflect BigCommerce's commitment to investing in top talent to reignite growth and enhance shareholder value [3][5] - Walter emphasizes the need for ecommerce businesses to reach customers in innovative ways, aligning with BigCommerce's flexible platform [5][6] Group 3: Previous Achievements - Walter previously served as Chief Revenue Officer at Amplience and OroCommerce, where he led significant growth initiatives [4] - Suzuki has a track record of transforming companies into rapid-growth SaaS businesses and played a key role in a $3 billion IPO at Instructure [6][7] Group 4: Company Overview - BigCommerce is a leading open SaaS and composable ecommerce platform, serving tens of thousands of B2C and B2B companies across 150 countries [7]

Core Points - BigCommerce Holdings, Inc. will report its financial results for Q4 and fiscal year 2024 on February 20, 2025, before market open [1] - A conference call to discuss the financial results and business highlights is scheduled for 7:00 a.m. CT (8:00 a.m. ET) on the same day [2] - The conference call will be accessible via phone and a live webcast on BigCommerce's investor relations website [2] - A telephone replay of the call will be available until February 27, 2025, along with a webcast replay for 12 months [3] Company Overview - BigCommerce is a leading open SaaS and composable ecommerce platform that supports B2C and B2B brands and retailers [4] - The platform offers enterprise-grade functionality, customization, and ease of use, serving tens of thousands of companies across 150 countries [4] - Notable clients include Burrow, Coldwater Creek, Harvey Nichols, and others [4]

Core Insights - BigCommerce has announced updates to its next-generation storefront technology, Catalyst, which enhances control and flexibility for ecommerce stores [1][2] - Catalyst features a fully integrated marketing-friendly visual editor, Makeswift, allowing for the creation of high-performance ecommerce storefronts without the constraints of rigid templates [2][3] Group 1: Catalyst Features - Catalyst enables marketers to launch and design new stores optimized for performance with a single click from the Control Panel [2] - The platform integrates core BigCommerce functionalities such as customizable checkouts, robust APIs, and multi-storefront capabilities, allowing brands to adapt their commerce strategies as they evolve [3][5] - Catalyst storefronts achieve Core Web Vital scores of 100 out of the box, providing a best-in-class reference architecture for rapid development [5] Group 2: Adoption and Benefits - The adoption of composable commerce has been historically slow due to the resources required, but Catalyst simplifies the process, making it easier for brands to launch storefronts that enhance customer experiences [3][6] - UPLIFT Desk transitioned to Catalyst to leverage its increased flexibility and streamlined processes, reducing development efforts and onboarding time [4][5] - The architecture of Catalyst allows for real-time changes and optimizations, enabling teams to quickly pivot designs and improve user experiences [8] Group 3: Market Position - BigCommerce serves tens of thousands of B2C and B2B companies across 150 countries, providing enterprise-grade functionality and customization [9]

Core Viewpoint - The recent upgrade of BigCommerce to a Zacks Rank 2 indicates a positive outlook on its earnings estimates, suggesting potential upward movement in its stock price [5][14]. Earnings Estimates - BigCommerce is projected to earn $0.23 per share for the fiscal year ending December 2024, reflecting a significant year-over-year increase of 666.7% [3]. - Over the past three months, the Zacks Consensus Estimate for BigCommerce has risen by 14.1%, indicating a trend of increasing earnings estimates [12]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks based on earnings estimate revisions, with BigCommerce now positioned in the top 20% of Zacks-covered stocks, suggesting it may experience price appreciation in the near term [13][16]. - The Zacks Rank 1 stocks have historically generated an average annual return of +25% since 1988, highlighting the effectiveness of the rating system [10]. Market Implications - The upward trend in earnings estimates for BigCommerce is expected to create buying pressure, potentially leading to an increase in its stock price [2][5]. - The correlation between earnings estimate revisions and stock price movements is strong, making it a critical factor for investment decisions [6][15].

Core Insights - BigCommerce Holdings (NASDAQ: BIGC) reported better than expected third fiscal quarter earnings in November, leading to a surge in its stock price [1] - The company has experienced a post-pandemic slowdown in revenue growth but continues to maintain traction in the e-commerce sector [1] Financial Performance - The third fiscal quarter earnings exceeded market expectations, indicating strong performance despite broader market challenges [1] Market Position - BigCommerce remains a significant player in the e-commerce platform space, showcasing resilience in a competitive environment [1]

Investors might want to bet on BigCommerce (BIGC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The powe ...

BigCommerce (BIGC) closed the last trading session at $6.40, gaining 9.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.75 indicates a 36.7% upside potential.The average comprises 10 short-term price targets ranging from a low of $6 to a high of $14, with a standard deviation of $2.37. While the lowest estimate indicates a decline of 6.3% from the current price level, the most ...

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Tyler Duncan - Senior Director, Finance and IR Ellen Siminoff - Executive Chair Travis Hess - CEO Daniel Lentz - CFO Conference Call Participants Ken Wong - Oppenheimer. Natalie Howe - Bank of America DJ Hynes - Canaccord Maddie Schrage - KeyBanc Katy Kuser - Morgan Stanley. Scott Berg - Needham Jeremy Sahler - Jefferies Brian Peterson - Raymond James Gabriela Borges - Goldman Sachs Ope ...