Last Wednesday, ChannelAdvisor (NYSE:ECOM) reported their first quarterly earnings results since becoming a publicly traded company. After seeing their share price slide following their IPO, the earnings call provided a much-needed catalyst to send its shares soaring higher.
ChannelAdvisor is a provider of software-as-a-service ("SaaS") solutions that allow retailers and manufacturers to optimize their sales across numerous online channels. For those unfamiliar with ECOM and their business model, please see my previous article: ChannelAdvisor IPO: A Compelling Cloud-Computing Growth Story In The Global E-Commerce Market
ECOM's earnings release can be found here and the transcript from their earnings call can be found here.
Opening the call, CEO and Chairman Scot Wingo took a moment to clear up ...
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