BigCommerce Q2 revenue up 11% to $75.4M; reaches adjusted EBITDA profitability milestone

Commerce.com, Inc.

2023-Q2 EPS reported -$0.55 revenue$147,200,000

Total revenue $75.4M (+11% YoY), ARR $331.1M (+12% YoY), Enterprise ARR $236.4M (+14% YoY).
GAAP net loss narrowed to ($19.1M) from ($39.6M); non-GAAP net loss ($1.5M) or (2%) of revenue.
Adjusted EBITDA loss improved to ($2.5M) from ($12.9M); Q2 free cash flow positive $13.7M.
Leadership changes: Steven Chung hired as President; Daniel Lentz promoted to CFO; Hubert Ban appointed CAO.
Q3 2023 guidance: revenue $76.3M-$79.3M (5-10% YoY); FY2023 revenue $304M-$310M (9-11% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Commerce.com, Inc. reported second quarter ended June 30, 2023 results: revenue $75.4 million, net income ($19.1) million, EPS ($0.25).

Period: second quarter ended June 30, 2023
Revenue: $75.4 million
Net income: ($19.1) million
EPS: ($0.25)
Result: reported results

Exact text from the filing

Total revenue was $75.4 million, up 11% compared to the second quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-037951

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