ChannelAdvisor Corporation announces Catalyst Americas 2018 conference, April 17-19, 2018 in San Diego, CA

Annual conference focuses on providing ways that retailers and branded manufacturers can compete, accelerate and win in a competitive landscape

Research Triangle Park, NC, 2017-Dec-08 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (December 5, 2017 ) announced that its Catalyst Americas 2018 conference will take place April 17-19, 2018 at the San Diego Convention Center in San Diego, CA. Now in its 11th year, this annual conference has become a preeminent e-commerce event for brands and retailers. Every year, Catalyst evolves to provide the best learning and peer-to-peer experience for companies to excel in an increasingly competitive and fragmented retail landscape. This year’s Catalyst agenda, featuring in-depth working sessions, dynamic industry thought leaders and unrivaled networking opportunities, reflects the ever-changing needs of retailers and branded manufacturers to help them compete, accelerate and win.

“The very definition of ‘Catalyst’ is an agent for change or an instrument that speeds up a reaction. That’s exactly how we see our conference—this is ‘your’ Catalyst—whether the change you want to see is growth on new channels, connections to a broader network, new strategies for gaining a competitive edge, or some combination, Catalyst will deliver,” said David Spitz, ChannelAdvisor CEO. Spitz continued, “I’m also personally excited to host the conference in a beautiful city that will serve as a great venue for the conference and networking activities.”“I always get excited to hear not only about industry trends, but also the enhancements to the ChannelAdvisor suite of products and services. That helps me stay focused on the future and gives me an advantage in the marketplace.” said Sarah Young, digital marketing specialist at Augusta Sportswear, and a previous attendee of Catalyst Americas.

ChannelAdvisor is currently offering an early-bird rate of $975 until January 15, 2018, as well as discounted hotel rates. In addition to the early bird rate, registrations prior to January 15, 2018 are eligible for an additional savings of $99 using the promo code ANNOUNCE2018. For more information and to register for Catalyst Americas 2018 please visit https://catalyst.channeladvisor.com/.

For more details about ChannelAdvisor, visit our blog, follow us on Twitter@ChannelAdvisor, Like us on Facebook and connect with us on LinkedIn.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped retailers and branded manufacturers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

ChannelAdvisor Corporation Q3 2017 results: Total revenue of $30.1 million increased 8 percent YoY

  • Revenue of $30.1 million increases 8 percent year-over-year
  • GAAP net loss of $(4.1) million
  • Adjusted EBITDA of $0.4 million exceeds guidance

Research Triangle Park, 2017-Nov-03 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (Nov. 02, 2017 ) announced its financial results for the quarter ended September 30, 2017.

“Revenue in the third quarter was at the top end of our guidance range,” said David Spitz, CEO of ChannelAdvisor. “This revenue, combined with our careful expense management, produced adjusted EBITDA that was above the high end of our guidance. Our long-term trend of increasing average revenue per customer continued in the third quarter, reflecting both the value we bring to customers, as well as our focus on larger deals. In addition, we are encouraged by growing interest from brands and manufacturers looking to partner with us for their marketplace strategies. We were also pleased to see our international revenue increase 16% year over year for the quarter. Offsetting our overall performance in the quarter was a slower than expected recovery in digital marketing, as well as a sales reorganization in North America that impacted execution in the quarter. As a result of these factors, we are now moderating our revenue and adjusted EBITDA expectations for full year 2017, but we remain confident in our ability to drive faster growth next year, as these changes in the North America sales organization are designed to replicate the strong results we have seen internationally following similar organizational changes earlier in the year. With these changes and continued investments in our technology leadership, we are confident we are now even better positioned to make improving progress toward our long-term financial targets.”

Third Quarter 2017 Financial Results

  • Total revenue of $30.1 million for the third quarter of 2017 increased 8 percent compared with total revenue of $28.0 million for the third quarter of 2016.
  • GAAP net loss was $(4.1) million compared with GAAP net loss of $(2.6) million in the third quarter of 2016. GAAP net loss per share was $(0.15), based on 26.4 million weighted average shares outstanding, compared with a GAAP net loss per share of $(0.10) in the year-ago period, based on 25.7 million weighted average shares then outstanding.
  • Non-GAAP net loss, which excludes the impact of non-cash stock-based compensation, was $(1.2) million for the third quarter of 2017 compared with non-GAAP net income of $0.3 million for the third quarter of 2016.
  • Adjusted EBITDA, a non-GAAP measure, was $0.4 million for the third quarter of 2017 compared with $2.2 million for the third quarter of 2016. Adjusted EBITDA excludes depreciation, amortization, income tax expense (benefit), interest, and stock-based compensation expense.
  • Cash and cash equivalents at quarter-end totaled $54.2 million, compared with $57.9 million at the end of the second quarter of 2017.

