Summary
- Shares of BigCommerce have continued to slide and are now down more than 60% year to date.
- The company has sustained near-40% y/y revenue growth, though investors are balking at the rising loss margins.
- Relative to other e-commerce companies, however, BigCommerce is more shielded from a macro downturn.
- This is due to two factors: one, a revenue base that largely derives from enterprise subscriptions, and two, minimal FX exposure.
- Trading at just 3x forward revenue, BigCommerce is currently a steal.
For further details see:
BigCommerce: Lean In As The Stock Crumbles