BigCommerce Q1 revenue $66.1M (+42% YoY) but net loss widens to $37M; guides Q2 revenue $64.6-67.5M

Commerce.com, Inc.

2023-Q1 EPS reported -$0.51 revenue$66,050,000

GAAP net loss $37.0M ($0.51/share) vs $8.5M ($0.12) a year ago; Non-GAAP loss $13.2M vs $3.1M.
Total ARR $280.4M (+43% YoY); Enterprise ARR $189.0M (+68% YoY); subscription revenue $48M (+50%).
Cash $377.3M; free cash flow negative $23.3M vs ($13.2M) prior year.
Q2 revenue guidance $64.6-67.5M (32-38% YoY), below Q1's 42% growth; full-year revenue $277.8-286.6M.
Acquired B2B Ninja and BundleB2B to strengthen B2B capabilities; launched Multi-Storefront.

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