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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 (NASDAQ: NOGN) announced a successful partnership with Kenneth Cole, exceeding Cyber Week sales forecasts by 82% during the 2022 holiday season. Key metrics include a 29% conversion rate increase and a 27% growth in gross merchandise value year-over-year. Notable sales performance was achieved with Black Friday sales surpassing 102% of goals and Cyber Monday exceeding 117%. Nogin's intelligent ecommerce solutions aided Kenneth Cole in optimizing promotional strategies, enhancing customer engagement, and improving profitability amidst a challenging market, setting the stage for a strong 2023.
Nogin (NASDAQ: NOGN) has partnered with Susana Monaco, a women’s fashion brand, to implement its Commerce-as-a-Service (CaaS) growth platform. This collaboration enables Susana Monaco to utilize Nogin’s Intelligent Commerce technology and access a fractional team of experts in various functions, such as fulfillment and digital marketing, while maintaining the flexibility of a smaller team. Nogin’s solution allows brands to enhance sales growth without the need to replatform, providing advanced modules for customer data and marketing automation. The technology aims to drive growth and customer engagement for Susana Monaco.
Nogin (NASDAQ: NOGN) has partnered with Seychelles Imports LLC to enhance online store performance through its advanced ecommerce technology. This collaboration will leverage Nogin's Intelligent Commerce solution, which integrates with Shopify Plus, allowing Seychelles to optimize sales growth while minimizing costs and complexities associated with legacy platforms. Seychelles will utilize features such as a Customer Data Platform, Marketing Automation, and Marketplace Dropship to streamline operations. The partnership aims to support Seychelles' commitment to delivering fashionable and comfortable footwear designed by women for women.
Nogin, a prominent provider of ecommerce technology, has appointed Andrew Pancer as an independent director on its Board of Directors, effective immediately. Pancer, a seasoned professional with over 20 years in digital advertising and ecommerce, brings valuable experience from various executive roles. His appointment aims to bolster Nogin's growth strategy as the company seeks to enhance its Commerce-as-a-Service (CaaS) offerings. Additionally, Deborah Weinswig has resigned from the Board to pursue other obligations. The company emphasizes its market potential and plans to leverage Pancer's expertise to achieve its full potential.
Nogin, a leader in Commerce-as-a-Service technology, has announced the appointment of Jonathan Huberman as President, CEO, and Chairman of the Board. This change follows the departure of co-founder Jan Nugent, effective January 27, 2023. Huberman, who joined Nogin in August 2022, brings over 25 years of experience in public company operations and software markets. Under Nugent's leadership, the company grew its revenue to over $100 million in 2021 and developed the Intelligent Commerce Platform. Huberman aims to continue Nogin's growth strategy, enhancing its ecommerce solutions for brands worldwide.
Nogin, a leader in Commerce-as-a-Service technology, announced that CFO Shahriyar Rahmati will present at the Emerging Growth Conference on January 11, 2023, at 12:00 PM ET. The presentation will be livestreamed, and a recording will be available afterward on the company's investor relations website and Emerging Growth’s YouTube page. Nogin specializes in providing a cloud-based ecommerce platform for brands like bebe and Kenneth Cole, facilitating significant growth in annual gross merchandise value. For inquiries, interested parties can contact Nogin’s investor relations team.
Nogin (NASDAQ: NOGN) has appointed Rupert Bonham-Carter as Chief Revenue Officer, effective immediately. With over 25 years in sales and technology, Bonham-Carter will oversee Nogin's go-to-market operations and drive sales. His previous experience includes serving as director of global sales at Shopify, where he developed winning business relationships. Bonham-Carter expressed enthusiasm about Nogin's unique approach to enterprise ecommerce, which offers a complete solution for brands needing to scale without the complexities typical of larger platforms.
Nogin reported a 20% increase in net revenue for the nine months ended September 30, 2022, totaling $66.5 million, compared to $55.2 million in the same period in 2021. However, Q3 net revenue decreased by 22% to $21.0 million, influenced by supply chain challenges. Operating loss rose to $11.8 million in Q3, driven by discounted pricing and previous product deal losses. The company anticipates a positive fourth quarter due to customer agreements and a cost reduction program, projecting 2022 net revenue of $93-$96 million and expects net income improvement in 2023.
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