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EverQuote, Inc. reports developments for an AI-powered growth solutions business serving regulated property and casualty insurance providers. The company operates an online insurance marketplace that connects consumers shopping for insurance with carrier and agent customers, using proprietary data assets, a technology platform and an AI traffic engine to support digital customer acquisition.
Recurring updates include quarterly and annual financial results, revenue and profitability metrics, operating cash flow, business outlook, investor conference presentations and commentary on automation, AI capabilities, new products and data science within its insurance-provider marketplace.
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EverQuote, Inc. (Nasdaq: EVER), a prominent online insurance marketplace, will announce its first quarter 2023 financial results on May 8, 2023, after market close. A conference call and webcast will follow at 4:30 p.m. ET, where management will discuss these results and future business outlook. The live call can be accessed using the US Toll Free number +1 (833) 470-1428 or via the provided webcast link. EverQuote's mission focuses on empowering consumers to protect their most important assets through technology and data. Its goal is to simplify and personalize insurance, aiming to become the leading online source for insurance policies.
EverQuote, Inc. reported its fourth quarter and full year 2022 financial results, achieving a total revenue of $88.3 million for Q4 and $404.1 million for the year, marking a 13% and 3% decrease, respectively. The company's Variable Marketing Margin also decreased, totaling $29.1 million for Q4 and $128.3 million annually. The GAAP net loss rose to $24.4 million for the year, compared to $19.4 million in 2021. Despite these declines, EverQuote aims to restore revenue growth and profitability in 2023, targeting $420 - $435 million in full-year revenue and a positive adjusted EBITDA of $7 - $13 million.
Link Ventures (LV) has launched its third investment fund, Link Ventures 3 LP (LV3), with commitments of approximately $150 million, 50% larger than its previous fund. LV3's first investment is in nsKnox, a payment protection company that uses data science and machine learning to reduce wire fraud risks. Since its inception in 2006, LV has invested in over 40 startups across various sectors, highlighting its strategy of minority equity investments in fast-growing tech firms. The firm focuses on leveraging AI and data science to drive significant industry advancements.