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.
BigCommerce Holdings reported Q3 2021 total revenue of $59.3 million, a 49% increase from the previous year, marking the highest growth rate since becoming a public company. The total annual recurring revenue (ARR) reached $253.5 million, up 52%. Subscription revenue rose 59% to $42.1 million. Despite revenue growth, the GAAP operating loss widened to ($21.3 million) compared to ($10.1 million) in Q3 2020. The outlook for Q4 2021 anticipates revenue between $61.3 million and $61.7 million.
Uniform has partnered with BigCommerce, granting access to over 60,000 customers to its composable digital experience platform. This partnership allows businesses to launch customizable shopping experiences rapidly, enhancing digital growth and SEO rankings. The platform connects BigCommerce to preferred CMS, front-end, and CDN choices, offering a no-code interface for easy page creation. This collaboration emphasizes both companies' commitment to providing merchants with top-tier technology and support for business growth.
BigCommerce (NASDAQ: BIGC) has launched a new advertising coupon program in partnership with TikTok, offering qualified merchants ad credits to encourage exploration of TikTok's advertising solutions. Merchants spending $300 on ads will receive $1,000 in matching credits. This initiative aims to help businesses reach new audiences and drive growth through TikTok's creative ad format and shopping features. The TikTok For Business app will allow seamless integration for merchants to manage their campaigns, sync catalogs, and optimize ad performance.
BigCommerce has launched a new native app, Ads and Listings on Google, aimed at helping small to medium-sized merchants connect their stores to the Google Merchant Center. This service enables merchants to upload products for free and leverage Google Ads campaigns to enhance customer reach. With potential increases of over 50% in clicks and 100% in impressions reported, this app aims to simplify operations by allowing merchants to manage their catalog and analyze performance from one location. The app is currently available in USD, with plans for international currency support.
Attentive has been named BigCommerce's Preferred SMS-first Partner, enhancing access to SMS marketing for over 60,000 BigCommerce customers. This integration allows merchants to utilize the Attentive text messaging platform seamlessly through the BigCommerce App Marketplace. The partnership aims to support merchants in sending personalized messages and optimizing campaigns without requiring advanced tech skills. The initiative underscores BigCommerce's commitment to offering top-tier technological solutions to its clientele.
BigCommerce has partnered with CMA CGM Group and NewOxatis to enhance ecommerce capabilities for B2B and B2C merchants. The collaboration allows NewOxatis merchants access to BigCommerce's robust platform, enabling them to create sophisticated online storefronts. This strategic alliance aims to provide comprehensive digital solutions encompassing logistics, marketing, and design services. As ecommerce continues to grow, especially in Europe, the partnership is positioned to drive innovation, leveraging BigCommerce's technology and NewOxatis's expertise.
BigCommerce Holdings (Nasdaq: BIGC) will report its third-quarter financial results for the period ending September 30, 2021, after market close on November 4, 2021. The webcast conference call discussing these results is scheduled for 4:00 p.m. CT (5:00 p.m. ET) on the same day. Investors can access the call through various dialing options or via the BigCommerce investor relations website. The call will feature financial highlights and insights into the company’s performance.
BigCommerce (NASDAQ: BIGC) has unveiled a new integration with Chargify, enhancing subscription management for B2B and B2C merchants. This partnership allows users to manage subscription activities directly through BigCommerce's platform, aimed at reducing churn and improving customer relationships. Key features include a one-click install via Open Source Checkout, a centralized dashboard for tracking subscription metrics, and real-time revenue growth analysis. The subscription ecommerce market is projected to reach $478 billion by 2025, showcasing significant growth potential.
Huge (NYSE: IPG) has launched the Experience Stack of the Future (XSF) in collaboration with Contentful and BigCommerce (NASDAQ: BIGC). This initiative aims to simplify the complex commerce technology landscape, enabling brands to enhance consumer experiences and drive growth. XSF offers a modular, flexible platform that integrates various technologies into a single commerce solution. Additionally, a whitepaper titled Competing in the Next Era of the Experience Economy has been published, detailing trends that prioritize consumer experiences over products. XSF is now available for market adoption.
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