Everquote Stock Price, News & Analysis

EverQuote, Inc. reported second-quarter 2022 earnings, with total revenue of $101.9 million, a 3% decline year-over-year. The company's Variable Marketing Margin (VMM) rose to $33.1 million, an increase of 1%. Meanwhile, GAAP net loss widened to $3.8 million compared to $1.9 million last year. Adjusted EBITDA fell to $1.4 million from $6.6 million. Looking ahead, for Q3 2022, EverQuote predicts revenues between $90 - $95 million and an Adjusted EBITDA range of ($6) - ($3) million.

EverQuote, Inc. (Nasdaq: EVER) announced the upcoming release of its second quarter 2022 financial results on August 1, 2022, after market close. A conference call will follow at 4:30 p.m. ET, where management will discuss financial performance, recent developments, and future business outlook. EverQuote operates as an online insurance marketplace, aiming to simplify, personalize, and reduce costs for insurance shoppers, ultimately striving to become the largest online source of insurance policies.

EverQuote, a prominent online insurance marketplace, is set to participate in two key investor conferences. The Needham Technology & Media Conference will take place on May 17, 2022, with a fireside chat at 3:00 p.m. ET in New York. Following that, the J.P. Morgan Global Technology, Media and Communications Conference is scheduled for May 24, 2022, at 4:50 p.m. ET in Boston. Investors can access live audio webcasts and recordings on EverQuote's investor relations website. The company aims to simplify insurance through data and technology.

EverQuote, a leading online insurance marketplace, reported a 7% increase in first quarter revenue to $110.7 million for the quarter ending March 31, 2022. Revenue from non-auto insurance verticals rose 19% year-over-year, contributing to the performance despite challenges in the auto insurance market. The company generated a Variable Marketing Margin of $34.3 million, up 9%, and positive Adjusted EBITDA of $2.4 million. However, the GAAP net loss widened to $5.7 million from $3.8 million in the prior year. Guidance for Q2 anticipates revenue of $92 - $97 million.

Savano Capital Partners has successfully closed its third fund, Fund III, with $157 million in committed capital, nearly double the amount of its previous fund. This brings the firm's total assets under management (AUM) to over $300 million. The fund attracted both existing and new limited partners, enhancing Savano's capacity to provide liquidity and growth equity to expansion-stage companies. To date, Fund III has invested in 13 companies spanning sectors such as cybersecurity and fintech. Savano's team has also expanded with two new Vice Presidents to support its growth initiatives.

EverQuote, Inc. (Nasdaq: EVER) announced its first quarter 2022 financial results will be released on May 2, 2022, after market close. A conference call with management will follow at 4:30 p.m. ET to discuss the results and future outlook. EverQuote operates a leading online insurance marketplace aimed at connecting consumers with insurance providers. The company focuses on making insurance simpler and more affordable, using technology and data to enhance the customer experience.

EverQuote, Inc. (Nasdaq: EVER) has secured a $15 million private placement investment from Recognition Capital, led by Chairman David Blundin. This investment supports EverQuote's strategy to enhance growth in the online insurance marketplace. Under the agreement, 1,004,016 shares of Class A Common Stock will be purchased at $14.94 each, matching the closing price before the announcement. Proceeds will be utilized for working capital and corporate purposes. The securities sold are not registered under federal securities laws, indicating potential investment risks.

EverQuote, a prominent online insurance marketplace, announced participation in several upcoming investor conferences in February and March 2022. Key events include:

• Credit Suisse 23rd Annual Financial Services Forum on February 17-18, 2022, with a fireside chat at 3:30 p.m. ET in Miami, FL.
• JMP Technology Conference on March 7, 2022, at 5:30 p.m. ET in San Francisco, CA.
• Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 11:35 a.m. ET in Orlando, FL.

Live webcasts will be available on EverQuote's investor relations website.

EverQuote reported a 5% year-over-year revenue increase for Q4 2021, totaling $102.1 million. Revenue from non-auto insurance verticals surged 50%, with health DTCA revenue rising 281% to $14.5 million. Full-year revenue reached $418.5 million, marking a 21% growth. However, GAAP net loss widened to $19.4 million, and Adjusted EBITDA decreased to $14.6 million. For Q1 2022, the company projects revenue between $101-$103 million and full-year revenue guidance of $420-$430 million.