Commerce.com: Fourth Quarter Earnings Overview

Commerce.com, Inc. Reports Fourth Quarter Financial Results

Commerce.com, Inc., headquartered in Austin, Texas, announced on Thursday that it recorded a net loss of $8.4 million for the fourth quarter.

The company reported a loss of $0.10 per share. After adjusting for expenses related to restructuring and stock-based compensation, earnings stood at $0.07 per share.

These adjusted earnings matched the consensus forecast from four analysts polled by Zacks Investment Research, who also anticipated $0.07 per share.

During the quarter, Commerce.com generated $89.5 million in revenue, which was slightly below the $90.6 million predicted by three Zacks analysts.

Looking at the full year, the company posted a total loss of $19.3 million, or $0.24 per share, with annual revenue reaching $342.3 million.

For the upcoming quarter ending in March, Commerce.com projects revenue between $82.5 million and $83.5 million.

The company’s outlook for the entire year places expected revenue in the range of $347.5 million to $369.5 million.

This article was created by Automated Insights using financial data provided by Zacks Investment Research.