Thryv Hldgs Inc Stock Price, News & Analysis

Thryv Holdings (NASDAQ:THRY) reported strong Q3 2024 performance with 29% year-over-year SaaS revenue growth to $87.1 million. The company achieved the 'Rule of 40' milestone and saw total SaaS clients increase by 45% to 96,000. Key highlights include improved Seasoned Net Dollar Retention of 101%, up 900 basis points year-over-year, and ThryvPay payment volume growth of 30%. The company completed the acquisition of Keap and raised its full-year 2024 SaaS guidance. However, Marketing Services revenue decreased 20% to $92.8 million, and the company reported a consolidated net loss of $96.1 million, including an $83.1 million non-cash goodwill impairment charge.

Thryv Holdings (NASDAQ: THRY) has completed its acquisition of Keap for $80 million in cash. The strategic merger combines two leading SaaS providers for small and medium-sized businesses (SMBs), resulting in a combined base of over 100,000 SaaS subscribers. The acquisition integrates Keap's marketing automation capabilities with Thryv's business management solutions, creating a comprehensive platform for SMBs. The merger expands Thryv's geographic presence in North America and international markets including Europe and Australia, while enhancing its software portfolio with AI-powered marketing tools and automation features.

Thryv Holdings (NASDAQ: THRY) has priced an upsized public offering of 5,715,000 shares of common stock at $14.00 per share, expecting to raise approximately $80.0 million in gross proceeds. The company granted underwriter RBC Capital Markets a 30-day option to purchase up to 857,250 additional shares. The proceeds will partially fund Thryv's previously announced acquisition of Infusion Software (Keap). The offering is expected to close around October 31, 2024, subject to customary conditions.

Thryv Holdings (NASDAQ:THRY) released preliminary Q3 2024 results, reporting SaaS revenue between $86-88 million, up from $67 million year-over-year. SaaS Gross Margin improved to 69-70% from 64%. However, the company expects a net loss of $95-97 million, including an $83 million non-cash goodwill impairment charge in the Marketing Services segment. SaaS Adjusted EBITDA is projected at $10-11 million, compared to -$1 million in Q3 2023. The company's client base grew to 96,000-97,000, up from 66,000, with improved client retention at approximately 100%.

Thryv Holdings (NASDAQ: THRY) announced a $75.0 million public offering of common stock, with an additional 15% option granted to underwriters for a 30-day period. The company plans to use the proceeds to partially fund its previously announced acquisition of Infusion Software (Keap). RBC Capital Markets is serving as the sole book-running manager, offering shares through various channels including Nasdaq and over-the-counter markets. The offering will be conducted under Thryv's effective shelf registration statement on Form S-3ASR.

Thryv Holdings (NASDAQ: THRY) has signed a definitive agreement to acquire Keap for $80 million in cash. Keap, a provider of CRM and marketing automation solutions for SMBs, generated approximately $85 million in revenue during the trailing twelve months through June 2024. The acquisition will establish Thryv as a market leader with total SaaS revenue exceeding $400 million in recurring revenue. The combined entity will have over 100k SaaS subscriptions, expanding Thryv's presence in North America, Europe, and Australia. The transaction is expected to close in Q4 2024, funded through equity financing and existing credit facility.

Thryv (NASDAQ: THRY) has introduced AI-enhanced social media capabilities into its Thryv Marketing Center™, addressing the needs of small businesses who see social media as a key area for AI impact. The new Social Media Management Tool connects various social platforms, allowing businesses to manage their online presence efficiently.

Key features include:

• AI-generated social content with customizable captions
• A content library organized by topic
• Content recommendations with integrations for articles and images
• Social scheduling capabilities
• Engagement tracking across all connected channels

This tool aims to simplify social media marketing for small businesses, helping them create and manage content effectively without constant online presence. Thryv's Chief Product Officer, Rees Johnson, emphasizes the importance of social media in customer engagement and how this AI-enhanced tool addresses the time and creativity constraints faced by small businesses.

Thryv Holdings, Inc. (NASDAQ:THRY), a leading provider of small business software, has announced the release of its third quarter 2024 financial results on Thursday, November 7, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results with investors.

To participate in the conference call, interested parties can register using the provided link or visit Thryv's Investor Relations website. A live webcast will also be available on the company's Investor Relations section. After the event, downloadable files of the press release and an audio replay will be accessible on Thryv's website.

Thryv Holdings (NASDAQ:THRY), the provider of the leading small business software platform Thryv®, has announced an Analyst Day scheduled for Tuesday, December 3, 2024. The event will begin at 9 a.m. ET in New York City at the NASDAQ Marketsite.

During this event, the Thryv team will present to the investment community, covering topics such as business performance, outlook, and key strategic priorities. Presenters will include Chairman & CEO Joe Walsh, President Grant Freeman, CFO Paul Rouse, and other executive team members.

For those unable to attend in person, a live webcast of the event and presentation materials will be accessible on Thryv's Investor Relations page at investor.thryv.com. Interested parties can register to attend through the provided link.