Q2 rev $81.8M (+8% YoY); GAAP loss narrows; exchanges & repurchases convertible notes

Commerce.com, Inc.

2024-Q2 EPS reported -$0.23 revenue$162,189,000

Revenue $81.8M (+8% YoY); subscription solutions revenue $61.8M (+10% YoY).
GAAP net loss ($11.3M) vs ($19.1M) YoY; non-GAAP net income $4.1M vs ($1.5M) YoY.
Adjusted EBITDA $3.0M vs ($2.5M) YoY; cash & securities $276.9M.
Exchanged $161.2M of 0.25% 2026 notes for $150M of new 7.5% 2028 notes; repurchased $120.6M for $108.7M cash.
Q3 revenue guidance $82-84M (5-8% growth); FY2024 revenue $330.2-335.2M (7-8% growth).

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