Welcome to our dedicated page for Evercommerce news (Ticker: EVCM), a resource for investors and traders seeking the latest updates and insights on Evercommerce stock.
EverCommerce Inc. (NASDAQ: EVCM) is described as a service commerce platform and a provider of vertically tailored, integrated SaaS solutions for service-based small- and medium-sized businesses. The EVCM news page on Stock Titan aggregates company announcements, press releases, and other coverage so readers can follow how EverCommerce communicates its strategy and performance over time.
News about EverCommerce frequently includes quarterly financial results, which the company furnishes in press releases and related Form 8-K filings. These updates typically discuss revenue from continuing operations, subscription and transaction fees revenue, net income or loss from continuing operations, and Adjusted EBITDA, along with commentary on cost optimization efforts and transformation initiatives.
Investors can also find capital markets and balance sheet updates, such as announcements about share repurchase authorizations and activity and changes to the company’s credit facilities. For example, EverCommerce has reported repricing and extending the maturities of its term loan and revolving credit facilities through amendments to its credit agreement.
Strategic and operational developments are another recurring theme in EVCM news. The company has announced the acquisition of ZyraTalk, an AI-powered customer engagement solution, describing it as a way to expand and accelerate AI capabilities across its SaaS solutions. EverCommerce has also disclosed the sale of its Marketing Technology solutions, collectively known as EverConnect, to Ignite Visibility as part of its transformation and optimization program.
In addition, EverCommerce issues releases about investor conference participation, earnings call schedules, and events within its verticals, such as activities in the EverPro division for home and field services. Readers who follow EVCM news can track how the company describes its progress in Home, Health, and Wellness service industries, its use of AI, and its financial and capital allocation decisions.
EverCommerce (NASDAQ: EVCM) reported strong Q2 2024 financial results, with revenue of $177.4 million, up 4.3% year-over-year. Subscription and transaction fee revenue increased 5.2% to $137.0 million. The company posted a net loss of $3.4 million, or $(0.02) per share. Adjusted EBITDA rose to $41.2 million.
EverCommerce repurchased 2.5 million shares for $24.1 million during Q2, with $54.0 million remaining in the repurchase program. The company provided guidance for Q3 2024, expecting revenue between $172-$176 million and Adjusted EBITDA of $39-$42 million. For full-year 2024, revenue is projected at $676-$696 million with Adjusted EBITDA of $167-$176 million.
EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, has announced the date for its second quarter 2024 earnings call. The company will report its financial results on Tuesday, August 6, 2024, after the U.S. financial markets close. Management will host a conference call on the same day at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the results and provide a business update.
Investors can access both telephonic and webcast options for the call through the company's Investor Relations page. A replay of the call will also be archived on the website for future reference.
EverCommerce (NASDAQ: EVCM) has announced a $50 million increase in its share repurchase program, bringing the total authorization to $200 million. This program, extended through December 31, 2025, has already seen $136 million spent on repurchasing approximately 14.6 million shares. CEO Eric Remer highlighted the company's improved operational cash flow and margin expansion over the last 12-18 months as factors enabling this decision. The repurchases can occur in open market or negotiated transactions and will adhere to Rule 10b-18 and potentially Rule 10b5-1 plans. The program is funded by cash on hand and is flexible in its execution, allowing modifications or discontinuation at the company's discretion.
EverCommerce, a leading service commerce platform, announced its participation in upcoming investor conferences. Chief Financial Officer Marc Thompson will present at the JP Morgan Annual Global Technology, Media and Communications Conference in Boston on May 22, 2024, at 9:20 a.m. ET. SVP and Head of Investor Relations Brad Korch will host investor meetings at the Jefferies Software Conference in Newport, California on May 29, 2024. Marc Thompson will also present at the Stifel 2024 Cross Sector Insight Conference in Boston on June 5, 2024, at 9:10 a.m. ET. Live webcasts of these events will be available on the company's Investor Relations website.
EverCommerce Inc. (NASDAQ: EVCM) announced its first quarter 2024 financial results, reporting $170.1 million in revenue, a 5.6% increase from the previous year. The company's pro forma revenue, excluding fitness, was $164.7 million, up 5.7%. Subscription and transaction fee revenue reached $134.7 million, a rise of 8.8%. However, EverCommerce reported a net loss of $16.3 million for the quarter. Adjusted EBITDA was $40.9 million, a significant improvement from the previous year. The company's CEO highlighted the positive financial and operating metrics, exceeding guidance expectations, and discussed future growth strategies.
EverCommerce Inc. shared the results of a survey revealing that 74% of service-based small business owners are not familiar with National Small Business Week, presenting an opportunity for increased education and growth. The survey highlights the positive impact of the week on customer engagement, with personal service and convenient access to products being key benefits. Referrals and social media are the top sales drivers for service-based small businesses. EverCommerce provides tools to automate processes, generate new business, and enhance customer loyalty, helping SMB owners run their businesses efficiently.
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