tl;dr
BigCommerce (NASDAQ: BIGC) reported impressive Q1 results, with a Non-GAAP EPS of $0.07, surpassing expectations by $0.03. The revenue of $80.4M showed a 12.0% year-over-year increase, exceeding estimates by $3.14M. The number of enterprise accounts stood at 5,970, marking a 2% increase from the fir...
BigCommerce (NASDAQ: BIGC) reported impressive Q1 results, with a Non-GAAP EPS of $0.07, surpassing expectations by $0.03. The revenue of $80.4M showed a 12.0% year-over-year increase, exceeding estimates by $3.14M. The number of enterprise accounts stood at 5,970, marking a 2% increase from the first quarter of 2023. Additionally, the average revenue per enterprise account rose by 6% to $41,581 compared to the same period in 2023. The company experienced significant revenue growth in the Americas (12%), EMEA (15%), and APAC (11%) compared to the first quarter of 2023. Adjusted EBITDA improved to $4.2 million from ($5.5) million in the first quarter of 2023. Looking ahead to Q2 and the full year 2024, BigCommerce anticipates total revenue for the second quarter to range between $79.8 million and $81.8 million, implying a year-over-year growth rate of 6% to 8%. Non-GAAP operating income for Q2 is projected to be between $200 thousand to $1.2 million. For the full year 2024, the company expects total revenue between $329.7 million and $335.7 million, translating into a year-over-year growth rate of 7% and 9%. Non-GAAP operating income for the full year is estimated to be between $10.2 million and $14.2 million.
More about Bigcommerce Holdings Inc
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Bigcommerce Holdings Inc
BigCommerce Holdings, Inc. operates a software as a service platform for small businesses, medium-sized businesses, and large businesses in the United States. The company is headquartered in Austin, Texas.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 513768000
Dividend Yield: None
Beta (5Y Monthly): None
Price/Earnings Ratio (TTM): -0.86
Earnings Per Share (TTM): 4.117
Operating Cash Flow: -0.209
Volume: 309394000
Forward Annual Dividend Rate: 9.55
Forward Annual Dividend Yield: 0
Payout Ratio: 0.162
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