BigCommerce Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 22, 2024 at 07:25 am EST
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BigCommerce Holdings, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 309.39 million compared to USD 279.08 million a year ago. Net loss was USD 64.67 million compared to USD 139.92 million a year ago.
Basic loss per share from continuing operations was USD 0.86 compared to USD 1.91 a year ago.
BigCommerce Holdings, Inc. provides an open software-as-a-service e-commerce platform. The Company powers both its customersâ branded e-commerce stores and their cross-channel connections to online marketplaces, social networks, and offline point-of-sale systems. It targets various lines of business: enterprise, the mid-market and small businesses. It provides a comprehensive platform for launching and scaling an e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations into third-party services like payments, shipping and fulfillment, point of sale, marketing, accounting and omnichannel. It offers access to its platform on a subscription basis. Its platform serves customers across a variety of sizes, product categories, and purchase types, including business-to-consumer and business-to-business and Hybrid. It offers free, direct integrations with social networks, such as Facebook and Instagram and others.