SPY421.97-0.14 -0.03%
DIA338.65-2.11 -0.62%
IXIC14,161.35+121.67 0.87%

BigCommerce Holdings Narrows Q1 Loss as Revenue Advances; Guides Revenue Upbeat

05/11/2021 13:08

05:04 PM EDT, 05/11/2021 (MT Newswires) -- BigCommerce Holdings (BIGC) on Tuesday reported a Q1 net loss of $0.04 per share, compared with a loss of $0.40 per share in the year-ago quarter.

Analysts polled by Capital IQ were expecting a loss of $0.12.

Revenue for the quarter ended Mar. 31 was $46.7 million, compared with $33.2 million in the year-ago period.

Analysts were expecting revenue of $42.18 million.

The company expects Q2 revenue of between $46.4 million and $46.9 million and full-year revenue of between $196.7 million and $198.2 million, compared with analysts estimates of a mean revenue of $45.67 million and $190.64 million, respectively.

Shares were up about 3% in the after-hours session.

Price: 47.50, Change: +1.03, Percent Change: +2.22