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 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.
EverCommerce, Inc. (NASDAQ:EVCM) will report its third quarter fiscal year 2021 financial results after U.S. market close on November 8, 2021. A conference call is scheduled on the same day at 5:00 p.m. ET to discuss the results and provide financial guidance. Investors can participate by calling (877) 313-2140 for domestic and (470) 495-9545 for international calls, using conference ID 8092737. EverCommerce offers SaaS solutions for over 500,000 service-based businesses, focusing on Home Services, Health Services, and Fitness & Wellness industries, driving growth and operational efficiency.
On October 12, 2021, ASF Payment Solutions and Club OS were chosen by World Gym International as designated suppliers for club management and CRM software across their North American operations. This partnership aims to enhance operational efficiency for franchisees, providing an integrated solution for member management, billing, and marketing automation. ASF's technology will enable World Gym to optimize its customer engagement strategies and drive revenue growth through data analytics. The collaboration is part of EverCommerce's EverWell solutions suite, supporting over 46,000 fitness and wellness businesses.
DynaScape, a software solution under EverCommerce (Nasdaq:EVCM), has partnered with LandscapeHub to enhance their offerings for landscaping companies. This integration will sync LandscapeHub’s marketplace with DynaScape’s Manage360, allowing users real-time access to costs and suppliers. The partnership aims to streamline the estimating, ordering, and job management processes, ultimately improving efficiency and accuracy for landscape industry professionals.
EverCommerce (Nasdaq: EVCM) has launched EverConnect, a performance marketing platform designed to connect service providers with local consumers. This initiative consolidates three existing businesses: Keyword Connects, 33 Mile Radius, and Remodeling.com, offering a unified toolset for lead generation. EverConnect features three new products: EverConnect Live for exclusive leads, EverConnect Direct for tailored campaigns, and EverConnect Marketplace for self-service lead acquisition. The platform aims to streamline marketing efforts and enhance customer experience for service-based businesses.