BigCommerce (BIGC) Tops Q3 EPS by 8c

BigCommerce (NASDAQ: BIGC) reported Q3 EPS of ($0.06), $0.08 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $59.3 million versus the consensus estimate of $54.84 million.

“Q3 was a record quarter on many dimensions for BigCommerce, including our 49% year-over-year revenue growth rate, which was our highest as a public company. This rapid growth reflects the success of our Open SaaS platform in serving ever-larger enterprise customers, B2B and headless use cases and new European markets,” said Brent Bellm, chief executive officer at BigCommerce. “Our financial results also incorporate the acquisition of Feedonomics, which provides BigCommerce merchants with market-leading capabilities in omnichannel advertising and selling across 100+ global marketplaces, search engines, social networks, and ad platforms.”

GUIDANCE:

BigCommerce sees Q4 2021 revenue of $61.3-61.7 million, versus the consensus of $60.9 million.

BigCommerce sees FY2021 revenue of $216.2-216.6 million, versus the consensus of $211.36 million.

For earnings history and earnings-related data on BigCommerce (BIGC) click here.

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