Stifel Upgrades ChannelAdvisor (ECOM) to Buy

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ChannelAdvisor Announces Third Quarter 2015 Financial Results

November 5, 2015 4:16 PM EST

Revenue of $24.4 million increases 16 percent year-over-year
Adjusted EBITDA of $0.7 million exceeds expectations

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced its financial results for the quarter ended September 30, 2015.

Revenue in the third quarter was above the high end of our expectations at $24.4 million, an increase of 16% from the year-ago period, or 19% on a constant currency basis, said David Spitz, CEO of ChannelAdvisor. Our revenue... More