ChannelAdvisor (ECOM) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus
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ChannelAdvisor Reports First Quarter 2021 Results; Revenue and Adjusted EBITDA Significantly Exceed Guidance
May 6, 2021 6:45 AM EDTTotal revenue growth accelerated to 22% year-over-year
Subscription revenue growth accelerated to 17% year-over-year
Revenue from brands increased 39% year-over-year
RESEARCH TRIANGLE PARK, N.C., May 06, 2021 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today reported financial results for the quarter ended March 31, 2021.
First Quarter 2021 HighlightsGAAP
Total revenue increased 22% year-over-year to $39.2 millionSubscription revenue growth accelerated to 17% year-over-yearBrands revenue increased 39% year-over-yearGAAP net income was $5.5 million,... More