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    Chris Chang

    Research Analyst at UBS

    Chris Chang is an Executive Director and Equity Research Analyst at UBS, focusing on technology sector coverage including companies such as Apple, Microsoft, and Alphabet. He is recognized for his in-depth analysis and consistently high-performing stock recommendations, maintaining a success rate of over 65% and ranking in the top quartile of Wall Street research analysts on investment platforms. Chang began his finance career at Goldman Sachs in 2011 before joining UBS as an analyst in 2016, steadily advancing to his current leadership role. He holds FINRA Series 7, 63, and 86/87 certifications, distinguishing himself through industry expertise and client-focused research.

    Chris Chang's questions to BIGC leadership

    Chris Chang's questions to BIGC leadership • Q3 2024

    Question

    Asked for a timeline to achieve the Rule of 40 framework and for details on the financial impact of the recent restructuring, including any anticipated future costs.

    Answer

    The company cannot provide a definitive timeline for reaching the Rule of 40 but is committed to it, viewing 2025 as a transition year with strong profit and cash flow but moderated revenue growth. The recent restructuring resulted in a $9.9M charge in Q3, and an additional $3-5M in non-headcount-related restructuring costs (e.g., software contracts, real estate) are expected in 2025.

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