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Mar 31, 2022
EverCommerce Q1 2022 Earnings Report
Reported revenue and Adjusted EBITDA above previously announced guidance ranges, with pro forma growth exceeding 20% and healthy margins and cash flow generation maintained.
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
Revenue by Segment
Subscription and transaction fees Revenue
CapyFin.comOther Revenue
CapyFin.com 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