Why Ecommerce Company BigCommerce's Shares Are Sliding Today

  • By Grand News Network
  • |
  • November 8, 2023

BigCommerce Holdings, Inc. (NASDAQ: BIGC) reported Q3 revenues of $78.045 million, marginally missing the street view of $78.150 million. Quarterly revenue rose 8% Y/Y.

Non-GAAP loss per share was ($0.01), beating the analyst consensus of ($0.03) loss.

Subscription revenue was $58.7 million, up 10% Y/Y. Number of enterprise accounts was 5,951, up 7% Y/Y.

Non-GAAP gross margin was 77%, unchanged from the third quarter of 2022.

Revenue in the Americas grew by 7%, EMEA increased by 23%, ...

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