Welcome to our dedicated page for BigCommerce Holdings Series 1 news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on BigCommerce Holdings Series 1 stock.
BigCommerce Holdings, Inc. Series 1 Common Stock (symbol: BIGC), is a leading provider of a robust e-commerce platform designed to empower businesses to launch, manage, and scale successful online stores. Established in 2009, BigCommerce facilitates both emerging and established brands with its sophisticated, yet user-friendly, Software-as-a-Service (SaaS) solution, combining ease-of-use with enterprise-grade functionality.
BigCommerce stands out due to its advanced features, superior site performance, and streamlined business processes. The company's clients benefit from capabilities that drive higher revenues compared to competitive e-commerce solutions. The platform supports thousands of retailers globally, boosting their reach across online marketplaces, social networks, and offline point-of-sale systems.
Product Highlights:
- Comprehensive tools for branding and customizing online stores.
- Seamless cross-channel integrations.
- High-performance hosting ensuring site speed and reliability.
- Flexible APIs for extensive customization.
The company's impressive growth is backed by significant financial support, having secured over $100 million in funding from reputable investors including SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate. This strong financial foundation has enabled BigCommerce to continuously enhance its platform and expand its global footprint.
Recent Achievements:
- First Quarter Total Revenue reached $80.4 million, marking a 12% increase compared to the prior year.
- Annual Recurring Revenue (ARR) totaled $340.1 million, with an 8% increase in Enterprise ARR.
The company is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia, supporting a broad geographical market including the Americas, EMEA, and APAC regions, with the majority of revenue generated from the U.S.
BigCommerce's commitment to innovation and customer success has positioned it as a trusted partner for numerous prominent brands such as Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols. With its open SaaS platform, BigCommerce continues to drive growth and efficiency for B2C and B2B companies across various industries.
Financial Overview:
- Consistent revenue growth with detailed quarterly financial outlooks.
- Commitment to transparency with regular updates and conference calls.
- Focus on maintaining a strong financial position to support ongoing innovation and customer success.
Join the next BigCommerce conference call on May 9, 2024, for a comprehensive discussion on financial results and business highlights. For more information and to access the live webcast, visit BigCommerce’s investor relations website.
Mizuno USA has successfully launched its new website on BigCommerce's composable ecommerce platform, resulting in significant improvements in performance and efficiency. The sports brand has reported a 12% increase in average order value and a 90% reduction in checkout process time through integration with Bolt Commerce.
The migration to BigCommerce addressed key areas including improved customer experience with real-time product availability, enhanced operational efficiency, and future-ready flexibility. The marketing team experienced a 40% decrease in time needed to deploy site content and marketing campaigns. The new platform, built with MACH Alliance principles, replaced Mizuno's previous and closed architecture system, enabling better integration with third-party services and improved functionality through BigCommerce's app marketplace.
BigCommerce reported significant outperformance during Cyber Week 2024, with customers experiencing a 26% increase in gross merchandise value (GMV), surpassing the global average of 6%. The platform saw total orders increase by 13% and average order value (AOV) rise by 11%.
U.S. brands achieved a 27% GMV increase, while EMEA stores recorded even stronger results with a 39% GMV increase and 45% increase in orders. Top-performing sectors included apparel & accessories (52%), toys & games (44%), and sporting goods (38%). Mobile orders grew 7%, representing 35% of total orders, with iPhone accounting for 71% of mobile purchases.
The platform maintained 100% uptime during Cyber Week for the eleventh consecutive year, with the biggest sales increase occurring on Thanksgiving Day (36%), followed by Black Friday (28%) and Cyber Monday (25%).
BigCommerce (Nasdaq: BIGC), an Open SaaS ecommerce platform, has announced its participation in three upcoming investor conferences in December 2024. CFO Daniel Lentz will present at the UBS Global Technology and AI Conference on December 3 and the Raymond James TMT & Consumer Conference on December 9. Both CEO Travis Hess and CFO Lentz will present at the Barclays Global Technology Conference on December 12.
All presentations will feature meetings with institutional investors and will be available via live webcasts on BigCommerce's investor relations website, with replays accessible afterward.
Boxeur des Rues, an Italian streetwear brand, has launched a new website on BigCommerce's platform, implementing a headless commerce solution. The implementation, developed by Business Changers using Next.js and MACH principles, has shown immediate positive results: bounce rate decreased by 8%, site sessions increased by 14%, and page load times reduced from five seconds to under one second. The new platform provides an all-in-one solution with enhanced customization, scalability, and advanced tools, integrating with services like Google Analytics, AWS, and Stripe for improved performance and user experience.
