BIGC - BigCommerce stock climbs after Q1 beats upside sales guidance

BigCommerce (BIGC) shares gain 4.3% after reporting Q1 beats with upside Q2 and full-year guidance.Q1 revenue was up 41% on the year to $46.67M. The $0.04 loss per share was $0.08 better than analysts expected.Total ARR was up 43% Y/Y to $196.3M. ARR from accounts with at least one Enterprise plan increased 58% to $112.4M. ARR from accounts greater than $2,000 in ACV rose 51% to $163.7M.The number of accounts with greater than $2,000 in ACV was up 17% to 10,509. Average revenue per account for this group was up 29% to $15,582.Adjusted EBITDA loss was $2.4M versus the $5.7M loss in last year's quarter, an improvement driven by higher margin PSR and ongoing cost discipline.“With first quarter revenue up 41% over 2020, we are following up three successive years of accelerating growth with another quarter of accelerating growth. This not only reflects our strategic differentiation but the ability of our merchants to grow

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BigCommerce stock climbs after Q1 beats, upside sales guidance