BigCommerce Reports Q4 Loss, Surpasses Estimates
AUSTIN, Texas - BigCommerce Holdings, Inc. (BIGC) reported a fourth-quarter loss of $2.4 million on Thursday. On a per-share basis, the Austin, Texas-based company reported a loss of 3 cents. Adjusted earnings came in at 11 cents per share, exceeding Wall Street estimates.
Seven analysts surveyed by Zacks Investment Research had forecasted earnings of 6 cents per share. Revenue for the quarter reached $87 million, also surpassing Street forecasts of $86.8 million as estimated by six Zacks analysts.
For the full year, BigCommerce narrowed its loss to $27 million or 35 cents per share. Revenue for the year was reported at $332.9 million.
Looking ahead, BigCommerce expects revenue to be in the range of $81.2 million to $83.2 million for the current quarter ending in March. The company forecasts full-year revenue between $342.1 million and $350.1 million.
BigCommerce shares have risen over 9% year-to-date but have declined 20% over the past 12 months.