BigCommerce (BIGC) reported Q3 2024 financial results with total revenue of $83.7 million, up 7% year-over-year. Total Annual Revenue Run-rate (ARR) reached $347.8 million, a 5% increase, while Enterprise ARR grew 7% to $256.9 million. The company achieved a non-GAAP operating income of $4.3 million, compared to a loss of $1.2 million in Q3 2023. The company appointed Travis Hess as new CEO and implemented a restructuring program. For Q4 2024, BigCommerce expects revenue between $85.8-87.8 million with 2-4% growth, and full-year 2024 revenue of $331.7-333.7 million, representing 7-8% growth.
BigCommerce's latest consumer survey reveals key insights into home furnishings shopping behaviors. The study of 3,000+ U.S. consumers shows that 48% prefer in-store purchases, while 28% favor online shopping. Social media leads product discovery at 48%, and 66% of shoppers bought bedroom essentials online. BOPIS (Buy Online, Pick Up in Store) has become standard, with 69% of shoppers using it in the past year. The survey also highlights the importance of flexible return policies, emerging technologies like AR/VR, and promotional strategies, with 82% of in-store shoppers willing to buy online for exclusive promotions.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with BigCommerce (Nasdaq: BIGC) to provide comprehensive omnichannel payment solutions to BigCommerce customers through its Nuvei for Platforms solution. The partnership, launching across North America, Europe, and APAC, offers a suite of services including payment acceptance, pre-authorization, refund management, advanced 3DS2 technology, multi-currency support, and embedded checkout integration.
Benefits for BigCommerce brands and retailers include bank-agnostic fast settlements, access to alternative payment methods, centralized payment management, and dedicated integration support. The collaboration aims to streamline operations, cater to diverse customer preferences, and optimize payment processing costs with same-day or next-day funding options.
BigCommerce Holdings, Inc. (Nasdaq: BIGC), an open SaaS, composable ecommerce platform, has announced it will report its financial results for the third quarter ended September 30, 2024, before market open on Thursday, November 7, 2024. The company will discuss financial results and business highlights on a conference call and webcast scheduled for 7:00 a.m. CT (8:00 a.m. ET) on the same day.
Interested parties can access the conference call by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the "BigCommerce conference call." A live webcast will be available on BigCommerce's investor relations website. A telephone replay will be accessible until November 14, 2024, and a webcast replay will be available for 12 months on the company's investor relations website.
BigCommerce (Nasdaq: BIGC) has announced significant leadership changes. Travis Hess has been appointed as the new CEO, replacing Brent Bellm. Hess, who joined BigCommerce as President in May 2024, brings extensive experience from roles at Accenture and other leading commerce agencies. Ellen Siminoff, a current board member, will assume the role of Executive Chair of the Board.
Hess's background includes leadership in direct-to-consumer commerce and partnerships with major platforms like Shopify. He has been recognized as one of the 30 Most Influential in Ecommerce. In his new role, Hess will be responsible for BigCommerce's global operations and overall growth.
The company has reaffirmed its financial guidance for the third quarter of fiscal 2024 as previously provided on August 1, 2024.
BigCommerce (Nasdaq: BIGC) has partnered with Ubique Digital to launch BigTravel, a unified solution for the travel industry. This collaboration aims to simplify operations and enhance customer experiences in a sector expected to contribute $11.1 trillion to global GDP in 2024. BigTravel offers:
1. A unified interface for managing bookings across channels
2. Automation of routine tasks
3. Simplified creation of custom travel packages
4. Seamless, mobile-optimized booking process
5. Personalized offerings and targeted promotions
6. Real-time adaptability for instant strategy adjustments
7. Fast implementation and lower migration risk
8. Pre-integrated social and advertising channels
The solution leverages BigCommerce's open, composable platform to empower travel agents and improve the traveler experience.
FAQ
What is the current stock price of BigCommerce Holdings Series 1 (BIGC)?
What is the market cap of BigCommerce Holdings Series 1 (BIGC)?
What is BigCommerce Holdings, Inc.?
What does BigCommerce's platform offer?
Where is BigCommerce headquartered?
Who are some of BigCommerce's prominent clients?
How is BigCommerce performing financially?
Who are the investors backing BigCommerce?
What geographical markets does BigCommerce operate in?
How does BigCommerce support its retailers?
When is BigCommerce's next conference call?
Where can I find more information about BigCommerce?
