GMV

Fiverr Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024
Spend, CFO, Acquisition, Investment, Complex, Marketing, Growth, Adjustment, GAAP, History, GMV, Yoy, Fiverr, Cryptocurrency

GAAP gross margin in the fourth quarter of 2023 was 83.1%, an increase of 210 basis points from 81.0% in the fourth quarter of 2022.

Key Points: 
  • GAAP gross margin in the fourth quarter of 2023 was 83.1%, an increase of 210 basis points from 81.0% in the fourth quarter of 2022.
  • Non-GAAP gross margin1 in the fourth quarter of 2023 was 84.6%, an increase of 150 basis points from 83.1% in the fourth quarter of 2022.
  • Adjusted EBITDA1 in the fourth quarter of 2023 was $16.1 million, compared to $9.4 million in the fourth quarter of 2022.
  • Adjusted EBITDA margin1 was 17.6% in the fourth quarter of 2023, compared to 11.3% in the fourth quarter of 2022.

BigCommerce Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
ARPA, MENA, Architecture, Conair, Growth, Commerce, MUJI, API, Software as a service, Webcast, PayPal, BigCommerce, Fastlane, GAAP, GMV, Ecosystem, VIP, IDC, Partnership, Total, BIGC, ARR, Clothing, Workflow, CFO, NVIDIA, Acquisition, Pharmacy, B2C, Cross, AOV, Average cost, B2B, OMS, Cyber Monday, Digital

AUSTIN, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • AUSTIN, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.
  • Average revenue per account (ARPA) of enterprise accounts was $40,891, up 6% compared to the fourth quarter of 2022.
  • We reported free cash flow of $12.2 million
    Fiscal Year 2023 Financial Highlights:
    Total revenue was $309.4 million, up 11% compared to fiscal year 2022.
  • These items are not within our control and may vary greatly between periods and could significantly impact future financial results.

Global-E Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Growth, Calendar, Adjustment, Vaccination, GAAP, COVID-19, Webcast, GMV, Tax, Security (finance), Depreciation, Bank

See “Non-GAAP Financial Measures” for additional information regarding this metric, including the reconciliations to Operating Profit (Loss), its most directly comparable GAAP financial measure.

Key Points: 
  • See “Non-GAAP Financial Measures” for additional information regarding this metric, including the reconciliations to Operating Profit (Loss), its most directly comparable GAAP financial measure.
  • Such information may have a significant, and potentially unpredictable impact on the Company’s future financial results.
  • Global-e’s definition of Non-GAAP measures may differ from the definition used by other companies and therefore comparability may be limited.
  • These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

Global Social Commerce Market Report 2024: Coverage of 20 Regional Markets, Analyzing Key Opportunities and Risks - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 6, 2024
Marketing, Communications, Digital Marketing, Social Media, Content Marketing, Other Communications, Operational definition, Social commerce, GMV, Online shopping

The global social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 12.7% during 2024-2029.

Key Points: 
  • The global social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 12.7% during 2024-2029.
  • This report provides a detailed data centric analysis of social commerce industry, covering market opportunities and risks.
  • With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.
  • Below is a summary of key market segments offered at country level:
    Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029
    Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029
    Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2020-2029

Riskified Outperforms FY'23 Adjusted EBITDA Guidance by 37% and Ends Year with Positive Free Cash Flow

Retrieved on: 
Tuesday, March 5, 2024
Online Retail, Retail, Security, Apps, Applications, Technology, Other Technology, Software, Gross merchandise volume, Depreciation, Artificial intelligence, CTB, Annual report, Instability, Share repurchase, Conference proceedings, Growth, Table, Exercise, Disclosure, Adjustment, Risk, GAAP, History, Webcast, GMV, Tax, Public expenditure, Privacy, Security (finance), Failure, Insurance, Partnership, Bank

For the year ending December 31, 2024, we currently expect:

Key Points: 
  • For the year ending December 31, 2024, we currently expect:
    We anticipate positive Adjusted EBITDA in 2024.
  • Free Cash Flow is limited because it does not represent the residual cash flow available for discretionary expenditures.
  • Free Cash Flow is not necessarily a measure of our ability to fund our cash needs.
  • We define Free Cash Flow as net cash provided by (used in) operating activities, less cash purchases of property and equipment, and cash spent on capitalized software development costs.

Teikametrics and Carbon6 Partner to Optimize Amazon Advertising and Reimbursement Solutions

Retrieved on: 
Monday, March 4, 2024
Technology, Marketing, Advertising, Electronic Commerce, Communications, Digital Marketing, Search Engine Marketing, Retail, Artificial Intelligence, Online Retail, File, FBA, GMV, Organizational founder, Partnership, Online shopping

Teikametrics will enhance Carbon6’s offerings with its advanced AI-powered advertising flywheel, while the launch of FBA Reimbursements within Teikametrics will allow Amazon sellers to leverage Carbon6’s Seller Investigators reimbursement solution to reclaim up to 3% of their GMV from one simple, streamlined claims dashboard.