Recent Business Highlights

  • Average revenue per customer, calculated on a trailing twelve-month basis, increased 9 percent to $41,748 for the twelve months ended September 30, 2017, compared with $38,400 for the twelve months ended September 30, 2016. Total customer count was 2,902 at the end of the third quarter of 2017, compared with 2,880 customers at the end of the third quarter of 2016. These metrics do not include approximately 50 net new customers acquired with our acquisition of HubLogix Commerce Corp. during the second quarter of 2017.
  • Fixed subscription fees were 79 percent of total revenue and variable subscription fees were 21 percent of total revenue for the third quarter of 2017. This compares to 80 percent and 20 percent, respectively, for the third quarter of 2016.
  • Added new top-tier customers including Edgewell Personal Care Oceania, Gildan, LG Electronics Nordic, Radioshack, and Stanley Black & Decker.
  • Released new platform capabilities in the company’s second release this year, featuring an integration for Amazon Marketing Services (AMS), the introduction of ChannelAdvisor’s new Price Manager and Demand Forecaster, along with support for eBay Guaranteed Delivery and Amazon Seller Fulfilled Prime in the UK and Germany.
  • Expanded its research and development team with a new office in Madrid, Spain, and announced plans to open an office in Denver, CO.
  • Announced support for both Catch and Amazon Marketplaces in Australia.
  • Recognized as one of the Triangle Business Journal’s 2017 Best Places to Work and named a finalist for the NC Tech Awards – Use of Technology, E-Commerce award.

Financial Outlook

Based on information available as of today, ChannelAdvisor is issuing the following guidance for the fourth quarter and full year of 2017:

Fourth Quarter 2017

  • Total revenue between $34.0 million and $34.6 million.
  • Adjusted EBITDA between $3.7 million and $4.3 million.
  • Stock-based compensation expense between $3.0 million and $3.4 million.
  • 26.6 million weighted average shares outstanding.

Full Year 2017

  • Total revenue between $122.4 million and $123.0 million.
  • Adjusted EBITDA between $4.4 million and $5.0 million.
  • Stock-based compensation expense between $12.1 million and $12.5 million.
  • 26.4 million weighted average shares outstanding.

Refer to the “Adjusted EBITDA Guidance Reconciliation” table included with the financial tables at the end of this release for the reconciliation to the most comparable GAAP financial measure.

Conference Call Information

What: ChannelAdvisor Third Quarter 2017 Financial Results Conference Call

When: Thursday, November 2, 2017

Time: 4:30 p.m. ET

Live Call: (855) 638-4821, Passcode 2143219, Domestic (704) 288-0612, Passcode 2143219, International

Webcast: http://ir.channeladvisor.com (live and replay)

Key Operating Metrics

Average revenue per customer is revenue divided by the average monthly number of customers during the period, which is calculated by taking the sum of the number of customers at the end of each month in the period and dividing by the number of months in the period.

Number of customers includes all customers who subscribe to at least one of our solutions, but excludes customers acquired from our acquisition of HubLogix and customers who subscribe only to certain legacy product offerings that are no longer part of our strategic focus.

Non-GAAP Financial Measures

This press release contains the following non-GAAP financial measures: non-GAAP net (loss) income and adjusted EBITDA.

ChannelAdvisor believes that these non-GAAP measures of financial results provide useful information to management and investors relating to ChannelAdvisor’s financial condition and results of operations. The company’s management uses these non-GAAP measures to compare the company’s performance to that of prior periods for trend analyses, and for budgeting and planning purposes. The company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors, and that it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making.

