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BigCommerce: Q4 Earnings Snapshot
By AP News - Feb 20, 2025, 07:33 AM ET
Last Updated - Feb 20, 2025, 07:33 AM EST
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — BigCommerce Holdings, Inc. (BIGC) on Thursday reported a loss of $2.4 million in its fourth quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and amortization costs, came to 11 cents per share.
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The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The company posted revenue of $87 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $86.8 million.
For the year, the company reported that its loss narrowed to $27 million, or 35 cents per share. Revenue was reported as $332.9 million.
For the current quarter ending in March, BigCommerce said it expects revenue in the range of $81.2 million to $83.2 million.
The company expects full-year revenue in the range of $342.1 million to $350.1 million.
BigCommerce shares have increased slightly more than 9% since the beginning of the year. The stock has dropped 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIGC at https://www.zacks.com/ap/BIGC
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