- BigCommerce press release ( NASDAQ: BIGC ): Q2 Non-GAAP EPS of -$0.19 beats by $0.05 .
- Revenue of $68.2M (+39.2% Y/Y) beats by $2.04M .
- Adjusted EBITDA was -$13.2M, compared to -$3.5M in the second quarter of 2021.
- Total annual revenue run-rate as of June 30, 2022 was $296.0 million, up 41% compared to June 30, 2021.
- Subscription revenue was $51.3M, up 51% compared to the second quarter of 2021.
- Subscription ARR as of June 30, 2022 was $225.8M, up 48% compared to June 30, 2021.
- Number of enterprise accounts was 5,418, up 38% compared to the second quarter of 2021.
- Average revenue per account of enterprise accounts was $38,133, up 22% compared to the second quarter of 2021.
- For the third quarter of 2022, the company currently expects: Total revenue between $68.3 million to $71.2 million vs. consensus of $71.50M, implying an organic year-over-year growth rate of 15% to 20% with revenue from Feedonomics in the base period. Non-GAAP operating loss is expected to be between $14.4 million to $16.4 million.
- For the full year 2022, the company currently expects: Total revenue between $277.0 million and $282.9 million vs. consensus of $280.77M, translating into a year-over-year growth rate of 26% and 29%. Non-GAAP operating loss between $48.9 million and $52.9 million.
For further details see:
BigCommerce reports Q2 earnings beat; narrows FY22 guidance and issues Q3 outlook