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BigCommerce to Present at Baird Global Consumer, Technology & Services Conference
Globenewswire· 2025-05-19 20:05
Core Insights - BigCommerce Holdings, Inc. will present at the Baird Global Consumer, Technology & Services Conference on June 3, 2025, at 10:50 a.m. Eastern Time [1] - The presentation will be accessible via a live webcast on the BigCommerce investor relations website, with a replay available afterward [2] - BigCommerce is a leading open SaaS and composable ecommerce platform, serving B2C and B2B brands, retailers, manufacturers, and distributors globally [3] Company Overview - BigCommerce provides professional-grade functionality, customization, and performance with ease-of-use for its customers [3] - The platform supports tens of thousands of companies across 150 countries, including notable brands like Coldwater Creek and Harvey Nichols [3]
Grove laborative (GROV) - 2025 Q1 - Earnings Call Transcript
2025-05-14 22:00
Grove Collaborative (GROV) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings Incorporated First Quarter twenty twenty five Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open up your lines for questions. As a reminder, this conference call is being recorded. Hosting today's call are Groove's CEO, Jeff Yerkeson and I ...
BigCommerce Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-08 11:00
Financial Performance - Total revenue for the first quarter of 2025 was $82.4 million, representing a 3% increase compared to the same period in 2024 [7] - Total annual revenue run-rate (ARR) as of March 31, 2025, was $350.8 million, also up 3% year-over-year [7] - Subscription solutions revenue reached $62.1 million, a 2% increase from the first quarter of 2024 [7] - ARR from enterprise accounts was $263.8 million, marking a 6% increase year-over-year, with enterprise accounts constituting 75% of total ARR [7] - GAAP gross margin improved to 79%, up from 77% in the first quarter of 2024, while non-GAAP gross margin increased to 80% from 78% [7] - The company reported a GAAP loss from operations of $2.4 million, significantly reduced from a loss of $8.2 million in the prior year [7] - Non-GAAP operating income was $7.6 million, compared to $3.2 million in the first quarter of 2024 [7] Business Strategy and Leadership - The CEO of BigCommerce highlighted ongoing transformation efforts, including positive increases in pipeline and leads, and emphasized the importance of reaccelerating growth [2] - The company has brought in new leadership with expertise in SaaS and commerce to strengthen its core offerings [2] - BigCommerce hosted its 2025 Investor Day to discuss strategic vision, product offerings, and long-term growth opportunities [12] Product and Customer Developments - BigCommerce announced updates to its Catalyst storefront technology, enhancing marketing usability and performance [12] - New B2B product enhancements were introduced to improve sales team efficiency and streamline processes [12] - The company launched a three-pronged product initiative to enhance the app-building experience for developers [12] - Notable customer migrations included Kittery Trading Post and EGO, showcasing the platform's capabilities [12] Cash Flow and Financial Outlook - Cash, cash equivalents, restricted cash, and marketable securities totaled $121.9 million as of March 31, 2025 [13] - Net cash provided by operating activities was $401 thousand, a significant improvement from a cash outflow of $3.4 million in the same period in 2024 [13] - The company expects total revenue for the second quarter of 2025 to be between $82.5 million and $83.5 million [15]