BIGC - BigCommerce boosts outlook for full year 2021; shares up 14%

BigCommerce (NASDAQ:BIGC) up 14% after yesterday's third-quarter results beat top and bottom-line (adjusted) estimates. Revenue rose 49% on the year to $59.3M vs. the consensus of $54.84M. Adjusted EPS topped estimates by eight cents. Adjusted EBITDA was ($3.1)M, compared to ($6.6)M in the third quarter of 2020; Non-GAAP gross margin was 80%, compared to 79% as of September 30, 2020. Total ARR was up 52% Y/Y to $253.5M. ARR from accounts with at least one Enterprise plan increased 78% to $159.9M. ARR from accounts greater than $2,000 in ACV rose 65% to $222.3M. Revenue in the U.S. grew by 47%, compared to 59% across combined international operations compared to Q3'20. Revenue in EMEA grew by 68% and revenue in APAC grew by 55% vs. Q3'20. Cash, cash equivalents, restricted cash, and marketable securities totaled $410M as of September 30, 2021. For Q4, BigCommerce (BIGC) expects $61.3-61.7M in revenue (consensus: $60.9M) and an

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BigCommerce boosts outlook for full year 2021; shares up 14%