EverCommerce Q1 2022 Earnings Report
Key Takeaways
EverCommerce announced strong first quarter results with revenue of $143.6 million, exceeding prior guidance, and an adjusted EBITDA of $23.0 million. The company reported a net loss of $13.3 million, or ($0.07) per share. Management has raised its financial guidance for full-year 2022 Revenue and Adjusted EBITDA.
Revenue reached $143.6 million, surpassing the guidance of $140 million to $141 million, a 36.9% increase year-over-year.
Pro forma revenue growth rate was 20.2% for the quarter.
Net loss amounted to $13.3 million, or ($0.07) per basic and diluted share.
Adjusted EBITDA totaled $23.0 million, exceeding the guidance of $21.5 million to $22.0 million, a 7.8% increase year-over-year.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Forward Guidance
The Company is issuing financial guidance for the second quarter and full year 2022.
Positive Outlook
- Second Quarter 2022 Revenue is expected to be in the range of $152 million to $154 million.
- Second Quarter 2022 Adjusted EBITDA is expected to be in the range of $28 million to $29 million.
- Full Year 2022 Revenue is expected to be in the range of $623 million to $629 million.
- Full Year 2022 Adjusted EBITDA is expected to be in the range of $122.5 million to $124.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income