BigCommerce Q4 revenue $84.1M (+16% YoY), adjusted EBITDA $6.5M; guides FY2024 rev $327-335M

Commerce.com, Inc.

2023-FY EPS reported -$0.86 revenue$309,394,000

Q4 revenue $84.1M (+16% YoY); GAAP net loss ($3.2M) vs ($33.0M) a year ago; EPS ($0.04).
Q4 adjusted EBITDA $6.5M (8% margin) vs ($8.6M); operating cash flow $13.3M (16% of revenue).
FY2023 revenue $309.4M (+11% YoY); GAAP net loss ($64.7M) vs ($139.9M); adjusted EBITDA ($1.6M) vs ($43.6M).
Q1 2024 guidance: revenue $76-78M (6-9% YoY); Non-GAAP op income $1-2M. FY2024: rev $327-335M (6-8% YoY).
Launched Catalyst storefront, B2B Invoice Portal; customer wins include NVIDIA, MUJI, Mizuno.

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 0.9

Commerce.com, Inc. reported the fiscal year ended December 31, 2023 results: revenue $309.4 million, net income ($64.7) million, EPS ($0.86).

Period: the fiscal year ended December 31, 2023
Revenue: $309.4 million
Net income: ($64.7) million
EPS: ($0.86)
Result: reported results

Exact text from the filing

Fiscal Year 2023 Financial Highlights: • Total revenue was $309.4 million, up 11% compared to fiscal year 2022. • Subscription revenue was $229.3 million, up 11% compared to fiscal year 2022. • GAAP gross margin was 76%, compared to 75% in fiscal year 2022. Non-GAAP gross margin was 78%, compared to 76% in fiscal year 2022. Operating Loss and Non-GAAP Operating Income (Loss) • GAAP operating loss was ($72.4) million, compared to ($140.6) million in fiscal year 2022. • Non-GAAP operating loss was ($5.7) million, compared to ($47.0) million in fiscal year 2022. Net Income (Loss) and Earnings Per Share • GAAP net loss was ($64.7) million, compared to ($139.9) million in fiscal year 2022. • Non-GAAP net income (loss) was $2.1 million or 1% of revenue, compared to ($46.3) million or (16.6%) of revenue in fiscal year 2022. • GAAP net loss per share was ($0.86) based on 75.1 million shares of common stock, compared to ($1.91) based on 73.2 million shares of common stock in fiscal year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Commerce.com, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $84.1 million, net income ($3.2) million, EPS ($0.04).

Period: the fourth quarter ended December 31, 2023
Revenue: $84.1 million
Net income: ($3.2) million
EPS: ($0.04)
Result: reported results

Exact text from the filing

Fourth Quarter Total Revenue of $84.1 Million, an Increase of 16% Versus Prior Year; Fourth Quarter GAAP Net Loss ($3.2) Million, Compared to a Loss of ($33.0) Million Versus Prior Year; Fourth Quarter Adjusted EBITDA of $6.5 Million, a 20-point Increase in Adjusted EBITDA Versus Prior Year; Operating Cash Flow of $13.3 Million

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Commerce.com, Inc. filing history →

Source: SEC EDGAR

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