BigCommerce Holdings, Inc. Series 1 - BIGC STOCK NEWS

BigCommerce Holdings (Nasdaq: BIGC) will report its Q2 2022 financial results after market close on August 4, 2022. A conference call to discuss the results will take place at 5:00 p.m. ET the same day. Investors can access the call via phone or through a live webcast on the company’s investor relations website. A replay will be available until August 11, 2022. BigCommerce is a leading Open SaaS ecommerce platform supporting diverse brands globally, including notable companies like Vodafone and S.C. Johnson. For more information, visit investors.bigcommerce.com.

BigCommerce (Nasdaq: BIGC) has expanded its presence into Austria, Denmark, Norway, Sweden, and Peru, enhancing its capabilities to support local merchants. This growth coincides with a global forecast of $7.39 trillion in retail ecommerce sales by 2025. The platform provides localized features, enabling businesses to create engaging shopping experiences and optimize for omnichannel sales strategies. Key functionalities include B2B solutions and headless technology integration, crucial for future-proof ecommerce strategies.

Klaviyo, a unified customer platform, has renewed its partnership with BigCommerce (NASDAQ: BIGC) as an Elite Technology Partner. This collaboration enables merchants to synchronize historical and real-time data, enhancing customer engagement through personalized communication and performance evaluations. New integrations with partners such as Upwork, Zendesk, Narvar, Rebuy, and Shopware will provide comprehensive solutions for generating revenue and fostering customer relationships. Klaviyo aims to make marketing smarter and more effective, driving growth for BigCommerce merchants.

BigCommerce (Nasdaq: BIGC) reported impressive growth at its inaugural Investor Day on May 25, 2022. The company's Enterprise ARR has increased at a 40%+ organic rate for 14 consecutive quarters, along with a 55% CAGR over the last three years. CEO Brent Bellm highlighted BigCommerce's focus on international growth, omnichannel, and B2B functionality. Enterprise accounts now represent 67% of total annual revenue run-rate. The firm is well-positioned to attract B2C and B2B merchants with its unique, scalable enterprise solutions.

Klevu announces compatibility with BigCommerce Multi-Storefront, empowering enterprise retail businesses to efficiently create and manage multiple storefronts from a single BigCommerce store. This feature enhances scalability, allowing brands to optimize product discovery across various channels while sharing inventory. CEO Brent Bellm highlights its flexibility for merchants to grow their brand presence. Klevu's technology is already integrated into many leading BigCommerce stores, promising significant improvements in product visibility and customer experience.

BigCommerce Holdings reported strong Q1 2022 results with total revenue of $66.1 million, a 42% increase year over year. The company's total annual recurring revenue (ARR) reached $280.4 million, growing 43%. Subscription revenue also rose by 50%. Enterprise ARR grew significantly by 68% to $189 million, now comprising 67% of total ARR. Despite growth, the company faced a net loss of $37 million and a GAAP operating loss of $36.2 million. For Q2 2022, revenue is expected to be between $64.6 million to $67.5 million.

BigCommerce has been recognized as a Strong Performer in both The Forrester Wave™: B2C Commerce Solutions and The Forrester Wave™: B2B Commerce Solutions reports for Q2 2022. The platform achieved the highest scores in 11 key evaluation criteria, including Role-based Access Management and Customer Success. Customer feedback highlighted the company's strong product vision and architecture. BigCommerce aims to attract more mid-market and enterprise brands by offering a robust digital transformation platform.

BigCommerce Holdings (Nasdaq: BIGC) will host a virtual Investor Day on May 25, 2022, at 12 p.m. CT. The leadership team will discuss the company's long-term vision, financial framework, and growth strategy. Following the presentations, a live Q&A session will allow investors to engage with the team. Interested participants can register on BigCommerce’s Investor Relations website, with an archived replay available for 12 months post-event. BigCommerce is a prominent SaaS ecommerce platform serving thousands of B2C and B2B businesses globally.

Codisto has launched support for BigCommerce’s new Multi-Storefront (MSF) feature, enhancing the platform for enterprise merchants. This integration allows BigCommerce users to manage multiple storefronts seamlessly through the Codisto app. Codisto's CEO, Luke Amery, emphasized the importance of collaboration with BigCommerce to deliver timely updates for merchants. Codisto has facilitated over US$2 billion in gross merchandise value annually, positioning itself as a leader in omnichannel commerce.