EverCommerce Inc. reports developments for a service commerce software platform serving small and medium-sized businesses in home services, health services, and wellness services. Its EverPro, EverHealth, and EverWell brands provide vertically tailored SaaS, AI-driven workflows, business management software, embedded payment acceptance, marketing technology, and customer experience applications.
Recurring company news includes quarterly financial results and guidance, subscription and transaction fee trends, Adjusted EBITDA commentary, share repurchase authorization updates, product launches such as EverHealth Scribe within DrChrono, strategic AI partnerships, investor conference appearances, and portfolio changes involving service-industry marketing capabilities.
EverCommerce (NASDAQ: EVCM), a SaaS solutions provider for service SMBs, has successfully refinanced and extended its credit facilities. The company refinanced its $529.4 million term loan facility with new Term B-2 Loans, extending maturity to July 6, 2031, while reducing the interest rate by 25 basis points to SOFR plus 2.25%.
Additionally, for the $125 million revolving credit commitments, the maturity was extended to July 29, 2030, with interest reduced by 25 basis points to SOFR plus 2.00%. The refinancing is expected to reduce annual cash interest expense by approximately $1.3 million.
EverCommerce (NASDAQ: EVCM), a leading SaaS solutions provider for service SMBs, has scheduled its second quarter 2025 earnings conference call for August 6, 2025 at 5:00 p.m. ET / 3:00 p.m. MT.
The company will release its Q2 2025 financial results after market close on the same day. Investors can access both the live call and replay through the company's investor relations website at investors.evercommerce.com.
EverCommerce (Nasdaq: EVCM), a leading SaaS solutions provider for service SMBs, has appointed Amy Guggenheim Shenkan to its Board of Directors. Shenkan brings extensive board experience from companies like RingCentral, Pickles Auctions, Zuora, and RB Global, Inc. She will serve on the Company's Audit Committee.
Shenkan's background includes leadership roles at Wells Fargo, Travelocity, Common Sense Media, and McKinsey & Company, with expertise in innovation and digital transformation. CEO Eric Remer highlighted her experience in leveraging technology for growth and transformation, particularly noting the company's focus on AI implementation to enhance customer-facing software and operational efficiency.
EverCommerce (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, has scheduled its first quarter 2025 earnings announcement. The company will release its financial results after U.S. market close on Thursday, May 8, 2025.
Management will conduct a conference call the same day at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) to discuss financial performance and provide business updates. Investors can access both the telephonic and webcast versions of the call through the company's investor relations website, where a replay will also be available.
EverCommerce (NASDAQ: EVCM) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenue reached $175.0 million, up 3.3% year-over-year, while pro forma revenue excluding fitness solutions increased 7.0%. Subscription and transaction fee revenue grew 4.2% to $139.0 million.
The company reported a Q4 net loss of $12.2 million ($0.07 per share), an improvement from the $23.3 million loss in Q4 2023. Adjusted EBITDA increased to $50.4 million from $43.1 million year-over-year.
During Q4, EVCM repurchased 0.6 million shares for approximately $7.0 million, with $32.7 million remaining in the repurchase program. The company announced plans to evaluate strategic alternatives for its marketing technology solutions, expecting a sale within 12 months. For 2025, EVCM projects revenue of $581-601 million and Adjusted EBITDA of $167.5-175.5 million from continuing operations.
EverCommerce (NASDAQ: EVCM) announced it is exploring strategic alternatives for its Marketing Technology solutions division, with expectations of a sale in 2025. The company initiated this process in late 2024 as part of its transformation strategy.
The decision aligns with EverCommerce's refined focus on vertical SaaS software with embedded payments, which management believes will optimize long-term growth and margin accretion. The Marketing Technology division, currently led by Tim Gill, provides lead generation and digital agency capabilities to service-based small businesses.
The company's upcoming Q4 2024 earnings guidance, scheduled for March 13, 2025, will exclude Marketing Technology operations. EverCommerce has engaged external financial advisors for the strategic review process and will limit further public comments until the review concludes or required disclosures arise.
EverCommerce (NASDAQ: EVCM) announced its upcoming participation in the Citizens JMP Technology Conference in San Francisco. EverHealth CEO Evan Berlin and SVP & Head of IR Brad Korch will deliver a presentation on March 3, 2025, at 11:30 a.m. PST. The presentation will be accessible via live webcast through the company's Investor Relations website section at investors.evercommerce.com.
EverCommerce (NASDAQ: EVCM), a leading SaaS solutions provider for service SMBs, has scheduled its fourth quarter 2024 earnings release and conference call for March 13, 2025. The financial results will be released after U.S. market close, followed by a conference call at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time. During the call, management will discuss financial results and provide a business update. Investors can access both telephonic and webcast options through the company's investor relations website, where a replay will also be available.
EverCommerce (NASDAQ: EVCM) has appointed Evan Berlin as the leader of its EverHealth healthcare vertical. Berlin, who has been with the company for 17 years, transitions from his role as Chief Operating Officer, which he held since March 2023. His extensive experience includes being an early employee of EverCommerce's predecessor PaySimple and leading the company's acquisition and integration strategy when EverCommerce was incorporated in 2016.
The appointment is part of EverCommerce's transformation initiative focusing on investing in high-growth potential verticals. The company will not backfill the Chief Operating Officer position. Berlin's appointment, along with Josh McCarter's leadership of EverPro and additional key leadership roles in these verticals, marks significant progress in the company's transformation phase.