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Thryv Holdings, Inc. reports on an AI-enabled marketing and sales software platform for small and medium-sized businesses. Its software offerings include lead insights, automated customer follow-up, payment processing, an AI-enabled CRM and related tools designed to help service businesses manage customer acquisition, sales activity and repeat engagement.
Recurring Thryv news centers on SaaS revenue growth, Marketing Center performance, average revenue per unit, adjusted EBITDA, guidance updates and the transition from legacy marketing services toward software-led revenue. Product updates include Thryv AI Lead Flow, home-services marketing automations and integrations that combine Thryv Marketing Center with Keap sales automation capabilities.
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Thryv Holdings, Inc. (NASDAQ:THRY) is set to release its first quarter 2023 financial results on May 4 before market opening. A conference call will follow at 8:30 a.m. ET to discuss these results with the investment community. Thryv is known for its small business software platform, Thryv®, which aids over 50,000 businesses in managing their operations effectively. Additionally, the company provides marketing services to more than 400,000 businesses, enhancing their digital and print presence.
Investors can register for the call using the provided link and access a live webcast on Thryv's Investor Relations website. Downloadable files and an audio replay will be available post-event.
Thryv Holdings, Inc. (NASDAQ:THRY) announced significant updates to its SaaS platform aimed at enhancing small business operations. Key features include the launch of ThryvPay, a mobile card reader promoting streamlined payments; TeamChat, enhancing team communication; and an automated Signatures tool for easier document management.
Thryv's platform now boasts over 40,000 active users, a 30% increase year-over-year. The integration of calendar sync with Google and Outlook further boosts productivity. These innovations address the evolving needs of small businesses, ensuring they remain competitive in changing markets.
Thryv Holdings, Inc. (NASDAQ:THRY) reported robust year-over-year growth in its fourth quarter of 2022, with SaaS revenue rising 25% to $59.3 million and a consolidated total revenue increase of 14.3% to $279.4 million. The company surpassed all guidance metrics, with total SaaS clients growing 13% and monthly active users up 37%. However, a non-cash goodwill impairment charge impacted the net income, resulting in a net loss of $50.4 million. Looking ahead, Thryv is optimistic about maintaining SaaS revenue growth and has issued revenue guidance for 2023, projecting SaaS revenue between $257 million and $259 million.