Btrs Holdings Inc Stock Price, News & Analysis

BTRS Holdings reported strong financial results for Q2 2021, with total revenue increasing 16.3% year-over-year to $40.2 million. Software and payments segment revenue surged 27% to $24.6 million. Gross profit, excluding depreciation and amortization, rose 23.4% to $22.2 million with a gross margin expansion to 55.3%. Total Payment Volume (TPV) also saw impressive growth, up 47% to $18.8 billion. The company raised its full-year guidance, projecting total revenue between $163 million and $167 million, reflecting continued momentum in its payments business.

BTRS Holdings, known as Billtrust (NASDAQ: BTRS), announced that President Steve Pinado will participate in a fireside chat at the KeyBanc Technology Leadership Forum on August 12, 2021, at 1:20 PM ET. The event will highlight Billtrust's role as a leader in B2B accounts receivable automation and integrated payment solutions. A live webcast and replay will be accessible through the Company’s investor relations website. Billtrust aims to transform outdated AR processes with its cloud-based software, enhancing automation and efficiency in B2B transactions.

Billtrust (NASDAQ:BTRS) has launched its new Global Partner Program to enhance resources and support for partners in the financial ecosystem. Led by Gwenn Lazar, the program aims to accelerate digital transformation and improve customer experiences. Currently, 53 companies are participating, with benefits like access to an intuitive portal, co-branded assets, tailored training, dedicated support teams, and quarterly webinars. Billtrust emphasizes its commitment to partner success, having doubled its team in six months and continued investment in its channel strategy.

BTRS Holdings Inc. (NASDAQ: BTRS) will announce its second quarter 2021 financial results during a conference call on August 11, 2021, at 5:30 PM ET. The call will be hosted by CEO Flint Lane and CFO Mark Shifke. Interested parties can access the call via webcast on the company's investor relations website, or through a phone dial-in. A replay will be available shortly after the call. Billtrust specializes in cloud-based software and integrated payment solutions, aiming to revolutionize inefficient B2B accounts receivable processes.

Billtrust (NASDAQ: BTRS) announces an expanded partnership with KONE Inc., a leader in the elevator sector, to utilize its Invoicing platform and Business Payments Network in Canada. This collaboration aims to enhance electronic invoicing and streamline digital payments, leveraging Billtrust's success in the U.S. market. Billtrust, recognized with the 2020 IDC SaaS Accounts Receivable Award, will aid KONE in reducing paper check usage and adopting best practices in integrated payments. The partnership is seen as a significant step in their digital transformation journey.

Billtrust (NASDAQ: BTRS) has published an extensive research study on the U.S. accounts receivable (AR) industry, revealing a disconnect between AR practitioners' perceptions and the actual modernization of their processes. Despite 86% of respondents feeling their AR departments are modernized, over 40% lack self-service capabilities and 60% find their systems frustrating. The study emphasizes the need for improvements in efficiency and integration, highlighting challenges like reliance on outdated methods and insufficient digital transactions. A white paper detailing the findings is available on Billtrust's website.

BTRS Holdings Inc. (Nasdaq: BTRS) announced a secondary offering of 9,000,000 shares of its Class 1 common stock at $12.25 per share, generating expected gross proceeds of $110.25 million. The offering is solely by existing shareholders, with no proceeds going to the company. An additional 1,350,000 shares may be purchased by underwriters within 30 days. The offering is expected to close by July 6, 2021, pending customary conditions. This move reflects shareholder liquidity rather than direct company capital inflow.

BTRS Holdings Inc. (Nasdaq: BTRS) announced a secondary offering of 9,000,000 shares of its Class 1 common stock, exclusively from existing shareholders. BTRS will not receive any proceeds from this offering. An additional option for underwriters to purchase up to 1,350,000 shares is available. The offering is subject to market conditions and will be facilitated by Citigroup, J.P. Morgan, BofA Securities, and William Blair. A registration statement was filed with the SEC on June 28, 2021, and is pending effectiveness.

BTRS Holdings Inc. will join the Russell 2000® Index effective June 28, 2021, enhancing its visibility to a diverse group of investors.

This addition signifies recognition of Billtrust's leadership in B2B accounts receivable automation and integrated payments. CEO Flint Lane expressed pride in this milestone, highlighting the Company's end-to-end solutions for the order-to-cash process. As part of the Russell indexes, Billtrust will also feature in growth and value indexes, which collectively benchmark over $10.6 trillion in assets.