How did BIGC's revenue and expenses trend in Q4 2024?

BigCommerce Holdings Inc. (BIGC) demonstrated a positive revenue trend with an increase in total revenue for Q4 2024, while expenses showed some variation. 1. **Revenue Growth**: BIGC's total revenue for the quarter was $83.7 million, marking a 7.3% increase from the same quarter of the previous year ($78.0 million). This growth was attributed to increases in both subscription solutions and partner and services revenue. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Partner and Services|8.5057E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Partner and Services|6.0317E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Partner and Services|3.9434E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Partner and Services|1.9401E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Subscription Solutions|6.0959E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|20240101-2024|Partner and Services|1.9401E7|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q1|71.10307414104882|-6392000|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q2|40.965119328612644|-1.1255E7|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q3|65.56868537666173|-6993000|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q4|24.748110831234257|-2390000|185| |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q1|73.33333333333333|-0.08|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q2|40|-0.15|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q3|66.66666666666667|-0.09|185| |BIGC|BIGC.O|Bigcommerce Holdings|2024 Q4|25.000000000000007|-0.03|185| 2. **Expense Management**: The cost of revenue for the quarter was $19.9 million, representing 24% of sales. This percentage remained consistent with the same quarter of the previous year. The company reported a gross profit of $63.8 million, up from $59.0 million in the previous year, primarily due to higher revenue. Sales and marketing expenses decreased to $33.1 million from $36.3 million, which was mainly due to reduced variable marketing costs and decreased salaries following restructuring efforts. 3. **Financial Performance**: Despite the revenue growth, BIGC reported a net loss of $7.0 million for the quarter, which was a significant improvement from the $20.3 million net loss in the same quarter of the previous year. The improvement was partly due to a gain of $12.1 million from the extinguishment of convertible notes. 4. **Earnings Per Share (EPS)**: BIGC's EPS for the quarter was negative at $0.24. However, when comparing the current quarter with the previous year, there was an improvement in EPS, with the loss per share reducing from $0.27 in Q3 2023 to $0.09 in Q3 2024. In conclusion, BIGC showed strong revenue growth in Q4 2024, managed expenses effectively, and improved its net loss position. The company's EPS also indicated a positive trend, reflecting improved financial performance.