Shopify And BigCommerce Building API-based Ecosystems

BigCommerce’s Financials

BigCommerce’s revenue in the fourth quarter grew 39% to $43.1 million. GAAP net loss was ($14.2) million, compared to ($10.3) million fourth quarter of 2019. Non-GAAP net loss per share was ($0.12). Analysts had expected a loss of ($0.15) per share on revenue of $38.5 million.

By segment, subscription solutions revenue increased 33% to $29.7 million. Partner and services revenue (PSR) grew 54% to $13.5 million and accounted for 31% of its Q4 revenue. Among other business metrics, ARR from Enterprise accounts was up 56% to $100.8 million. Number of accounts greater than $2,000 in annual contract value (ACV) was up 82%. Average revenue per account (ARPA) of accounts greater than $2,000 in ACV was up 32% to $14,615.

For the year, revenues grew 36% to $152.4 million with a non-GAAP net loss of ($0.79).

For the first quarter of 2021, BigCommerce expects total revenue between $41.8 million and $42.3 million and non-GAAP operating loss between ($8.2) million and ($7.9) million. For the full year 2021, it expects total revenue between $189 million and $191 million and non-GAAP operating loss between ($34.5) million and ($33.3) million.

BigCommerce’s New Offerings and Partnerships

During the quarter, BigCommerce launched Open Checkout, an open-source extension of its native checkout. The solution has been created to enable merchants, developers, and partners to create fully-customized checkout experiences. The extension has been built on BigCommerce’s Checkout SDK and accelerates the process of adding features such as including branded checkout pages to create a cohesive brand experience throughout the customer’s journey. It optimizes checkout pages to make modern delivery options such as buying online and picking up in-store, scheduling delivery dates, and picking up from shared locations easier. Additionally, it presents a one-of-a-kind front-end interface with customer group rules to provide specific pricing, payment, and shipping methods on the checkout page.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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