Market Capitalization (Millions $) |
8 |
Shares
Outstanding (Millions) |
0 |
Employees |
4,700 |
Revenues (TTM) (Millions $) |
1,388 |
Net Income (TTM) (Millions $) |
-425 |
Cash Flow (TTM) (Millions $) |
-207 |
Capital Exp. (TTM) (Millions $) |
2 |
Wix Com Ltd
We are the most popular cloud-based web development platform in the world, with millions of registered users and producers. We were created on the conviction that the Internet should be available to all people and that businesses and organizations should be able to take their enterprises, brands, and workflows online in order to develop and maintain a fully integrated and dynamic digital presence. Were breaking new ground in online creation and administration by offering a comprehensive and powerful cloud-based platform of goods and services. We use a freemium SaaS business model (free and premium services) to deliver our products.
Our platform includes three web creation products, each with a different purpose or primary audience: Wix ADI, which is designed for quick website creation, Wix Editor, which is designed for full website creation and is targeted at users with basic, average, or above average technological skills, and Editor X, which is designed for advanced users such as designers.
Users may design a full, customizable website suited to their individual needs in minutes with Wix ADI. Wix ADI combines appropriate design and content with some basic information from a user about his or her business name and kind to produce algorithms that ensure every website designed with Wix ADI is attractive and complete. Users can opt out if they want to.
Businesses, organizations, and professionals in a range of industries, such as art, finance, entertainment, music, photography, tourism, beauty, sports, food services, property management, and publishing, acquire our premium memberships. Premium memberships can also be acquired by creators, such as our partners, who are hired by their clients to create online content in some situations. Customers that subscribe to our premium memberships are not focused in any one sector.
Premium membership options are available in two tiers: I Website and (ii) Business & e-Commerce (which includes the ability to accept online payments). For Editor X, we also have various tiers of premium membership subscriptions.
Our premium subscriptions offer all of the features of our creation products, Velo and our other complementary products and services. Premium subscriptions also include the ability to connect a custom domain name, which can be purchased and managed directly through the Wix platform or a third party, the removal of Wix branded ads on the site and some subscription levels provide the option to obtain custom reports generated through Wix Analytics. Our VIP premium subscriptions also offer premium technical support services. We also offer ad vouchers with certain of our premium subscriptions, which allow registered users to expand their digital presence by, for example, advertising their pages on third-party sites, such as Bing and Google.
Payments by Wix
Payments by Wix enables our users to accept payments for goods and services both online and offline (through point of sale, ('POS')) from their customers, either from third-party payment processors or from Wix Payments, our proprietary fully integrated payments service. Users can select one or more payment methods available to appear on their checkout page, depending on their geographic location and type of goods and services they offer. Users must purchase a Premium Subscription to accept online payments.
In 2018, we introduced Wix Payments which allows users to set up and accept payments, in an automated and instant onboarding process made entirely within the Wix platform. Wix Payments also includes a dashboard to view history of online transactions, from sales to payouts, in a single place, solving a significant challenge with doing business online. Many types of businesses, including e-commerce retailers, service providers, musicians, photographers, hotels, restaurants, and many more are able to take advantage of the efficiency provided by Wix Payments. Wix Payments is currently active in Brazil, the U.S. and several European countries and is intended to be expanded to additional countries.
Ascend by Wix Subscriptions
Ascend by Wix is a suite of approximately 20 products and features, based on a freemium subscription model, which enable users to easily connect with their customers, automate their work, and grow their business. Ascend by Wix is an inbox and chat-centric product that allows users to discover tools that they might not be aware of or know they need to be successful online including chat, contact manager, automations, email marketing, Wix SEO Wiz, social posts and many more.
Users can purchase Ascend by Wix on a monthly, yearly, or multi-year subscription basis, and can choose between various price points based on the number of contributors, lead-capture forms, customizable forms, and email'campaigns-per-month required.
Paid Ad Campaigns
A marketing tool that allows businesses to run dynamic online ad campaigns that reach customers they want to target on online ad platforms such as Facebook.
Wix Logo Maker
Wix Logo Maker generates a customizable, high-resolution logo in minutes using artificial intelligence, providing users with a critical piece for building an online brand. Through Wix Logo Maker, users can design a stunning logo, get downloadable professional vector files in a variety of sizes and color formats, custom design and order business cards with their customized business logo, and build a website based on the styles and colors of their customized business logo.
Wix Answers
Wix Answers is the platform that serves as the support infrastructure for our Customer Care team. We began offering this platform as a standalone product to Wix users and other businesses, enabling them to help their users across multiple channels. Wix Answers can be customized to various types of businesses with an intuitive set-up and offers a customer support infrastructure which includes a knowledge base, ticketing system, chat, and call center, each of which can be purchased separately or as a bundle. It also offers integration with other platforms, actionable insights, and an embeddable widget that can be used with any website.
Domains
We offer our users the ability to choose and connect their own domain name to their website to better enhance their brand, through third parties that offer domain names, or through our offering as an ICANN accredited domain name registrar. Domain names are offered as a stand-alone product, and also are included as part of our premium subscription offerings. Registered users without a premium subscription are assigned a domain name which includes the Wix site address.
Mailbox
We sell Google's Google Workspace application as an integrated solution, which allows our users to create a personalized Gmail email address using their domain name, to enable them to send professional emails from their business address, create group mailing lists for sales, support, email marketing and more.
Wix POS
As part of our extended commerce offering, in 2021, we introduced Wix POS, an end-to-end omnichannel solution unifying online and offline sales directly from the Wix platform. With Wix POS, customers who have an online store and a physical shop are able to manage their business easily while having a single product catalog, one inventory channel and a unified sales history.
