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Mar 31, 2022
BigCommerce Q1 2022 Earnings Report
BigCommerce experienced growth in revenue and ARR, driven by enterprise accounts and strategic acquisitions.
Key Takeaways
BigCommerce announced its Q1 2022 financial results, reporting a 42% increase in total revenue to $66.1 million and a 43% increase in total ARR to $280.4 million compared to the previous year. The company's growth was fueled by a strong performance in enterprise accounts and strategic acquisitions aimed at strengthening its B2B capabilities.
Total revenue increased by 42% year-over-year to $66.1 million.
Total ARR grew by 43% year-over-year to $280.4 million.
Enterprise ARR increased by 68% year-over-year.
Launched Multi-Storefront feature to manage multiple storefronts.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
BigCommerce provided financial outlook for Q2 2022 and full year 2022, expecting revenue growth and non-GAAP operating loss.
Positive Outlook
- Total revenue for Q2 2022 is expected to be between $64.6 million and $67.5 million, implying a year-over-year growth rate of 32% to 38%.
- Total revenue for the full year 2022 is expected to be between $277.8 million and $286.6 million, translating into a year-over-year growth rate of 26% and 30%.
- Strategic partnership with Bolt to offer one-click checkout.
- Direct integration with Digital River for global commerce solutions.
- Expansion of reseller partnerships for commerce-as-a-service.
Challenges Ahead
- Non-GAAP operating loss for Q2 2022 is expected to be between $16 million and $18 million.
- Non-GAAP operating loss for the full year 2022 is expected to be between $47.9 million and $53.9 million.
- GAAP gross margin decreased to 74% from 80% in the first quarter of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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