BIGC Earnings Prediction
The chart below shows how BIGC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BIGC sees a +2.31% change in stock price 10 days leading up to the earnings, and a -5.46% change 10 days following the report. On the earnings day itself, the stock moves by -2.40%. This data can give you a slight idea of what to expect for the next quarter's release.
BIGC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
83.71M
7.26%
2.30%
Gross Margin
73.36%
0.52%
0.78%
Operating Margin
-10.75%
-45.32%
-16.86%
Net Margin
-8.35%
-67.91%
-39.27%
EPS
-0.09
-66.67%
-40.00%
No Data Available
BIGC Earnings Analysis
BigCommerce Holdings, Inc. Series 1 Common Stock Corporation (BIGC.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: BigCommerce reported total revenue of just under $84 million for Q3 2024, reflecting a 7% year-over-year increase.
Operating Income Turnaround: 2. Improved Operating Income: The company achieved a non-GAAP operating income of over $4 million in Q3 2024, a significant turnaround from a loss of $1 million in the same period last year, marking a 700 basis point improvement in operating margin.
Cash Flow Improvement: 3. Strong Cash Flow: BigCommerce generated operating cash flow of just under $14 million for the nine months ended September 30, 2024, representing a $51 million improvement year-over-year.
ARR Growth Analysis: 4. Annual Recurring Revenue (ARR) Growth: The company ended Q3 with an ARR of approximately $348 million, up 5% year-over-year, with enterprise account ARR growing 7% year-over-year to approximately $257 million.
Enterprise Revenue Growth: 5. Increased Average Revenue per Account: Average revenue per enterprise account rose to $43,600, reflecting an 8% year-over-year increase, indicating strong performance in their enterprise segment.
Negative
Enterprise Account Decline: 1. Declining Enterprise Accounts: The number of enterprise accounts has decreased for three consecutive quarters, with the latest quarter showing a more significant decline than previous periods, indicating potential issues with customer retention.
Average Revenue Challenges: 2. Stagnant Average Revenue per Account: While enterprise account ARR grew by 7% year-over-year, non-enterprise accounts using essentials plans saw a decline of 1% year-over-year, highlighting challenges in maintaining revenue from smaller accounts.
Revenue Growth Outlook: 3. Low Revenue Growth Guidance: For Q4 2024, the company expects revenue growth of only 2% to 4%, and for the full year 2024, revenue growth is projected at approximately 7% to 8%, which is below market expectations.
Restructuring Cost Challenges: 4. Cost Structure Challenges: The company announced a $9.9 million charge related to restructuring, indicating ongoing challenges in managing operational costs effectively while attempting to streamline the organization.
Pipeline Growth Challenges: 5. Underperformance in Pipeline Growth: The company has not seen the desired pipeline growth across the business, particularly in B2B, which has contributed to the decline in enterprise account numbers and overall revenue expectations.
BIGC FAQs
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BIGC Earning Call Sentiment
BigCommerce Holdings, Inc. (BIGC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BIGC.O
0%Positive
The earnings call summary shows mixed signals: moderate revenue growth, cost structure improvements, and strong enterprise ARPU growth are positive. However, the decline in enterprise accounts and unclear guidance on the Rule of 40 profile raise concerns. The Q&A reveals cautious optimism with some uncertainties, particularly regarding tariffs and competitive pressures. Given the balance of positive and negative factors, the stock price is likely to remain stable in the short term.
