For the year ended Dec. 31, 2012, the company has reported a 23 percent rise in total revenue, to USD 53.59 million, up from USD43.57 million a year earlier, as its net loss widened to USD 4.93 million from USD 3.86 million. Contributing to its net loss was a 24 percent increase in operating expenses to USD 42.69 million in 2012, from USD 34.50 million in 2011. That increase included a 27 percent rise in sales and marketing expenses, to USD 24.33 million from USD 19.11 million and a 14 percent rise in research and development costs, to USD 10.11 million.
According to its filing with the Securities and Exchange Commission, ChannelAdvisor has more than 1,900 clients worldwide, including retail chains, online retailers, brand manufacturers and advertising agencies that use its technology on behalf of their retailer clients.
ChannelAdvisor is a software as a service (SaaS) provider which enables retailers to sell more online across multiple channels through a single interface. ChannelAdvisor’s e-commerce platform supports marketplaces such as Amazon, eBay, Newegg, Sears and Trade Me. The company’s software allows retailers and manufacturers to automate, optimise and analyze online marketing activities from one central dashboard.
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