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 (Nasdaq: BIGC) announced that two of its customers, Joval Wines and Wovenbyrd™, have won global B2B Ecommerce Industry Awards from the B2B Ecommerce Association and Digital Commerce 360. Wovenbyrd, a US-based furniture company, won in the B2B Retailer of the Year category for its effective omnichannel operations and advanced customer engagement tools. Joval Wines, an Australian fine wine distributor, was honored in the Mid-Market B2B Ecommerce Distributor of the Year category for its sophisticated capabilities, including real-time customer-specific pricing and multi-location inventory management.
The awards program recognizes outstanding achievements in B2B ecommerce, celebrating innovation and success in the industry. BigCommerce's B2B Edition and partnership with elite agency Aligent were highlighted as key factors in the winners' success. Other BigCommerce customers, including AS Colour, Inhaven, and TradeTools, were also recognized as finalists in their respective categories.
BigCommerce (BIGC) has announced a range of platform updates and partner integrations as part of its 'Next Big Thing' product launch. Key enhancements include:
1. Catalyst + Makeswift: A visual editor for composable storefronts, enabling real-time collaboration and customization.
2. B2B improvements: Enhanced buyer role-based access control, advanced account hierarchy, and AI-integrated quote workflow.
3. Omnichannel selling: Feedonomics' Instant Commerce offering for BOPIS and local deliveries, plus integrations with Shein, Amazon, and TikTok.
4. Global sales tools: Localized checkout customization and support for Japanese language.
5. BigAI: AI-powered product recommendations, copywriting, and predictive analytics.
6. Checkout improvements: Fastlane by PayPal for accelerated guest checkout, and enhanced promotion targeting.
BigCommerce (Nasdaq: BIGC) has announced the winners of its 2024 Customer Awards, recognizing exceptional customers in four categories: Design, Innovation, Emerging Brand, and Shopper Experience. The winners are:
- Design: Oettinger Davidoff AG
- Innovation: Human-I-T
- Emerging Brand: The Linz Shop
- Shopper Experience: GlassCraft Door Company
Winners were selected by a panel of industry experts and will receive a $5,000 USD cash prize, branding on the NASDAQ Tower in Times Square valued at $15,000, and dedicated spotlights on BigCommerce's social channels. The awards celebrate innovative and inspiring customers using the BigCommerce platform to achieve success in ecommerce.
BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce platform, has announced a sell-side analyst Q&A session during its upcoming BigSummit conference. The session is scheduled for August 27, 2024, at 1:00 p.m. CDT in Austin, Texas.
Key company leaders, including CEO Brent Bellm, President Travis Hess, CFO Daniel Lentz, and CTO Brian Dhatt, will participate in the session. They will provide updates on strategic initiatives, technological advancements, and financial performance.
The Q&A session will be livestreamed on the BigCommerce investor relations website, with a replay available for one week after the event. This presents an opportunity for investors and analysts to gain insights into the company's direction and performance.
SportsShoes, the UK's largest independent sporting goods retailer, has launched a new composable commerce website on the BigCommerce platform. This £2.5 million website overhaul has yielded impressive results, with a 19% year-over-year increase in conversion rate and a 10% increase in average order value. The new site utilizes a headless approach with Next.js and Vercel, offering improved flexibility and scalability.
Key features include BigCommerce's Multi-Storefront functionality for individual headless storefronts in multiple countries, and Prismic.io CMS for efficient content management. The project has transformed SportsShoes' ability to execute, with over 80% of the site driven by dynamic content. A notable addition is the Running Shoe Finder feature, designed to enhance the customer experience for amateur runners, a significant focus for future development.
Soletrader, a leading UK premium footwear retailer, has launched a new headless and composable website on the BigCommerce platform (Nasdaq: BIGC). The replatforming aims to position Soletrader at the cutting edge of technology, leveraging BigCommerce's open, flexible platform to create an innovative composable commerce storefront. The new site integrates technologies from Storyblok, Algolia, Klaviyo, and Vercel, developed in partnership with Cygnet Digital.
Key improvements include a stunning new UI/UX, faster page load speeds, optimized checkout, and seamless Click & Collect functionality. The project also enables multi-language and multi-storefront channels, allowing Soletrader to manage multiple ecommerce functionalities through a single store backend. This move reinforces Soletrader's commitment to innovation and enhancing customer experience in the competitive footwear retail market.
BigCommerce (Nasdaq: BIGC) reported its Q2 2024 financial results, showing total revenue of $81.8 million, up 8% year-over-year. The company's total ARR reached $345.8 million, a 4% increase, while Enterprise ARR grew 7% to $253.8 million. Notable achievements include:
- Subscription revenue up 10% to $61.8 million
- GAAP gross margin improved to 76%
- Non-GAAP operating income of $1.9 million
- Adjusted EBITDA of $3.0 million
BigCommerce launched several high-profile brands and received industry recognition. The company provided Q3 2024 guidance with revenue expected between $82.0-$84.0 million and full-year 2024 revenue projected at $330.2-$335.2 million.
BigCommerce (NASDAQ: BIGC) has announced two significant transactions involving its convertible notes. Firstly, the company will exchange approximately $161.2 million of its existing 0.25% convertible senior notes due 2026 for $150 million of new 7.5% convertible senior notes due 2028. Secondly, BigCommerce will repurchase about $120.6 million of the existing notes for $108.7 million in cash. After these transactions, $63.1 million of the existing notes and $150 million of the new notes will remain outstanding. The new notes have an initial conversion price of $16.00 per share and will be redeemable by BigCommerce from October 7, 2026, under certain conditions.
Noibu, a leading error detection and resolution platform, has partnered with BigCommerce (Nasdaq: BIGC), an open SaaS ecommerce platform. This collaboration aims to enhance website performance and customer experiences for online retailers. BigCommerce customers can now integrate Noibu through the BigCommerce App Marketplace with a one-click installation.
The partnership offers several benefits:
- Simplified setup process for error monitoring
- Proactive error management and operational efficiency
- Revenue-based error prioritization
- Actionable insights for development teams
Notable customers already benefiting from this joint solution include DEMDACO, MEC, King Arthur Baking, Store Supply Warehouse, and SportsShoes. The collaboration between Noibu and BigCommerce engineering teams has identified that 99.6% of errors were isolated to individual storefronts, with only 0.4% being common across multiple stores.
BigCommerce Holdings, Inc. (Nasdaq: BIGC), a leading Open SaaS ecommerce platform, has announced its participation in upcoming investor conferences. Chief Financial Officer Daniel Lentz will present and meet with institutional investors at two events:
1. KeyBanc Capital Markets Technology Leadership Forum on August 5, 2024, at 10:00 a.m. Mountain Time.
2. Oppenheimer Technology, Internet & Communications Conference (virtual) on August 13, 2024, at 1:15 p.m. Eastern Time.
Live webcasts of both presentations will be available on the BigCommerce investor relations website, with replays accessible afterward. These conferences provide opportunities for BigCommerce to showcase its platform and engage with institutional investors.
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