secwatch.observer — SEC 8-K summary
======================================

Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018424
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024018424/0000950170-24-018424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024018424/bigc-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer