Bigcommerce Holdings, Inc. Stock Price, News & Analysis

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.

BigCommerce (NASDAQ: BIGC) announces a partnership with UK electric vehicle charging company EVEC, launching their ecommerce platform to enhance B2B and direct-to-consumer sales. With the UK government's push for electric vehicles by 2030, EVEC anticipates reaching £3.6 million in sales in the next year. The ecommerce site will feature a vehicle-charger compatibility plugin, facilitating customer satisfaction. BigCommerce aims to support EVEC's growth in this competitive market, bolstering its reputation as a leading Open SaaS ecommerce platform.

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.