NASDAQ$CMRC
Commerce.com Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
BigCommerce's Q4 2022 financial results demonstrated strong progress in profitability and operating cash flow, with revenue growing faster than the broader ecommerce industry.
BigCommerce reported Q4 revenue of $72.4 million, a 12% increase year-over-year, and total ARR of $311.7 million, up 16% year-over-year. The company's focus on the enterprise segment and cost structure reduction aims for profitability in Q4 2023.
- Total revenue increased by 12% to $72.4 million compared to Q4 2021.
- Total ARR reached $311.7 million, a 16% increase compared to the previous year.
- Enterprise ARR grew by 30% to $224 million compared to Q4 2021.
- GAAP gross margin was 74%, consistent with Q4 2021.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$72.4M
Revenue by segment
BigCommerce · $72.4M total across 2 segments · Q4 2022
- Subscription solutions$53.3M+13.8%73.6%
- Partner and services$19.1M+6.0%26.4%
Forward guidance
For Q1 2023, BigCommerce anticipates total revenue between $69.7 million and $72.7 million, with a non-GAAP operating loss between $8.2 million and $12.2 million. For the full year 2023, the company expects total revenue between $301 million and $313 million, and a non-GAAP operating loss between $15.7 million and $22.7 million.
Tailwinds
- Total revenue is expected to be between $69.7 million to $72.7 million for Q1 2023, implying a year-over-year growth rate of 6% to 10%.
- Full year 2023 total revenue is projected to be between $301 million and $313 million, translating into a year-over-year growth rate of 8% and 12%.
- Focus on reducing cost structure to accelerate path to profitability.
- Launch of Omnichannel Certified Partner (OCP) Program to generate new revenue streams.
- Strategic partnerships with Sage, Snapchat, Microsoft Ads, and WPP to offer comprehensive solutions.
Headwinds
- Non-GAAP operating loss is expected to be between $8.2 million to $12.2 million for Q1 2023.
- Full year 2023 non-GAAP operating loss is projected to be between $15.7 million and $22.7 million.
- Financial outlook is based on assumptions that are subject to change and outside of the company's control.
- There can be no assurance that the company will achieve the expected results.
- Company does not provide guidance for operating loss, the most directly comparable GAAP measure to Non-GAAP operating loss.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-2.4%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-2.9%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+30.4%
Q3 2021
Best reaction
-32.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.3% | -1.0% | -2.1% | |
| Q4 2025 | -10.2% | +6.2% | +0.0% | |
| Q3 2025 | +0.6% | +11.1% | -0.6% | |
| Q1 2025 | +0.6% | +2.5% | +1.2% | |
| Q4 2024 | -6.7% | +2.7% | -10.5% | |
| Q3 2024 | +9.5% | +13.5% | +36.2% | |
| Q2 2024 | -23.8% | -27.4% | -27.7% | |
| Q1 2024 | +13.5% | +17.5% | +19.6% | |
| Q4 2023 | -4.8% | -4.7% | -11.8% | |
| Q3 2023 | -16.3% | -15.3% | -9.4% | |
| Q2 2023 | +20.4% | +9.0% | +8.2% | |
| Q1 2023 | +3.4% | +0.0% | +32.5% | |
| Q4 2022 | -18.9% | -15.6% | -24.4% | |
| Q3 2022 | -32.1% | -39.5% | -29.5% | |
| Q2 2022 | +3.3% | +4.4% | -15.7% | |
| Q1 2022 | +12.7% | +4.8% | +2.2% | |
| Q4 2021 | -13.7% | -17.3% | -12.3% | |
| Q3 2021 | +30.4% | +39.1% | -9.8% | |
| Q2 2021 | -8.7% | -9.9% | -14.3% | |
| Q1 2021 | -10.5% | -2.5% | +24.9% | |
| Q4 2020 | -10.5% | -16.5% | -23.7% | |
| Q3 2020 | -3.8% | -9.7% | -2.8% | |
| Q2 2020 | -12.8% | -14.3% | +2.5% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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