Btrs Holdings Inc Stock Price, News & Analysis

Billtrust (NASDAQ: BTRS) has released its 2022-23 Gen Z and Digital Payments Study, revealing significant shifts in payment behaviors among this demographic. Key findings show that 36% of Gen Z have not used paper checks in six months, with 93% using P2P platforms regularly. The adoption of Buy Now, Pay Later (BNPL) is also notable, with 48% having utilized it recently. Security is prioritized over speed in payment preferences. These insights suggest a growing digital transformation in B2B payments influenced by Gen Z’s preferences.

BTRS Holdings (NASDAQ-BTRS) has announced a special shareholder meeting on December 13, 2022, to vote on the merger agreement with EQT Private Equity. This follows a proposed acquisition valued at approximately $1.7 billion, with shareholders set to receive $9.50 per share in cash, reflecting a premium of over 64% from the closing price on September 27, 2022. The transaction is expected to close in Q4 2022, pending approval from shareholders and regulatory bodies. Following the completion, Billtrust will become a private company.

BTRS Holdings Inc. (NASDAQ: BTRS) reported a strong performance for Q3 2022, achieving total revenue of $51.4 million, a 24.2% increase from $41.4 million in Q3 2021. The software and payments segment revenue grew by 35.2% year-over-year to $35.2 million. Despite this growth, the company posted a net loss of $21.2 million, worsening from $11.2 million in the previous year. Key metrics include a total payment volume increase of 34.9% to $28.3 billion and an adjusted gross margin rise to 74.9%. Billtrust ended the quarter with $145.9 million in cash and no debt.

BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, will release its third quarter 2022 financial results on November 9, 2022. Due to a pending transaction with EQT Private Equity announced on September 28, 2022, the company will cease quarterly earnings conference calls but continue releasing financial results and filing with the SEC. This transaction is expected to significantly impact the company's operations and future financial performance. For further details, refer to the company's SEC filings.

Billtrust (NASDAQ: BTRS) announced a partnership with US LBM, the largest privately owned distributor of specialty building materials in the U.S. US LBM will implement Billtrust's accounts receivable platform across its 56 divisions to streamline cash flow and enhance the order-to-cash process. This collaboration will enable over 400 US LBM locations to offer B2B buyers more digital payment options.

Billtrust aims to support US LBM's growth strategy, emphasizing improved operational efficiency and electronic invoicing capabilities.

Billtrust (NASDAQ: BTRS) recently launched its inaugural Billtrust for Better Day, a global volunteering initiative where employees from five countries dedicated over 500 hours to support 21 community causes between September 16 and September 23, 2022. Activities included reading to children, food bank assistance, and environmental cleanups. According to CEO Flint Lane, this initiative reflects the company's commitment to philanthropy and community engagement, enhancing its social responsibility profile.

BTRS Holdings Inc. (NASDAQ: BTRS) announced an acquisition agreement with EQT X fund, valuing Billtrust at approximately $1.7 billion. Shareholders will receive $9.50 per share, a premium of over 64% from the closing price on September 27, 2022. The transaction aims to enhance Billtrust's operational efficiency in B2B accounts receivable, expected to close in Q1 2023, pending shareholder and regulatory approvals. This partnership promises increased resources and flexibility for innovation in finance operations.

Billtrust (NASDAQ: BTRS) has released findings from a study on B2B eCommerce adoption, highlighting significant changes in buying and selling dynamics due to the pandemic and a younger workforce. Key data shows 80% of buyers frequently purchase online, with 88% of suppliers adopting eCommerce solutions. Notably, 41% of buyers reported profit increases of 25-49%. The report outlines that integrating consumer-like experiences can enhance supplier relationships, while gaps exist in expectations between buyers and suppliers. The full study is detailed in a new white paper.

Billtrust (NASDAQ: BTRS) appoints Marco Eeman as Managing Director for its European operations, focusing on revenue growth and customer satisfaction. Eeman, formerly with Order2Cash, will lead efforts to enhance efficiency in accounts receivable processes across Europe. Billtrust currently serves over 750 clients in the region and offers a Business Payments Network with connections to more than 70 B2B/B2G networks for secure e-invoicing. Steve Pinado, Billtrust President, expressed confidence in Eeman's leadership and expertise.