Welcome to our dedicated page for Thryv Hldgs news (Ticker: THRY), a resource for investors and traders seeking the latest updates and insights on Thryv Hldgs stock.
Thryv Holdings, Inc. (NASDAQ: THRY) is the provider of a small business marketing and sales software platform and related marketing services, with a focus on helping local, independent service-based businesses and emerging franchises attract new and repeat customers. The Thryv news feed on Stock Titan aggregates company press releases and market updates so readers can follow how the business is evolving its SaaS platform and marketing offerings for SMBs.
Recent Thryv news highlights several themes: AI-supported marketing and business automations, tailored software for specific verticals such as home services, and the expansion of the platform into adjacent workflows like payroll through Thryv Workforce Center, powered by Gusto. The company also regularly reports quarterly financial results, including SaaS and Marketing Services performance, SaaS client metrics, and profitability measures, through earnings announcements and associated conference calls.
Investors and small business observers can use this page to review updates on Thryv’s AI initiatives, marketing automation capabilities, product launches, recognition by third-party research firms, and participation in industry conferences and events. Earnings-related news, including Form 8-K references to press releases and investor presentations, provides insight into segment trends and the progress of Thryv’s SaaS transformation.
By monitoring the THRY news stream, users can see how the company positions its platform in the internet content and information industry, how it responds to small business technology needs, and how its financial and operational disclosures align with its stated focus on AI-supported tools and small business growth.
A consortium formed by America’s SBDC, Intuit, Mastercard, Thryv, and others launched “Launchpad America” to support entrepreneurs in post-pandemic recovery. The initiative aims to provide essential resources, mentorship, and free tools for startup success, addressing the challenge of high failure rates in new businesses. The program includes a Startup Guide and a Starter Kit with access to services from coalition partners. This effort reflects a growing trend of new business applications at the fastest pace since 2007, highlighting the importance of small businesses in economic recovery.
Thryv Holdings, Inc. (NASDAQ:THRY) announced a free virtual seminar, Connect: Home Services, scheduled for June 23, 2021, targeting the Home Services industry.
The event aims to enhance business growth through expert speakers, actionable strategies, and networking opportunities. CEO Joe Walsh highlighted the significance of Thryv's SaaS platform in helping home service businesses attract customers and expedite payments. Attendees can expect discussions on consumer trends and technology use in enhancing customer experiences, crucial for thriving post-pandemic.
Thryv Holdings (NASDAQ:THRY) announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective June 28, 2021. This milestone follows its Nasdaq listing in 2020 and aims to enhance visibility to institutional investors. Membership in these indexes means automatic inclusion in style indexes and reflects Thryv's position as a leading client experience software provider for small businesses. Thryv supports over 40,000 clients, offering a range of digital business solutions. The Russell indexes are widely used for benchmarking and managing nearly $10.6 trillion in assets.
Thryv Holdings (NASDAQ:THRY) announced CEO Joe Walsh will present at two key investor conferences: the William Blair Annual Growth Stock Conference on June 1, 2021, at 5 p.m. ET, and Baird's 2021 Global Consumer, Technology and Services Conference on June 10, 2021, at 1:25 p.m. ET. Thryv provides a comprehensive customer experience platform for small businesses, aiding over 40,000 clients in managing daily operations. Their software streamlines various business functions, enabling SMBs to enhance customer engagement, payment processing, and online appointment scheduling.
Thryv Holdings, Inc. (NASDAQ: THRY) has announced the pricing of a public offering of 4,238,426 shares at $23.50 each, up from an earlier planned 3,500,000 shares. The offering, set to close on June 1, 2021, will benefit selling stockholders, who will receive all proceeds. Thryv will not issue new shares or receive any proceeds. Additionally, underwriters have a 30-day option to buy up to 635,763 additional shares. The registration statement for this offering was declared effective by the SEC on May 26, 2021.
Thryv Holdings, Inc. (NASDAQ:THRY) continues to support small businesses through its podcast, Winning on Main Street. The recent episode featured entrepreneur Jay Samit, discussing innovation and the importance of developing an entrepreneurial mindset post-pandemic. He emphasizes that disruption creates opportunities, urging individuals to embrace change rather than fear it. The podcast aims to equip small business owners with strategies for growth, including attracting customers and managing finances.
Thryv Holdings announced a secondary offering of 3,500,000 shares of common stock by certain stockholders, with an additional 525,000 shares available for purchase by underwriters. Thryv will not receive any proceeds from the offering. The offering is contingent on market conditions and is being led by William Blair, with Needham & Company and CJS Securities also involved. Investors can obtain a preliminary prospectus through the lead manager. This offering signals liquidity for selling stockholders but raises potential concerns for existing shareholders regarding dilution.
Thryv Holdings, Inc. (NASDAQ:THRY) reported strong Q1 2021 results, with U.S. SaaS revenue increasing 17% year-over-year to $37.3 million. Total consolidated revenue reached $280.6 million, with net income at $36.5 million and adjusted EBITDA margin at 37.4%. The company raised its 2021 SaaS revenue guidance to $151-$153 million, up from $140-$145 million. The launch of the ThryvPay mobile app aims to enhance service for small businesses. Key metrics include a 2.5% SaaS monthly churn rate and a significant improvement in net dollar retention to 89%. The acquisition of Sensis Holdings strengthens Thryv's market presence.
Thryv Holdings, Inc. (NASDAQ:THRY) has launched the ThryvPay app, a free payment processing solution tailored for service-based businesses. This app enables users to accept contactless payments, including ACH and all major credit cards, with competitive rates. It allows businesses to manage services, create custom payment plans, and improve revenue by accepting tips and convenience fees. Notably, 64% of consumers prefer cashless transactions, underscoring the app's relevance. ThryvPay enhances operational efficiency and customer experience, benefiting small to medium-sized service businesses.
Thryv Holdings, Inc. (NASDAQ:THRY) has launched an urgent initiative through its podcast, “Winning on Main Street”, to assist small businesses in recovering from the COVID-19 pandemic. Hosted by Gordon Henry, the podcast emphasizes adapting to new consumer expectations for online interactions. Recent episodes feature insights from successful small business owners and discuss essential topics like credit management, cash flow, and brand reputation. Thryv continues to offer software solutions that support over 400,000 small businesses globally.