BigCommerce Holdings, Inc. Series 1 - BIGC STOCK NEWS

BigCommerce has partnered with SheerID to enable its merchants to offer exclusive discounts to key consumer groups, such as students and military personnel. This collaboration aims to enhance sales by tapping into communities representing 70% of the U.S. population aged 18 and over. SheerID’s verification technology allows for instant customer authentication, promising a significant boost in conversion rates and return on ad spend (ROAS). The partnership highlights BigCommerce's commitment to providing advanced tools for merchants to increase sales and customer retention.

BigCommerce has expanded its multi-year partnership with Affirm, enabling merchants to integrate Affirm’s Adaptive Checkout™ for flexible payment options. Customers can choose bi-weekly or monthly payments on purchases between $50 and $17,500. Key benefits include potential increases in average order values by 85% and cart conversion rates by 26%. Merchants will receive full payment upfront, while Affirm manages payment collections. This partnership aims to enhance consumer affordability and boost merchant sales through greater accessibility to payment options.

BigCommerce reported Q2 financial results with total revenue of $68.2 million, a 39% increase year-over-year. Annual recurring revenue (ARR) reached $296.0 million, up 41%. Subscription revenue rose by 51% to $51.3 million. The company achieved a 68% year-over-year growth in enterprise accounts, representing 70% of total ARR. Despite strong revenue growth, GAAP operating loss widened to -$39.1 million, and non-GAAP net loss reached -$14.1 million, indicating ongoing challenges in achieving profitability.

BigCommerce Holdings (Nasdaq: BIGC) is set to present at key investor conferences. CFO Robert Alvarez and SVP Finance Daniel Lentz will showcase insights at the KeyBanc Capital Markets Technology Leadership Forum on August 8, 2022, and the Canaccord Genuity Growth Conference on August 11, 2022. Additionally, CEO Brent Bellm and Lentz will present at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022. Live webcasts will be available on the BigCommerce investor relations website, with replays accessible afterward.

BigCommerce (Nasdaq: BIGC) has appointed Sally Gilligan, Chief Growth Transformation Officer at Gap Inc., and Satish Malhotra, CEO of The Container Store, to its Board of Directors. Their extensive experience in ecommerce and retail is expected to drive innovation and support BigCommerce's global expansion efforts. Gilligan's background in corporate development and technology complements Malhotra's achievements in digital commerce and sales channel growth. They replace departing board members Steve Murray and Jack McDonald, who contributed significantly to the company's early public years.

BigCommerce (NASDAQ: BIGC) has surpassed previous analyst evaluations for the third consecutive year, achieving high honors in the 2022 Paradigm B2B Combine with a total of 22 out of 24 medals. This includes 12 medals in the Midmarket Edition and 10 in the Enterprise Edition. Recent acquisitions of BundleB2B and B2B Ninja have bolstered its B2B ecommerce capabilities. The global B2B ecommerce market is projected to exceed $33 billion by 2030, with a CAGR of 19.7% from 2022 to 2030.

BigCommerce (NASDAQ: BIGC) has achieved SOC 1 Type 2 and SOC 2 Type 2 compliance certifications, demonstrating its commitment to data security, privacy, and compliance. The independent audits confirm that BigCommerce meets established standards for security, availability, and confidentiality as set by the AICPA. These certifications enhance the trust of merchants, particularly enterprise clients, in the platform’s ability to protect sensitive data and fulfill regulatory requirements.

BigCommerce (Nasdaq: BIGC) has announced that registration is now open for its global Make it Big 2022 Conference to be held virtually on September 13-14. The conference, emphasizing 'The Future of Ecommerce is Now', features prominent speakers such as John Mackey and Seth Godin. Attendees will engage in interactive workshops and panels focusing on trends in ecommerce, marketing, and sustainability. The Make it Big Awards will honor outstanding B2C and B2B customers, with winners announced on September 14. Registration is free and available online.