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ChannelAdvisor (NYSE: ECOM) has announced the release date for its fourth quarter and full year 2020 financial results, scheduled for February 11, 2021, before 8:00 a.m. ET. The management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can access a recorded version of the webcast post-call at ir.channeladvisor.com. With nearly two decades of experience, ChannelAdvisor continues to support brands and retailers in enhancing e-commerce performance and optimizing operations.
ChannelAdvisor (NYSE: ECOM) announced enhancements to its e-commerce platform aimed at improving operational efficiency and product data management for brands. Key features include new tools for product data visibility, a streamlined Channel Health Console, and expanded support for global marketplaces and dropship integrations. These updates are designed to enable brands to connect with consumers effectively and make informed operational decisions. A webinar showcasing these enhancements is scheduled for January 19, 2021, at 11 a.m. EDT.
ChannelAdvisor Corporation (NYSE: ECOM) has appointed Amy Rumford as Vice President of Global Services, effective immediately. Rumford will oversee customer implementation, technical support, and account management efforts. With over twenty years in the technology sector, including leadership roles at Google, Lenovo, and IBM, she is positioned to enhance ChannelAdvisor's services for large enterprise clients. COO Beth Segovia emphasized Rumford's experience and passion for customer success as key factors for this appointment, indicating a strategic focus on innovation in e-commerce.
ChannelAdvisor Corporation (NYSE: ECOM) has announced that registration is open for AutoCommerce 2021, a virtual event on January 19, 2021, aimed at automotive brands and retailers. This event will provide expert guidance on enhancing online performance amidst the ongoing pandemic. Attendees will gain insights on improving brand presence, diversifying sales channels, and optimizing inventory management. Key industry leaders will offer actionable strategies to connect with consumers effectively for sustainable business growth in the coming year.
ChannelAdvisor Corporation (NYSE: ECOM), a leader in cloud-based e-commerce solutions, announced that CEO David Spitz will present at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 10:45 a.m. ET. The event will showcase ChannelAdvisor’s ongoing efforts to connect and optimize global commerce.
A live webcast and replay will be available on their investor relations website.
ChannelAdvisor Corporation (NYSE: ECOM) has been recognized as the #1 channel management vendor for the ninth consecutive year by Digital Commerce 360. Additionally, it ranked #3 in search engine marketing. The report highlights ChannelAdvisor's comprehensive support for brands and retailers, with 147 of the Top 1000 retailers utilizing its platform. Online retail spending in the U.S. surged to $200.72 billion in Q2 2020, up from $138.96 billion in Q2 2019. The company continues to lead in digital marketing solutions, addressing the needs of e-commerce businesses across various channels.
ChannelAdvisor Corporation (NYSE: ECOM) reported strong Q3 2020 results, achieving an 11% year-over-year revenue growth to $35.3 million. Notably, brands revenue surged by 29%, constituting 34% of total revenue. Adjusted EBITDA rose 44% year-over-year to $7.4 million, with a margin of 21.1%. Cash reserves increased to $66 million, with significant operating cash flow of $26 million year-to-date. The company anticipates Q4 revenue between $37.3 million and $38.3 million, reflecting a 7-10% growth.
ChannelAdvisor (NYSE: ECOM) CEO David Spitz recently appeared on NBC's The Today Show, discussing e-commerce trends amid the pandemic and holiday demand challenges. He highlighted concerns over 'Shipageddon,' warning of potential delivery delays for holiday shopping. A survey revealed that 47% of US consumers expect delays, yet 78% are willing to wait. Spitz advised consumers to shop early to avoid issues and anticipated increased promotional activity by retailers. ChannelAdvisor continues to support brands and retailers in optimizing e-commerce strategies.
ChannelAdvisor (NYSE: ECOM) will announce its third quarter 2020 financial results on November 5, 2020, at 8:00 a.m. ET. The results will cover the period ending September 30, 2020. Following the announcement, management will host a conference call to discuss the results. Investors can listen to the live call at (855) 638-4821 or via a webcast at ChannelAdvisor Investor Relations. This event is crucial for understanding the company's performance and future outlook.
ChannelAdvisor Corporation (NYSE: ECOM) announced the launch of Shoppable Media, a suite of solutions to enhance e-commerce for brands and retailers. This launch aims to create seamless shopping experiences across various channels like websites and social media. The new features include Dynamic Shopping Links and Buy Now Interstitial, which connect consumers to products efficiently. With added support for dropship connections and new marketplace integrations, ChannelAdvisor targets operational agility and improved sales performance for its clients.
