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ChannelAdvisor Corporation (NYSE: ECOM) announced its achievement of 2022 Premier Partner status in the Google Partners program, recognizing its strength in e-commerce solutions. This designation highlights ChannelAdvisor's strategic alliance with Google, providing enhanced access to training and insights for brands and retailers. The program has evolved, featuring new requirements and benefits tailored to support growth with Google Ads. Only the top 3% of partners received this honor, showcasing ChannelAdvisor's commitment to client success and expertise in digital marketing.
ChannelAdvisor Corporation (NYSE: ECOM) reported a strong Q4 2021 with total revenue of $45.4 million, a 13% year-over-year increase. Subscription revenue rose by 22%, while brands subscription revenue surged by 42%, accounting for 48% of total subscription revenue. The company achieved a net income of $33.7 million, aided by a tax benefit. Operating cash flow for 2021 reached $34.3 million, with a cash balance of $100.6 million at year-end. The company anticipates Q1 2022 revenue between $41.9 - $42.3 million.
On January 25, 2022, ChannelAdvisor (NYSE: ECOM) announced significant enhancements to its e-commerce platform, now supporting over 300 channels worldwide. The update aims to facilitate brand and retailer access to new markets while streamlining operations. In Q4 2021, the company introduced support for 40 new global marketplaces and first-party sites, reinforcing its commitment to channel diversification. The expansion includes notable additions like AliExpress and Amazon.
ChannelAdvisor Corporation (NYSE: ECOM) announced it will release its fourth quarter and full year 2021 financial results on February 10, 2022, before 8:00 a.m. ET. Following the results, management will conduct a conference call and webcast to discuss the financial outcomes. This highlights the company's ongoing commitment to transparency and communication with investors, reflecting its efforts in enhancing global e-commerce solutions.
ChannelAdvisor (NYSE: ECOM) has announced participation in two upcoming investor conferences. The management will present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 1:15 p.m. ET and the Sidoti & Company Virtual Small Cap Conference on January 19, 2022, at 9:15 a.m. ET. Investors can access live webcasts and replays of these presentations on the Company’s investor relations website.
ChannelAdvisor is a leading provider of cloud-based e-commerce solutions, helping brands optimize their online performance across various sales channels.
ChannelAdvisor (NYSE: ECOM) has appointed Stephanie Shamoun Levin as Vice President of Global Human Resources. Levin brings over 20 years of experience, previously leading HR at Lenovo, where she oversaw a global workforce of 1,600. Her role will focus on talent acquisition, employee engagement, and DE&I initiatives.
COO Beth Segovia emphasized the importance of Levin's leadership for the company's growth in 2022 and beyond. Levin expressed enthusiasm for joining ChannelAdvisor, noting the company's values and commitment to the e-commerce sector.
ChannelAdvisor (NYSE: ECOM) has been recognized as the No. 1 channel management vendor by Digital Commerce 360 for the 10th consecutive year. This achievement underscores ChannelAdvisor's leadership in providing cloud-based e-commerce solutions that connect brands and retailers to numerous global marketplaces. The company also holds the fourth position in search engine marketing. ChannelAdvisor's platform facilitates comprehensive management of product data, inventory, and advertising, helping clients optimize their e-commerce operations.
ChannelAdvisor Corporation (NYSE: ECOM) reported strong financial results for Q3 2021, with record revenue of $41.6 million, marking an 18% year-over-year increase. Subscription revenue grew by 26%, while brands revenue surged by 45%. The company maintained a cash position of $97 million and reported non-GAAP adjusted EBITDA of $8.2 million, achieving a 20% adjusted EBITDA margin. Recent highlights include new customer acquisitions and product innovations. For Q4 2021, ChannelAdvisor expects revenue between $43.7 million and $44.7 million, reflecting an 8% to 11% increase compared to the previous year.
ChannelAdvisor Corporation (NYSE: ECOM) announced on October 22, 2021, that its multichannel commerce platform now supports the Amazon Local Selling program. This enables sellers to offer in-store pickup and local delivery options. The new solution aids sellers in managing their store setup, inventory, and order status updates effectively. Highlighted at the Amazon Accelerate conference, this feature aims to enhance customer convenience and boost seller operations. ChannelAdvisor continues to provide robust support across over 200 selling channels, enhancing brands' visibility and performance.
ChannelAdvisor (NYSE: ECOM) will release its Q3 2021 financial results on November 9, 2021, before 8:00 a.m. ET. Following the release, a conference call will be held at 8:00 a.m. ET to discuss the results. Investors can access the call via live or recorded webcast at ir.channeladvisor.com.
ChannelAdvisor is a leader in cloud-based e-commerce solutions, helping brands and retailers enhance their online performance through various sales channels including Amazon and eBay.
