ChannelAdvisor (ECOM) Misses Q1 EPS by 9c, Offers Guidance

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Go back to ChannelAdvisor (ECOM) Misses Q1 EPS by 9c, Offers Guidance

ChannelAdvisor Reports First Quarter 2022 Results; Achieves Record Subscription Revenue

May 6, 2022 6:45 AM EDT

Subscription revenue increased 17% year-over-year

Brands subscription revenue increased 36% year-over-year

Adjusted EBITDA exceeds guidance

RESEARCH TRIANGLE PARK, N.C., May 06, 2022 (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, 2022.

First Quarter 2022 HighlightsGAAP

Total revenue of $42.3 million was at the high-end of the guidance rangeSubscription revenue increased 17% year-over-yearBrands revenue increased 32% year-over-yearBrands subscription... More