Evercommerce Inc. Stock Price, News & Analysis

EverCommerce (NASDAQ:EVCM) is set to release its fourth quarter and fiscal year 2021 financial results on March 14, 2022, following the U.S. market close. A conference call hosted by management will take place on the same day at 3:00 p.m. MT / 5:00 p.m. ET to discuss these results. EverCommerce is a global service commerce platform supporting over 600,000 service-based businesses with tailored SaaS solutions across the Home, Health, and Fitness & Wellness sectors. Investors can access the call via phone or through a live webcast.

EverCommerce (NASDAQ: EVCM) increased its global customer base by over 20% in 2021, surpassing 600,000 customers, highlighting strong demand for digital transformation in the service economy. The company also reported a 20% growth in annualized Total Payment Volume (TPV). With 77% of U.S. GDP from service businesses and only 9% utilizing software solutions, EverCommerce aims to enhance customer experience and operational efficiency for small and medium businesses (SMBs). CEO Eric Remer expects continued growth in this sector as digitization accelerates.

EverCommerce Inc. (NASDAQ: EVCM) announced that CEO Eric Remer and CFO Marc Thompson will present at two investor conferences in December 2021. The first is the Raymond James Technology Investors Conference on December 7 at 10:30 a.m. EST, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 8 at 1:15 p.m. EST. Interested investors can access live webcasts through the Investor Relations section of EverCommerce's website.

EverCommerce is a service commerce platform that empowers over 500,000 global businesses with integrated SaaS solutions.

EverCommerce has successfully acquired DrChrono, enhancing its health solutions with a mobile-first platform tailored for independent practices. This acquisition integrates DrChrono's cloud-based practice management and billing services into EverCommerce's suite, which currently supports over 72,000 customers. DrChrono's platform benefits more than 4,600 practices and 13,000 providers, streamlining operations and improving patient engagement. The strategic move aims to bolster EverCommerce's position in the healthcare sector, enhancing growth potential and operational efficiencies.

EverCommerce Inc. (Nasdaq: EVCM) announced it will withdraw its previously planned public offering of common stock due to unfavorable market conditions. The decision aims to protect the interests of the company and its shareholders. Concurrently, EverCommerce will pursue a $200 million upsize of its existing term loan facility to repay about $190 million outstanding under its revolving credit facility. The funds may also support acquisitions or investments in complementary technologies and solutions.

EverCommerce (EVCM) announced a public offering of 11 million shares of its common stock, with a potential 30-day option for underwriters to purchase an additional 1.65 million shares. The offering, underwritten by major firms including J.P. Morgan and Goldman Sachs, follows a filed registration statement with the SEC but is yet to become effective. This initiative aims to support EverCommerce's growth in the service commerce space, which serves over 500,000 businesses. The company's focus includes integrated SaaS solutions across various service industries.

EverCommerce Inc. (EVCM) reported a 44% revenue growth for Q3 2021, reaching $128.5 million compared to $89.2 million in Q3 2020. The adjusted EBITDA margin surpassed 20% with $29.0 million generated, slightly down from $29.1 million in the previous year. However, the company posted a net loss of $36.9 million ($0.20 per share), an increase from $5.4 million in Q3 2020. EverCommerce's cash and equivalents stood at $98.3 million, with total debt at $385.1 million. The company announced the acquisition of DrChrono and has raised its revenue guidance for Q4 and full-year 2021.

EverCommerce (Nasdaq: EVCM) has announced a definitive agreement to acquire DrChrono, a mobile-first platform for independent healthcare practices. Based in Sunnyvale, California, DrChrono offers a cloud-based solution encompassing practice management, EHR, and billing services, serving over 4,600 practices and 13,000 providers. The acquisition aims to bolster EverCommerce's suite of healthcare solutions, enhancing patient engagement and operational efficiency. Subject to regulatory review, the deal is expected to close by the end of November 2021.

Service Fusion, part of EverCommerce (NASDAQ: EVCM), has announced a new integration with Trane and American Standard, leading providers of indoor comfort solutions. This first phase allows HVAC contractors to efficiently manage leads and jobs through the platform, reducing manual entry processes. The integration aims to streamline workflow and enhance customer experience by simplifying business operations. Further phases are expected in 2022, focusing on product catalogs and inventory management.