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ChannelAdvisor Corporation (NYSE: ECOM) announced that CEO David Spitz will present at the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 11:00 a.m. Eastern Time. The presentation will discuss the company's cloud-based e-commerce solutions aimed at enhancing online performance for brands and retailers. A live webcast and replay will be accessible on the investor relations website.
ChannelAdvisor has been a key player in e-commerce for nearly two decades, providing tools to optimize sales channels and improve operational efficiency.
ChannelAdvisor Corporation (NYSE: ECOM) has appointed Paul Colucci as Chief Revenue Officer, overseeing worldwide sales and business development. Colucci boasts over 25 years of experience in sales and has been instrumental in achieving record net bookings and revenue growth. CEO David Spitz praised Colucci's leadership and strategic insights, highlighting his contributions to the company's success. Colucci has been with ChannelAdvisor for 13 years and is committed to driving further growth within the organization.
ChannelAdvisor Corporation (NYSE: ECOM) reported a strong financial performance for Q1 2021, with total revenue increasing by 22% year-over-year to $39.2 million. Subscription revenue grew 17%, while revenue from brands surged 39%. GAAP net income reached $5.5 million, translating to $0.18 per diluted share. Operating cash flow rose 46% to $8.4 million, and deferred revenue hit a record $25.4 million. The company maintains a positive outlook, forecasting Q2 revenue between $39.8 - $40.2 million.
ChannelAdvisor (NYSE: ECOM) announced new features to enhance product visibility and streamline e-commerce operations for brands and retailers. These updates include expanded support for Walmart sellers through automation tools for advertising and fulfillment services. The platform now integrates with additional marketplaces such as Elkjøp and Amazon Poland, providing sellers opportunities to diversify and attract new customers. Key enhancements include a new Third-Party Sellers Analysis feature, updated Channel Health Console, and video advertising services to improve online presence and engagement.
ChannelAdvisor (NYSE: ECOM) will release its Q1 2021 financial results on May 6, 2021, before 8:00 a.m. ET. The company will host a conference call and webcast at the same time to discuss these results. Investors can access a recorded version of the call post-event. As a leader in e-commerce solutions, ChannelAdvisor focuses on enhancing online performance for brands and retailers, connecting them to various sales channels like Amazon and eBay.
ChannelAdvisor Corporation (NYSE: ECOM) has appointed Jeremy Allen as Vice President of FP&A and Operations. Allen will manage financial planning, operations, and business intelligence, enhancing strategic planning. His previous role as Senior Director involved strengthening operations and establishing the Business Intelligence function. Allen brings over 20 years of experience, including executive roles at Lenovo. CFO Rich Cornetta expressed confidence in Allen's capabilities to support investment and scaling of the business.
ChannelAdvisor Corporation (NYSE: ECOM) announced a leadership change with Diana Allen transitioning from Vice President and General Counsel to Senior Advisor effective June 1, 2021. Kathy Twiddy has been appointed as Vice President and General Counsel starting the same date. CEO David Spitz praised Allen's contributions and expressed confidence in Twiddy’s capabilities, citing her extensive legal experience.
Twiddy comes from Mayne Pharma and has held significant roles in various companies, emphasizing a commitment to uphold ChannelAdvisor's integrity and development in the e-commerce sector.
ChannelAdvisor Corporation (NYSE: ECOM) has appointed Linda Crawford to its board of directors effective April 1, 2021. Linda brings over two decades of leadership experience, having served as CEO of Helpshift and in executive roles at Salesforce.com and Optimizely. The chairman, Timothy Buckley, expressed confidence in Linda's ability to provide strategic insights that will enhance the company's global e-commerce leadership. This appointment highlights ChannelAdvisor's commitment to strengthening its board with experienced leaders.
ChannelAdvisor (NYSE: ECOM) has been selected by Google as a Trusted International Growth Partner, enhancing its support for brands and retailers expanding into international markets. This partnership emphasizes strategic guidance in overcoming operational challenges related to localization, logistics, and payments. The alliance reaffirms ChannelAdvisor's longstanding relationship with Google, previously recognized as a finalist in the Google Premier Partner Awards. Link Walls, VP of Digital Marketing Strategy, expressed enthusiasm about the collaboration aimed at driving client success.
ChannelAdvisor Corporation (NYSE: ECOM) announced its fourth quarter and full year 2020 financial results, achieving record revenues. Fourth quarter total revenue rose 16% year-over-year to $40.3 million, with brands revenue increasing 27%. Full-year total revenue reached $145.1 million, a 12% increase, and GAAP net income was $18.8 million, up from $3.5 million in 2019. Cash and equivalents stood at $71.5 million. A positive outlook for Q1 2021 includes expected revenue between $37.3 million and $37.7 million.
