channeladvisor corp (ECOM) Key Developments
ChannelAdvisor Adds Support for Amazon Business
Jun 18 15
ChannelAdvisor announced its support of Amazon Business.
ChannelAdvisor Corporation Enhances its Support for Google’s Shopping Campaigns
Jun 2 15
ChannelAdvisor Corporation announced new features to enhance its support for Google’s Shopping campaigns. The new features include the ability to test the performance of product images in Product Listing Ads (PLAs), as well as an improved dashboard for better managing Shopping campaigns in the ChannelAdvisor platform. ChannelAdvisor experts are available at booth 501 at the Internet Retailer Conference & Exhibition, taking place June 2 through June 5, to discuss these added features and how retailers can improve their Shopping campaigns. ChannelAdvisor’s 2015 Spring Release introduced unified, retail-centric support for Google’s Shopping campaigns, titled the,4C’s of Google Shopping.' The 4C’s support each component of retailers’ Shopping campaigns: Content: ChannelAdvisor’s feed-management capabilities help retailers optimize their Google Shopping content to increase return on ad spend. Campaign Structure: The ChannelAdvisor Product Group Generator automatically configures retailers’ Shopping campaign structures so they can manage multiple campaigns from one user interface. Correct Bidding: The ChannelAdvisor Automated Bid Manager helps retailers assign bids to the correct product so each bid aligns with their revenue goals. Cross-Channel Analytics: ChannelAdvisor’s Actionable Reporting feature improves retailers’ multichannel strategies by tracking how their Shopping campaigns influence sales on other channels, such as Amazon and other marketplaces, paid search text ads, social sites and more.
ChannelAdvisor Corporation Announces Management Changes
May 4 15
On April 28, 2015, the board of directors of ChannelAdvisor Corporation appointed David J. Spitz as the Chief Executive Officer, effective May 4, 2015. Mr. Spitz will serve as the company's principal executive officer. On April 28, 2015, the Board also approved an increase in the size of the Board from six to seven members and appointed Mr. Spitz as a director to fill the vacancy created by the increase, with such appointment effective concurrently with his appointment as Chief Executive Officer. Mr. Spitz will serve in the class of directors whose term will expire at the 2016 annual meeting of stockholders. On April 28, 2015, M. Scot Wingo resigned as the Chief Executive Officer of the company, effective as of the effective time of the appointment of Mr. Spitz as Chief Executive Officer. On April 28, 2015, the Board appointed Mr. Wingo as the Executive Chairman of the company, effective as of May 4, 2015.
ChannelAdvisor Corporation Reports Unaudited Consolidated Financial Results for the Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
May 4 15
ChannelAdvisor Corporation reported unaudited consolidated financial results for the quarter ended March 31, 2015. For the quarter, the company reported total revenue of $22.6 million, increased 17% compared with total revenue of $19.3 million for the first quarter of 2014. Net loss was $9.0 million compared with $9.4 million in the first quarter of 2014. Net loss per basic and diluted share was $0.36 compared with $0.39 a year ago. Non-GAAP net loss was $6.1 million compared with $8.7 million for the first quarter of 2014. Non-GAAP net loss per share was $0.24 compared with 0.36 for the first quarter of 2014. Adjusted LBITDA was $4.2 million compared with $7.3 million for the first quarter of 2014. Loss from operations was $9.056 million against $9.280 million a year ago. Loss before income taxes was $9.094 million against $9.338 million a year ago. Cash and cash equivalents used in operating activities was $4.155 million against $6.468 million a year ago.
For the second quarter of 2015, the company expects total revenue between $21.4 million and $21.8 million and adjusted LBITDA between $6.0 million and $5.0 million.
For the full year 2015, the company reported total revenue between $94.0 million and $97.0 million, adjusted LBITDA between $16.0 million and $13.0 million.
ChannelAdvisor Corporation Manages Services Team to Enhance its Digital Marketing Strategy
Apr 21 15
ChannelAdvisor Corporation announced that SHOP.COM, Market America Inc.’s is using ChannelAdvisor Managed Services to enhance its digital marketing strategy.