BigCommerce Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:19 am EST
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BigCommerce Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 78.05 million compared to USD 72.39 million a year ago. Net loss was USD 20.31 million compared to USD 30.3 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.41 a year ago.
For the nine months, sales was USD 225.25 million compared to USD 206.64 million a year ago. Net loss was USD 61.5 million compared to USD 106.94 million a year ago. Basic loss per share from continuing operations was USD 0.82 compared to USD 1.46 a year ago.
BigCommerce Holdings, Inc. provides an open software-as-a-service e-commerce platform. The Company powers both its customersâ branded e-commerce stores and their cross-channel connections to online marketplaces, social networks, and offline point-of-sale systems. It targets various lines of business: enterprise, the mid-market and small businesses. It provides a comprehensive platform for launching and scaling an e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations into third-party services like payments, shipping and fulfillment, point of sale, marketing, accounting and omnichannel. It offers access to its platform on a subscription basis. Its platform serves customers across a variety of sizes, product categories, and purchase types, including business-to-consumer and business-to-business and Hybrid. It offers free, direct integrations with social networks, such as Facebook and Instagram and others.
BIGCOMMERCE HOLDINGS, INC. 
