MORRISVILLE — ChannelAdvisor Corp. (NYSE: ECOM), a provider of e-commerce solutions, heads into the holiday shopping season with momentum of positive news on the financial front.

“Our Q3 top line performance was driven by continued strength in [gross merchandise value], along with improved revenue retention and increased strategic partner revenue, areas on which I have personally focused this year,” ChannelAdvisor CEO David Spitz told Wall Street analysts in a conference call.

“This revenue outperformance, combined with solid expense management, yielded significantly higher adjusted EBITDA  [earnings before interest, taxes and amortization] than expected, reflecting good progress against our dual strategy of continuing to invest in top line growth, along with margin improvement. I’m also pleased to report a $3.3 million improvement in operating cash flow year-to-date through Q3 compared to the same period last year.

“All of our product lines contributed to revenue growth in the quarter. Our flagship Marketplace platform grew 5% excluding strategic partner revenue, consistent with the second quarter. We’re not satisfied with consistency on this score, however, and believe we can do better given our leadership in the market, and this remains an area of focus for us.”

The company reported on Thursday third-quarter earnings that exceeded expectations for the third consecutive quarter.

ChannelAdvisor’s earnings of 3 cents a share beat Zacks Consensus Estimate of a loss of 3 cents and was a 7-cent per share improvement year-over-year, Zacks reported.

Ending Sept. 30, 2018, the company’s third-quarter revenue was $32.3 million, showing a 7.4 percent increase from last year’s third quarter. This exceeds the company’s expectation by nearly 3 percent.

Net loss for the company was $2.3 million, or 8 cents per share, compared to a net loss of $4.1 million a year ago, or 15 cents per share, for the third quarter of the previous year.

Adjusted EBITDA was $2.3 million for third quarter 2018, increasing by $1.9 million from the previous year. The third quarter reported EBITDA surpasses the company’s expectations of between $500,000 and $900,000.

The company closed at $11.10 per share Monday, down 16 cents, or 1.42 percent.

ChannelAdvisor is a provider of cloud-based e-commerce solutions that works to increase sales worldwide for companies and brands including Clarks, KitchenAid, Timex, Target and more.