Welcome to our dedicated page for Nogin news (Ticker: NOGNW), a resource for investors and traders seeking the latest updates and insights on Nogin stock.
Nogin (symbol: NOGNW) is the Intelligent Commerce company that provides enterprise-class ecommerce technology and services for brand leaders seeking superior growth with predictable costs and exceptional online experiences. Founded in 2010, Nogin's Intelligent Commerce technology is purpose-built for brands selling direct-to-consumer (D2C) and business-to-business (B2B), optimizing the entire ecommerce lifecycle for various brands like Giordano’s Pizza, bebe, Hurley, and Kenneth Cole. Their cloud-based solution allows customers to focus on their business while Nogin handles the digital commerce infrastructure.
Nogin, Inc. (Nasdaq: NOGN, NOGNW) has successfully closed a public offering of 7,333,334 shares of common stock and warrants, raising approximately $22 million at a price of $3.00 per share and warrant. Significant participation included $7.5 million from management and insiders, with CEO Jonathan Huberman investing $3 million. The proceeds will be utilized to repurchase convertible notes and for general corporate purposes. The company aims to achieve EBITDA profitability by Q3 2023 and is optimistic about its operational liquidity and future growth prospects. A.G.P./Alliance Global Partners led the offering, which was registered with the SEC.
Nogin, Inc. (Nasdaq: NOGN) has partnered with Hawke Media to enhance digital marketing solutions. This collaboration merges Nogin’s intelligent commerce technology with Hawke Media’s performance marketing, aiming to improve customer acquisition and retention strategies for their clients. Existing clients will benefit without needing to change agreements or representatives. The partnership is anticipated to significantly boost scalability in digital commerce for brands, leveraging Nogin's advanced technology and expertise to drive growth and efficiency. Both companies expect this relationship to contribute to continued success in the evolving ecommerce landscape.
Nogin, Inc. (Nasdaq: NOGN) announced a public offering of 7,333,334 shares of common stock and warrants at a price of $3.00 per unit, aiming for gross proceeds of approximately $22 million. The offering includes participation from management and insiders. Anticipated closing is on April 6, 2023. Proceeds will be used to repurchase promissory notes related to convertible notes and for general corporate purposes including working capital and capital expenditures. A.G.P./Alliance Global Partners serves as the lead placement agent.
Nogin (Nasdaq: NOGN), a leader in Commerce-as-a-Service technology, has partnered with Giordano’s, the acclaimed Chicago-based restaurant famous for its ‘Deep Dish Stuffed Pizza’. This move aims to enhance Giordano’s direct-to-consumer (D2C) growth through Nogin's Intelligent Commerce platform, which will drive superior customer experiences and ecommerce success. The collaboration leverages both companies' strengths to tap into Giordano's large, engaged customer base, fostering substantial growth in their ecommerce segment. This partnership aligns with both brands' commitment to quality and customer satisfaction.
Nogin (Nasdaq: NOGN) announced a 1-for-20 reverse stock split effective March 28, 2023, at 5:00 p.m. EDT, aimed at complying with Nasdaq's minimum bid price requirement. Starting March 29, 2023, trading will occur on a split-adjusted basis under the existing symbol NOGN. All outstanding common stock will convert in a uniform manner, with cash payments made for fractional shares. The reverse split also affects the exercise prices and number of shares for outstanding warrants. As part of its Intelligent Commerce strategy, Nogin supports brands like bebe and Kenneth Cole, achieving significant growth in online sales.
Nogin (Nasdaq: NOGN) reported its fourth quarter and full year 2022 financial results, revealing total revenue of $94.5 million, down 7% from $101.3 million in 2021. The fourth quarter saw a 39% drop in net revenue to $27.9 million, attributed to decreased product revenue. Operating loss surged to $40.3 million for the year, a significant increase from $6.3 million in 2021, driven by a one-time bad debt write-off. However, the company anticipates an improvement in 2023 due to ongoing cost-reduction initiatives expected to save $15 million to $20 million.
Nogin (Nasdaq: NOGN) will hold a conference call on March 23, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal fourth quarter and full year ended December 31, 2022. The financial results will be released prior to the call.
Management will present the results followed by a Q&A session. Interested participants must register at least 10 minutes before the start of the call. The conference will be available for live broadcast and replay on Nogin’s website.
Nogin (Nasdaq: NOGN), a leader in Commerce-as-a-Service technology, has announced its partnership with HeartBrand Beef, the largest producer of premium Akaushi beef in the U.S. This collaboration aims to enhance HeartBrand's online customer experience and operational efficiency through Nogin's Intelligent Commerce technology and performance marketing services. By transitioning to Shopify Plus, HeartBrand Beef seeks to increase direct-to-consumer sales while maintaining the quality of its offerings. This strategic move positions both companies for accelerated growth in the e-commerce sector.
Nogin (NASDAQ: NOGN, NOGNW) has partnered with Inspire Me! Home Decor, a rapidly growing luxury home décor brand, to implement Nogin's Intelligent Commerce technology and Shopify Plus. This collaboration aims to enhance ecommerce capabilities and provide a superior shopping experience. Inspire Me! Home Decor, founded in 2012, has significantly increased its audience to over 10 million luxury buyers, primarily via social media. The partnership is expected to streamline operations and allow Inspire Me! to focus on branding and product expansion.
Nogin (NASDAQ: NOGN) has launched the V1 release of its Nogin Intelligent Commerce technology, enhancing its Commerce-as-a-Service offerings. The new features include AI-powered customer segmentation and algorithmic merchandising aimed at improving marketers' performance and maximizing marketing returns. Built on over 10 years of anonymized data, this technology is designed for direct-to-consumer brands, allowing them to compete with larger retailers without the need for costly platform changes. The new capabilities are now available and are expected to drive significant growth for small to mid-sized brands.
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