ChannelAdvisor Corporation Announces its Latest Product Innovations That Equip Retailers with Features, Insights and Functionalities to Help Them Prepare for the Next Era of E-Commerce
Sep 22 15
ChannelAdvisor Corporation announced its latest product innovations that equip retailers with features, insights and functionalities to help them prepare for the next era of e-commerce. The ChannelAdvisor 2015 Autumn Release provides retailers and manufacturers with technology and services needed to evaluate their performance and insights, expand to a broader set of emerging marketplaces, reach more buyers regardless of channel and much more. ChannelAdvisor’s 2015 Autumn Release helps retailers prepare for the next era of e-commerce through: ChannelAdvisor’s ECOMpass Benchmarking is an industry-first suite of customizable dashboards that gives retailers unparalleled insight into how their performance compares with the performance of other retailers and brands. ECOMpass Benchmarking tracks data and examines the listing details from thousands of retailers to produce a view of the e-commerce landscape that’s relevant to a retailer’s product category; and ChannelAdvisor’s Fulfillment by Amazon (FBA) analytics provide retailers with a complete picture of the costs of selling using FBA. Retailers can calculate their total product costs more easily and identify fast-selling SKUs to estimate how long the existing quantity of those products will last and avoid overselling; Access ChannelAdvisor, ChannelAdvisor’s new channel network, allows all manner of e-commerce channels to integrate with the ChannelAdvisor platform. As a result, it gives customers access to more channels at a faster pace than before, including Wish, Bluefly, Choxi, Flubit, Game, Iguama, Mirakl, ricardo.ch and Tanga. The channels that are part of Access ChannelAdvisor have different audiences, different niche segments and different followings around the globe.; ChannelAdvisor is helping retailers expand to France through its integration with Cdiscount, which claims to be the number one e-commerce website in the country. Cdiscount offers a wide selection of merchandise that spans a number of categories, including toys, sporting goods, jewelry, homeware and more. · ChannelAdvisor has expanded its support of Zalando beyond Germany to include Zalando in the United Kingdom, France, Italy and the Netherlands. The fashion marketplace is the large online-only clothing and shoe retailer in Germany, approaching a 10% share of the online fashion market. ChannelAdvisor’s Sponsored Products feature provides Amazon sellers with a central point to sell their products on Amazon’s marketplace as well as promote their offers on Amazon pages through Amazon’s Sponsored Products program. Providing complete visibility into product-level performance along with actionable insights and product-level targeting using ChannelAdvisor's proprietary Smart Select technology, this feature gives Amazon sellers a new way to reach prospective buyers on the highly competitive marketplace.
Channeladvisor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance or the Third Quarter and Full Year 2015
Aug 4 15
Channeladvisor corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported the revenue is $24,182,000, loss from operations is $6,595,000, loss before income taxes is $6,513,000, net loss is $6,524,000 or $0.26 per basic and diluted share, EBITDA is $4,386,000, adjusted EBITDA is $444,000 against the revenue was $20,770,000, loss from operations was $9,511,000, loss before income taxes was $9,555,000, net loss was $9,604,000 or $0.39 per basic and diluted share, EBITDA was $8,190,000, adjusted EBITDA was $6,053,000 a year ago. On non-GAAP basis, net loss was $2,582,000 or $0.10 per basic and diluted share compared to net loss is $7,467,000 or $0.30 per basic and diluted share a year ago.
For the six months, the company reported the revenue is $46,772,000, loss from operations is $15,651,000, loss before income taxes is $15,607,000, net loss is $15,651,000 or $0.62 per basic and diluted share, EBITDA is $11,503,000, adjusted EBITDA is $4,671,000, Purchases of property and equipment is $2,745,000 against the revenue was $40,108,000, loss from operations was $18,791,000, loss before income taxes was $18,893,000, net loss was $18,791,000 or $0.78 per basic and diluted share, EBITDA was $16,139,000, adjusted EBITDA was $13,372,000, Purchases of property and equipment was $5,324,000 a year ago. Cash and cash equivalents used in operating activities is $5,897,000 compared to $14,108,000 a year ago. On non-GAAP basis, net loss was $8,648,000 or $0.35 per basic and diluted share compared to net loss is $16,201,000 or $0.66 per basic and diluted share a year ago.
For the third quarter, the company expects the total revenue between $23.5 million and $24.0 million and adjusted LBITDA between $2.2 million and $1.5 million.
For the full year, the company expects total revenue between $95.5 million and $97.0 million and adjusted LBITDA between $9.0 million and $7.0 million.
ChannelAdvisor Appoints Mark Cook as Chief Financial Officer, Effective September 1, 2015, Succeeding John Baule
Aug 4 15
ChannelAdvisor Corporation announced that it has appointed Mark Cook, Vice President of Finance and Controller at Red Hat Inc. as Chief Financial Officer, effective September 1, 2015. Mr. Cook succeeds John Baule, who has resigned as CFO effective August 31, 2015. Mr. Baule has agreed to serve in an advisory capacity through September 30, 2015 to help ensure a smooth transition. Mr. Cook has served as Vice President, Finance and Controller at Red Hat, a leading global provider of open source software solutions, since 2007 and previously served as Red Hat’s Treasurer. Prior to joining Red Hat, Mr. Cook served in financial leadership positions at a number of manufacturing and textile companies, including Cluett American Corp., Guilford Mills Inc., Worthington Industries Inc., Blount Inc. and RJR Nabisco Inc.