EL SEGUNDO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Shirofune, the leading digital advertising automation management platform, today announced its integration with BigCommerce, a leading open SaaS ecommerce platform for fast-growing and established brands, to predict and optimize ad campaigns based on Customer Lifetime Value (LTV). This integration highlights Shirofune's continued expansion into the ecommerce space and provides advertisers with a new level of sophistication in ad performance optimization, ...

AUSTIN, Texas, Oct. 08, 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 it will report its financial results for the third quarter ended September 30, 2024, before market open on Thursday, November 7, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on T ...

Shares of BigCommerce Holdings (NASDAQ: BIGC ) slumped after the e-Commerce platform submitted its second-quarter earnings sheet in August, but the sell-off has gone a bit too far, in my opinion, and investors could soon see a major inflection point in the Analyst's Disclosure: I/we have a beneficial long position in the shares of BIGC, SHOP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (ot ...

Core Viewpoint - BigCommerce has appointed Travis Hess as the new CEO to address challenges such as slowing growth, declining enterprise accounts, and poor profitability, but market reaction has been muted with shares down over 35% this year and over 95% from 2020 highs [1] Company Overview - BigCommerce offers a software-as-a-service (SaaS) platform for businesses to create online marketplaces, primarily competing with Shopify [3] - The company generates two-thirds of its revenue from enterprises and one-third from small to medium-sized businesses (SMBs) [3] Challenges Facing BigCommerce - BigCommerce faces intense competition from Shopify, which has achieved over 20% revenue growth, while BigCommerce has not surpassed 20% growth since Q3 2022 [4] - In Q2, BigCommerce reported an 8.5% revenue growth with stagnant net income and nearly flat year-over-year growth [4] - The company has experienced a decline in enterprise accounts for three consecutive quarters, remaining around 5,900, despite a 7% year-over-year increase in average revenue per enterprise account in Q2 [4] Leadership and Future Outlook - Under the new leadership of Travis Hess, who has extensive IT consulting experience, there is potential for significant changes at BigCommerce [5] - The company is expected to report Q3 results soon, and it must demonstrate its capabilities to regain investor confidence amidst intense competition and unfavorable macroeconomic conditions [5]

AUSTIN, Texas, Oct. 02, 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 the appointment of Travis Hess as CEO. Brent Bellm will no longer serve as CEO of the Company or as Chairman of the Board. The Board elected Hess as a director of the Company, to fill the vacancy created by Bellm's departure. Current board member Ellen Siminoff will assume the ...

Group 1 - BigCommerce Holdings, Inc. will host a question and answer session with sell-side analysts on August 27, 2024, during the BigSummit conference in Austin, Texas [1][2] - The session will cover updates on BigCommerce's strategic initiatives, technological advancements, and financial performance [1] - Key executives participating in the session include CEO Brent Bellm, President Travis Hess, CFO Daniel Lentz, and CTO Brian Dhatt [2] Group 2 - BigCommerce is a leading open SaaS and composable ecommerce platform that supports B2C and B2B brands and retailers [3] - The platform is utilized by tens of thousands of companies across 150 countries, providing enterprise-grade functionality and ease of use [3] - Notable clients include Burrow, Coldwater Creek, and Harvey Nichols, among others [3]

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 ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was just under $82 million, representing an 8% year-over-year increase [5][20] - Subscription revenue grew 10% year-over-year to approximately $62 million, while partner and services revenue increased by 4% year-over-year to just over $20 million [20] - Adjusted EBITDA was $3 million, approximately 4% of revenue, with operating cash flow of just under $12 million [5][20] - Non-GAAP operating income was just under $2 million, a significant improvement from a loss of $3 million a year ago, reflecting a nearly 7-point year-over-year improvement in non-GAAP operating margins [20][21] - ARR (Annual Recurring Revenue) concluded at approximately $346 million, up 4% year-over-year [24] Business Line Data and Key Metrics Changes - B2B ARR finished Q2 up 35% year-over-year, with B2B GMV growing more than 50% year-over-year [21] - Enterprise account ARR was approximately $254 million, up 7% year-over-year, representing 73% of total company ARR [24] - Accounts using exclusively essentials plans finished with ARR slightly over $92 million, down 3% year-over-year [24] Market Data and Key Metrics Changes - Revenue in the Americas was up 9%, EMEA revenue grew 7%, and APAC revenue was up 9% compared to the prior year [20] - Deferred revenues increased year-over-year by $13 million, from $29 million to $42 million, reflecting a 46% year-over-year increase [23] Company Strategy and Development Direction - The company aims for efficient revenue growth and has made significant strides in improving go-to-market efficiency under new leadership [5][17] - Focus on enhancing brand positioning and refining ideal customer profiles to improve customer acquisition and retention [29][31] - Plans to leverage generative AI technology to enhance customer growth and streamline operations [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about business momentum and the potential for reaccelerating revenue growth while improving profitability and cash flow [19] - The company is cautious about consumer spending but noted resilience in the market, aligning with their expectations [58][60] - Management highlighted the importance of completing multi-geo functionality to enhance competitiveness in Europe [49] Other Important Information - The company announced a restructuring of its debt, aiming to lower overall leverage and optimize maturities [25][26] - The RealReal and Bealls were highlighted as significant customer wins, showcasing the platform's flexibility and capability for complex implementations [6][40] Q&A Session Summary Question: What is the timeline for seeing improvements from go-to-market changes? - Management indicated that improvements in gross and net retention are already being observed and are optimistic about future changes under new leadership [28][29] Question: Why restructure debt now? - The company aimed to lower leverage, space out maturities, and minimize market execution risk while reflecting confidence in long-term prospects [32][33] Question: Is B2B a focus area for growth? - Management confirmed that B2B is a significant focus, with a wide range of use cases and strong growth potential [34] Question: What is the outlook for EMEA growth? - Management noted that European economic conditions have impacted growth but expressed confidence in future demand as new functionalities are rolled out [46][49] Question: How does the company differentiate its AI capabilities? - The company claims to have the most scaled and impactful AI in e-commerce, particularly through its subsidiary Feedonomics, which optimizes catalog feeds for major advertising channels [53][54]

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 ...