AUSTIN, Texas, Aug. 23, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. ("BigCommerce") (Nasdaq: BIGC), a leading open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced that company leaders will host a question and answer session with sell-side analysts at 1:00 p.m. CDT on Tuesday, August 27, 2024, during the company's BigSummit thought leadership conference in Austin, Texas. The question and answer session will provide updates on BigC ...

WOBURN, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a global leader in AI-powered marketing technology, today announced a large retailer of pins and other accessories has chosen HawkSearch's Recommendations for its BigCommerce site. The retailer will use HawkSearch to increase sales with Rapid UI and Recommendations. With HawkSearch's Rapid UI, the retailer can quickly implement HawkSearch features tailored to its industry without heavy uplift from a developer team. Wit ...

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Tyler Duncan - Senior Director of Finance and Investor Relations Brent Bellm - Chairman and CEO Daniel Lentz - CFO Conference Call Participants Raimo Lenschow - Barclays Ken Wong - Oppenheimer Koji Ikeda - Bank of America David Hynes - Canaccord Mark Murphy - JPMorgan Jeremy Sahler - Jefferies Brian Peterson - Raymond James Chris Kuntarich - UBS Operator Ladies and gentlemen, thank you fo ...

1© BigCommerce. All rights reserved. Confidential. 2Q 2024 Financial Results Disclaimer This presentation has been prepared by BigCommerce Holdings, Inc. ("we,ˮ "us,ˮ "our,ˮ "BigCommerceˮ or the "Companyˮ). This presentation may contain forward-looking statements which constitute the views of the Company with respect to future events which can be identified by the use of forward-looking terminology such as "anticipate,ˮ "believe,ˮ "budget,ˮ "can,ˮ "continue,ˮ "commit,ˮ "control,ˮ "could,ˮ "estimate,ˮ "expec ...

For the quarter ended June 2024, BigCommerce (BIGC) reported revenue of $81.83 million, up 8.5% over the same period last year. EPS came in at $0.05, compared to -$0.02 in the year-ago quarter. The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $81.15 million. With the consensus EPS estimate being $0.03, the EPS surprise was +66.67%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

BigCommerce (BIGC) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%. Over the last four quarters, the company has surp ...

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39423 BigCommerce Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) Del ...

Revenue Performance - Total revenue for Q2 2024 was $81.8 million, an increase of 8% year-over-year[2] - Total annual recurring revenue (ARR) reached $345.8 million, up 4% compared to the previous year[2] - Enterprise ARR was $253.8 million, reflecting a 7% increase year-over-year[2] - Subscription solutions revenue was $61.8 million, up 10% compared to Q2 2023[2] - Revenue for the three months ended June 30, 2024, was $81,829,000, representing a 8.4% increase from $75,443,000 for the same period in 2023[26] - Revenue from the Americas – United States was $62,428,000 for the three months ended June 30, 2024, compared to $57,546,000 in the prior year, reflecting a growth of 8.3%[27] - The company reported a total revenue of $162,189,000 for the first half of 2024, up from $147,200,000 in the first half of 2023[30] Profitability and Loss - GAAP net loss was ($11.3) million, an improvement from ($19.1) million in Q2 2023[4] - Non-GAAP net income was $4.1 million, or 5% of revenue, compared to a loss of ($1.5) million in Q2 2023[4] - Adjusted EBITDA for Q2 2024 was $3.0 million, compared to a loss of ($2.5) million in Q2 2023[5] - Non-GAAP net loss for the three months ended June 30, 2024, was $(11,255,000), compared to $(19,065,000) for the same period in 2023[20] - Net loss for the three months ended June 30, 2024, was $(11,255,000), an improvement compared to a net loss of $(19,065,000) for the same period in 2023[29] - Non-GAAP operating income for the three months ended June 30, 2024, was $1,891,000, compared to a loss of $(3,365,000) in the same period last year[28] - The company reported a non-GAAP basic net income per share of $0.05 for the three months ended June 30, 2024, compared to a loss of $(0.02) in the same period last year[29] Future Projections - The company expects Q3 2024 total revenue between $82.0 million and $84.0 million, indicating a year-over-year growth rate of 5% to 8%[9] - For the full year 2024, total revenue is projected to be between $330.2 million and $335.2 million, translating to a year-over-year growth rate of 7% to 8%[9] Operational Metrics - The number of enterprise accounts increased to 5,961, a 1% rise compared to Q2 2023[3] - The average revenue per account (ARPA) for Enterprise Accounts is calculated by including customer-billed revenue and an allocation of partner and services revenue[17] - Total current assets increased to $355,781,000 as of June 30, 2024, up from $341,986,000 as of December 31, 2023[21] - Total liabilities rose to $426,393,000 as of June 30, 2024, compared to $418,525,000 as of December 31, 2023[21] - Cash and cash equivalents increased significantly to $133,088,000 as of June 30, 2024, from $71,719,000 as of December 31, 2023[21] Expense Management - The total operating expenses for the three months ended June 30, 2024, were $75,506,000, a decrease from $77,582,000 for the same period in 2023[22] - Non-GAAP cost of revenue for Q2 2024 was $18,783,000, accounting for 23.0% of revenue, slightly down from 23.2% in Q2 2023[31] - Non-GAAP sales and marketing expenses for Q2 2024 were $31,287,000, which is 38.2% of revenue, down from 42.5% in Q2 2023[32] - Research and development expenses for Q2 2024 totaled $20,287,000, representing 20.8% of revenue, compared to 23.1% in Q2 2023[33] - General and administrative expenses for Q2 2024 were $15,436,000, maintaining 15.7% of revenue, consistent with Q2 2023[34] Cash Flow - Total cash provided by operating activities for the three months ended June 30, 2024, was $14,743,000, compared to $0 for the same period in 2023[24] - Net cash provided by operating activities for Q2 2024 was $11,738,000, down from $14,743,000 in Q2 2023[35] - Free cash flow for Q2 2024 was $10,674,000, compared to $13,726,000 in Q2 2023[35] - Cash and cash equivalents at the end of the period were $134,208,000, significantly up from $75,631,000 at the end of June 30, 2023[24] Stock-Based Compensation - The company incurred stock-based compensation expense of $10,021,000 for the three months ended June 30, 2024, down from $11,372,000 in the prior year[28]

Second Quarter Total Revenue of $81.8 Million, an Increase of 8% Versus Prior Year. Total ARR of $345.8 Million, an Increase of 4% Versus Prior Year. Enterprise ARR of $253.8 Million, an Increase of 7% Versus Prior Year AUSTIN, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. ("BigCommerce") (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced financial results for its second quarter ended June 30, 2 ...

AUSTIN, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. ("BigCommerce") (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced that Chief Financial Officer Daniel Lentz will present and host meetings with institutional investors at the following upcoming investor conferences. KeyBanc Capital Markets Technology Leadership Forum on Monday, August 5, 2024 at 10:00 a.m. Mountain Time (11:00 a.m. Central Time) Oppenheimer Te ...