ChannelAdvisor Announces Second Quarter 2018 Financial Results
ChannelAdvisor Corporation (ECOM)
Last channeladvisor corporation earnings: 2/12 06:45 am
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ir.channeladvisor.com
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Source: GlobeNewswire
Revenue of $32.7 million increases 9 percent year-over-year and exceeds guidance GAAP net loss of $(2.8) million Adjusted EBITDA of $1.1 million exceeds guidance RESEARCH TRIANGLE PARK, N.C., Aug. 09, 2018 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and brands to increase global sales, today announced its financial results for the quarter ended June 30, 2018. "We were pleased with our results in the second quarter. We enjoyed continued momentum from expanding strategic partnerships, and improved efficiency allowed us to deliver margin improvement faster than anticipated. Continued strength in GMV makes us optimistic about our outlook for the remainder of the year," said David Spitz, CEO of ChannelAdvisor. Second Quarter 2018 Financial Results Total revenue was $32.7 million for the second quarter of 2018, an increase of 9 percent compared with total revenue of $30.0 million for the se
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