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

Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001193125-23-272894
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce Q3 revenue $78M (+8% YoY); GAAP net loss narrows; cuts 7% workforce
-------------------------------------------------------------------------------

- Revenue $78.0M (+8% YoY); Total ARR $332.2M (+9% YoY); Enterprise ARR $240.6M (+11% YoY).
- GAAP op loss ($22.2M) vs ($30.6M); Non-GAAP op loss ($1.2M) vs ($11.5M); Adj EBITDA ($102K) vs ($10.5M).
- GAAP net loss ($20.3M) ($0.27 EPS) vs ($30.3M) ($0.41 EPS); Non-GAAP net income $686K ($0.01 EPS).
- Workforce reduction ~7% with $5.5M charge in Q3; cash impact $3.1M Q4 2023, $2.1M FY2024.
- Deferred revenue up 85% YoY; cash and securities $266.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/d909480d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-272894

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