Morrisville – Ecommerce Service Provider ChannelAdvisor Ecom has continued to grow revenue in several sectors over the past year, following the increase in sales over the Kovid-19 online purchase.

“We have maintained excellent performance in Q3, recorded strong growth, revenue and adjusted EBITDA for the quarter,” said David Spitz, CEO of ChannelAdviser, in early Tuesday. ,

This growth is particularly impressive as it has a higher level of e-commerce than last year. The strength of our business is a direct result of the growth investments we are making to enhance our brand strategy and digital transformation.

ChannelAdvisor reported revenue of $ 41.6 million – a record 18 percent increase over the year.

Third-quarter net income reached $ 3.5 million.

The Morrisville-based company said it had a net profit of 11 cents per share. Revenue-adjusted earnings reached 21 cents per share.

The cloud-based service provider generated $ 41.6 million during the period.

And Spitz sees more growth coming.

“We believe that our focus on product innovation, channel expansion, strong sales and revenue retention will give us a good place for sustainable double-digit revenue growth and adjusted EBCDA. [earnings before interest, taxes, depreciation, and amortization] At least a 20% margin in line with the long-term financial goals we set for our analysts recently, ”he said.

ChannelAdvisor said it expects revenue from $ 43.7 million to $ 44.7 million, which ends in December.

ChannelAdvisor reports on the income announcement

  • Continued product innovation ChannelAdvisor recently released an A / B test for product content to help brands identify the best product content and increase their chances of switching to support efforts on Google and Facebook. ChannelAdvisor has also launched a business network, a platform platform for easy access to online channels, engagement, and highly competitive e-commerce landscapes with brands and retailers. ChannelAdvisor has also launched a major new suite of media capabilities to enable self-service customers to build powerful social media campaigns that include a way to shop at selected retailers.
  • Continued channel expansion mourning ChannelAdvisor is expanding its laser-focused global channel to help address the business needs of brands and retailers worldwide. With many new additions recently, ChannelAdvisor now supports more than 200 channels. New Global Integrations CDON, a leading marketplace in the Nordic region, Sweden, Norway, Denmark and Finland; Ball.com in Belgium and the Netherlands; Rakuton in France; And the icon in Australia. For the first time in the United States, the company has supported mergers with Ashley Furniture, Bell, Gemstrop, Lord and Taylor, Orange Theory, and Tangier.
  • Industry leadership; He has been nominated for the Google Premier Partner Award in two categories for successful online marketing campaigns. ChannelAdvisor is recognized as an online sales and accounting team, which features groups that drive online sales during buyers’ discussions and acquisitions and offer advertisers the best digital campaigns.
  • New customers: ChannelAdvisor recently added prominent customers, including Master Lock, Detroit Diesel, Senhaiser, Xiaomi and Natural Balance pet food. ChannelAdvisor has also expanded its reach with clients such as ASICS, Calzedonia and Geox.

Read the full income report online.