Bigcommerce Holdings, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
February 22, 2024 at 07:00 am EST
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BigCommerce Holdings, Inc. provided earnings guidance for the first quarter and full year 2024, for the quarter, the company expects Total revenue between $76.0 million to $78.0 million, implying a year-over-year growth rate of 6% to 9%.
For the year, the company expects Total revenue between $327.1 million and $335.1 million, translating into a year-over-year growth rate of 6% and 8%.
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.