-=BigCommerce (BIGC) reported earnings on Wed 9 Sept 20 (a/h)

BigCommerce beats by $0.05, beats on revs; guides Q3 revs modestly above consensus; guides FY20 revs modestly above consensus

Reports Q2 (Jun) loss of $0.38 per share, $0.05 better than the S&P Capital IQ Consensus of ($0.43); revenues rose 33.5% year/year to $36.3 mln vs the $35.61 mln S&P Capital IQ Consensus.

Total annual revenue run-rate (ARR) was $151.8 million, up 32% compared to the second quarter of 2019.

Number of accounts greater than $2,000 in annual contract value (ACV) was 9,378, up 7% compared to the second quarter of 2019.

Average revenue per account (ARPA) of accounts greater than $2,000 in ACV was $12,936, up 29% compared to the second quarter of 2019.

Co issues upside guidance for Q3, sees Q3 revs of $35.9-$36.3 mln vs. $34.42 mln S&P Capital IQ Consensus. Sees Non-GAAP operating loss between ($10.4) million and ($10.1) million.

Co issues upside guidance for FY20, sees FY20 revs of $142.5-$143.3 mln vs. $139.57 mln S&P Capital IQ Consensus. Sees Non-GAAP operating loss between ($33.5) million and ($32.9) million.