Research Triangle Park’s ChannelAdvisor Corp., a provider of e-commerce solutions, reported third-quarter earnings that exceeded expectations for the third consecutive quarter.

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.

“ChannelAdvisor delivered its third consecutive quarter of exceeding expectations for revenue and adjusted EBITDA,” said CEO David Spitz in a statement. “Our third quarter top-line results were driven by continued strength in GMV, improved revenue retention and increased strategic partnership revenue, which, when combined with our efforts to control our expenses, led to adjusted EBITDA out-performance as well.”

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.

The release can be found here.