Key Points: 
  • Teikametrics will enhance Carbon6’s offerings with its advanced AI-powered advertising flywheel, while the launch of FBA Reimbursements within Teikametrics will allow Amazon sellers to leverage Carbon6’s Seller Investigators reimbursement solution to reclaim up to 3% of their GMV from one simple, streamlined claims dashboard.
  • “Great products lead to great partnerships,” said Alasdair McLean-Foreman, CEO of Teikametrics.
  • “We see a lot of adjacencies with Teikametrics,” said Naseem Saloojee, Cofounder of Carbon6.
  • “Advertising is the lifeblood of Amazon brands, and we believe Teikametrics offers the most comprehensive AI-powered advertising and optimization solution on the market.

VTEX Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024
Data Management, Supply Chain Management, Online Retail, Technology, Marketing, Communications, Digital Marketing, Apps, Applications, Retail, Software, Internet, Growth, Yoy, Health, Aramis, Telecommunications, FX, Skin, PCA, Share repurchase, Carrefour, S&M, GMV, Oshkosh Corporation, G&A, International Financial Reporting Standards, Partnership, Electrolux, International, Bank statement, Commerce, Pierce Manufacturing, B2B, OMS, Risk

VTEX (NYSE: VTEX), the global enterprise digital commerce platform, today announced results for the fourth quarter of 2023 ended December 31, 2023.

Key Points: 
  • VTEX (NYSE: VTEX), the global enterprise digital commerce platform, today announced results for the fourth quarter of 2023 ended December 31, 2023.
  • Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, “In 2023, we consistently surpassed expectations quarter after quarter, navigating an uncertain economic landscape.
  • Non-GAAP subscription gross margin was 78.6% in the fourth quarter of 2023, compared to 73.5% in the same quarter of 2022.
  • Non-GAAP income from operations was US$11.6 million during the fourth quarter of 2023, compared to a Non-GAAP income from operations of US$1.7 million in the third quarter of 2023 and a Non-GAAP income from operations of US$2.1 million in the same quarter of 2022.

China's Liquor Circulation Giant Jiuxian Group: GMV May Reach 10 Billion, Leading the Reform of China's Liquor Industry

Retrieved on: 
Tuesday, February 27, 2024
Retail, Wine & Spirits, Marketing, Internet, Advertising, Social media, KOL, GMV, Multimedia

View the full release here: https://www.businesswire.com/news/home/20240226212765/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240226212765/en/
    Jiuxian Group won the honor of "the first brand value of Chinese liquor circulation" in Huazun Cup for 8 consecutive years.
  • Behind this honor is Jiuxian Group's ultimate pursuit of quality, keen insight into market trends and accurate grasp of consumer demand.
  • Through the livestreaming, Jiuxian Group not only provided consumers with a more intuitive and vivid shopping experience, but also successfully won many leading livestreamers such as "Jiuxian Lafeige", "Jiuxian Liangge" and "Jiuxian Daliang".
  • In addition, in terms of marketing, Jiuxian Group has also made massive innovations and took the initiative to try.

Olo Announces Fourth-Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Data Management, Retail, Technology, Restaurant, Bar, Software, Electronic Commerce, Waffle House, Operating cost, Marketing, Total, Regulation, Investment, Disclosure, Ratio, ARPU, GAAP, Regulation Fair Disclosure, GMV, GPV, Risk, Borderless, Inc., Video game

Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced financial results for the fourth-quarter and full-year ended December 31, 2023.

Key Points: 
  • Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced financial results for the fourth-quarter and full-year ended December 31, 2023.
  • A large casual dining company expanded its Olo relationship by launching Olo Pay across all of their concepts.
  • Olo announced product enhancements to better serve its customers, many of which were showcased in Olo’s 2023 Winter Release event, which can be viewed at olo.com/quarterly-release.
  • Olo will host a conference call today, February 21, 2024 at 5:00 p.m. Eastern Time to discuss the Company’s financial results and financial outlook.

PROG Holdings Reports Fourth Quarter 2023 Results; Initiates Quarterly Cash Dividend

Retrieved on: 
Wednesday, February 21, 2024
Apps, Applications, Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, Share repurchase, Marketing, Holiday, GAAP, PROG, Build, GMV, Tax, EPS, Environment, Face

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization.

Key Points: 
  • PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization.
  • Consolidated revenues for the fourth quarter of 2023 were $577.4 million, a decrease of 5.7% from the same period in 2022, driven by a lower gross leased asset balance entering the quarter.
  • Diluted earnings per share for the fourth quarter of 2023 were $0.41, compared with $0.73 in the year ago period.
  • PROG Holdings ended the fourth quarter of 2023 with cash of $155.4 million and gross debt of $600 million.