We offer a robust and comprehensive commerce platform for all types of business owners. As each business segment faces a unique set of challenges, we developed a commerce platform on top of which we offer tailored products and solutions to address specific business needs. This strategy allows us to build on this solid foundation by adding more layers and enhancements that cater to the specific needs of each industry and provides an easy and affordable way for these businesses to bring mission critical workflow online. Current vertical solutions are Wix Stores, Wix Bookings, Wix Restaurants, Wix Events, Wix Fitness, Wix Hotels, Wix Music, Wix Photography, Wix Video, Wix Blog, and Wix Forum. We intend to continue introducing additional solutions, once we are able to identify a need for such solutions, that are tailored to specific businesses.
Wix Stores
Wix Stores is our e-commerce solution that allows our users to create, design and manage an online store to sell their physical or digital products online and accept payments using an integrated shopping cart application, which is already included in the subscription. Wix Stores users can tailor the style of the online store to their business, and can accept payment from their users for products or services they offer through a variety of integrated payment solutions we offer, such as wallets, credit cards, and through other types of offline payments such as cash on delivery. We also provide users with the ability to manage inventory, provide coupons, set shipping and tax rules, sell through multiple channels including social media and marketplaces, and utilize dropshipping. Additionally, users can manage their online store on the go by using the Wix Owner App on a mobile device. Wix Bookings
Wix Bookings is an end-to-end online booking solution, giving businesses an easy and effective way to showcase their services and allow online scheduling of appointments, classes and courses, as well as manage their own schedule by synchronizing with their primary Google Calendar, reducing no-shows by sending auto-reminder emails to customers, selling membership and packages, and customizing products.
Wix Restaurants
Wix Restaurants provides various solutions for restauranteurs, including Wix Restaurants Menus, Wix Restaurants Orders and Wix Restaurants Reservations. Wix Restaurants Menus enables restauranteurs to easily create a menu on their Wix website, using professionally created layouts offered on our site. Wix Restaurants Orders is an online ordering solution for restauranteurs enabling them to receive takeout and delivery orders through their desktop and mobile Wix websites and to consequently grow their business and maintain a direct relationship with their customers. Wix Restaurants Reservations allows restaurant owners to take online table reservations from their restaurant site and confirm and manage reservations via their Wix dashboard. Restaurant owners can also use the Dine by Wix mobile app to allow customers to easily interact with the restaurant and order food directly from a mobile device.
Wix Events
Wix Events is an application which enables users to create and manage their events on both desktop and mobile, send invites, collect RSVPs, sell tickets and manage a guest list. Wix Events can be used for conferences, meetups, concerts, shows, weddings, parties, and more, and in 2020 we introduced a third-party integration for virtual events. Users can use Wix Events to promote their events on social media. We charge a commission from our Wix Events users on a portion of online sales of tickets sold through Wix Events.
Wix Fitness
Wix Fitness enables fitness instructors and studio owners to manage each aspect of their businesses from their website and the Fit by Wix App. Fitness professionals can create a website using newly designed templates and customize the Fit by Wix App, manage their calendars and classes, connect with their community, stream and sell videos, take payments and develop reports and analytics to help grow their business. Wix Fitness offers bookings, subscriptions, e-commerce including coupons, SEO and email marketing, as well as a chat-centric interface that allows for real-time interactions with customers.
Wix Hotels
Wix Hotels offers a complete booking engine that is fully integrated into a Wix website for hotels, B&Bs and vacation rentals, making it simple to build and maintain the room inventory complete with pricing, booking, reservation and payment management capabilities. Through their dashboards, hotel owners can easily add reservations made elsewhere and manage their entire room inventory in one place and accept and manage bookings that come through many online travel agencies and marketplaces.
Wix Music
Wix Music is a complete solution for musicians and entertainers that includes an advanced music player, an easy-to-use digital asset management system, concert promotion and ticketing, fan management and communication tools and a range of specifically designed music website templates.
Wix Photography
Wix Photography is a comprehensive solution for photographers looking to create their portfolio and manage their business online, from both desktop and mobile. Our dedicated solution includes multiple templates custom designed for photographers and dozens of gallery layout options, including specific features relevant for professional photographers and other visual artists, such as the ability to determine image resolution, load videos, share their portfolio on social media, sell digital or printed artwork and more. In addition to a dedicated portfolio site to showcase their art, Wix offers photographers and other visual artists relevant and widely used tools, such as the Wix Photo Albums app that enables event photographers to easily create an album site for their clients and enhance their exposure to potential clients, and Wix Art Store that allows artists to sell their art online to their customers.
Wix Video
Wix Video allows our users to showcase, promote and sell videos on their Wix website. Users can create their own video channels, upload and stream videos in the highest quality, or easily add videos from YouTube, Vimeo and Facebook. Wix Video allows users to live stream and charge access for live events from desktop and mobile. Additional features include selling video downloads, customizable interactive cards placed on top of the videos, automatic sites for vloggers via Wix ADI and direct syndication of videos to YouTube and Facebook.
Wix Blog
Wix Blog enables users to easily create a blog and grow an online community. Users can choose from several beautiful layouts with built-in social features. Readers can join the blog, create member profiles, follow posts, and comment with images and videos. In addition, users have the option to set up a paywall and charge for access to select content.
Wix Forum
Wix Forum enables users to create an online community directly on their Wix site. The Wix Forum users of users can become members, join conversations, follow posts, upload videos, write comments and more. Users can choose from a variety of layouts and customize them to their needs. In addition, users have the option to set up a paywall and charge for access to select content.
Company Address: 5 Yunitsman St. Tel Aviv, 6936025
Company Phone Number: 545-4900 Stock Exchange / Ticker: NASDAQ WIX
WIX is expected to report next financial results on March 29, 2024. |
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