Management of the company does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in the company’s financial statements. In order to compensate for these limitations, management presents non-GAAP financial measures together with GAAP results. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release. ChannelAdvisor urges investors to review the reconciliation and not to rely on any single financial measure to evaluate the company’s business. In addition, other companies, including companies in our industry, may calculate similarly named non-GAAP measures differently than we do, which limits their usefulness in comparing our financial results with theirs.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped retailers and branded manufacturers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor/globenewswire

ChannelAdvisor shortlisted for the NC Tech Awards for E-Commerce Use of Technology award

Company aims for second E-Commerce Use of Technology award

Research Triangle Park, NC, 2017-Oct-02 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that it has been selected as a finalist for the NC Tech Awards for the Use of Technology, E-Commerce award. The NC Tech Awards is North Carolina’s only statewide technology awards program that recognizes for achievement in technology and is presented by the North Carolina Technology Association (NCTA).  The Best Use of Technology for E-Commerce category celebrates the development or implementation of technology to improve the online purchasing experience for customers. ChannelAdvisor was previously honored with this award in 2014.

“For nearly two decades, we’ve helped our customers with their e-commerce success. We’re incredibly proud of what we’ve built and where we continue to innovate,” said David Spitz, ChannelAdvisor CEO. “It’s an honor to be named a finalist for this award, which recognizes the hard work our team has contributed over the last year.”

“For over 20 years, the NC Technology Association has celebrated companies, organizations and individuals for outstanding achievement at the NC Tech Awards.  As a finalist this year, ChannelAdvisor has distinguished itself as one of the state’s innovative and emergent leaders,” stated Brooks Raiford, NCTA’s President and CEO.

The awards process culminates with the NC Tech Awards Gala on November 9, 2017 at the Sheraton Imperial Hotel & Convention Center in Durham where hundreds of business, technology and public leaders from across the state will gather to celebrate the tech sector and honor the winners and finalists in each category.

For more details about ChannelAdvisor, visit our blog, follow us on Twitter @ChannelAdvisor, Like us on Facebook and connect with us on LinkedIn.

About ChannelAdvisor
ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped retailers and branded manufacturers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:
Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

SOURCE: channeladvisor

ChannelAdvisor Corporation sponsors Alibaba’s Gateway ‘17

Research Triangle Park, NC, 2017-Jun-19 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that the company is a sponsor and will present at Gateway ‘17, an inaugural conference hosted by Alibaba to help U.S. businesses, brands, entrepreneurs and farmers explore growth opportunities and reach millions of Chinese consumers. Gateway ’17 will take place at the Cobo Center in Detroit, Michigan on June 20 – 21, 2017.

Sean Finnegan, Manager, Client Services at ChannelAdvisor will co-present “Jewel of the East: How a jewelry seller has found success in China” with Jewelry.com, a Berkshire Hathaway Company,  Director of Marketing Jon Azrielant. The session will be presented on Wednesday, June 21 from 12:45 – 1:15 p.m. CT in the Marketplace speaking area. Attendees will hear how Jewelry.com worked with ChannelAdvisor to sell on Tmall Global.“China is already the largest e-commerce market in the world and has continued to grow rapidly.  For many sellers, it’s no longer a question of ‘if,’ but rather, ‘when’ will they start to sell in China,” said David Spitz, ChannelAdvisor CEO. “We’ve partnered with Alibaba for several years now and we’re excited to help sellers explore Alibaba’s global network at Gateway ‘17.”

In addition to the session, ChannelAdvisor will exhibit at Gateway ‘17 at booth 9. To learn more about selling in China visit our blog.

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

Lexos patent lawsuit against ChannelAdvisor’s customer Costco Wholesale dismissed

Research Triangle Park, NC, 2017-May-10 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (May 8, 2017) announced the patent lawsuit filed by Lexos Media IP, LLC (“Lexos”) against ChannelAdvisor’s customer Costco Wholesale Corporation has been dismissed.

After a critical favorable ruling from the court in the Eastern District of Texas in connection with the claim construction process, Lexos dismissed the lawsuit.  The dismissal by Lexos was not tied to any payment or settlement agreement, Lexos simply “walked away” after the court’s ruling.

“As a technology company, we strongly believe in legitimate intellectual property rights. However, it is important to take a stand against entities like Lexos to prevent them from bullying an entire industry with dubious or abusive patent claims,” said David Spitz, CEO.

ABOUT CHANNELADVISOR

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

CONTACT:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor