Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
BigCommerce Holdings Inc (BIGC) Q1 2024 Earnings: Aligns with EPS Projections and Surpasses ...
Revenue: Reported at $80.4 million, up 12% year-over-year, slightly below the estimate of $80.48 million.Net Income: Non-GAAP net income reached $5.0 million, significantly surpassing the estimated $3.08 million.Earnings Per Share: Non-GAAP EPS was $0.07, exceeding the estimated EPS of $0.04.Gross Margin: GAAP gross margin improved to 77% from 76% in the previous year; Non-GAAP gross margin was 78%, up from 77%.Free Cash Flow: Reported negative free cash flow of $4.2 million, compared to negative $20.8 million in the prior year.Annual Revenue Run-Rate (ARR): Increased by 7% to $340.1 million as of March 31, 2024.Subscription Revenue: Grew by 13% to $61.0 million compared to the first quarter of 2023.
Warning! GuruFocus has detected 5 Warning Signs with BIGC.