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Mar 31, 2023
EverCommerce Q1 2023 Earnings Report
Reported strong financial metrics with revenue and Adjusted EBITDA exceeding guidance, driven by 12% year-over-year revenue growth and significant cost discipline.
Key Takeaways
EverCommerce reported a revenue of $161.1 million, a net loss of $20.8 million, and an Adjusted EBITDA of $31.9 million for the quarter ended March 31, 2023. The company's revenue increased by 12.2% compared to the same period last year, with Software and Transaction Revenue growth of approximately 15%.
Revenue reached $161.1 million, a 12.2% increase year-over-year.
Net loss was $20.8 million, or ($0.11) per share.
Adjusted EBITDA was $31.9 million, a 39% increase year-over-year.
The Company repurchased 3,123,697 shares of common stock for $29.6 million.
Revenue by Segment
Forward Guidance
The Company is issuing financial guidance for the second quarter and full year 2023.
Positive Outlook
- Second Quarter 2023 Revenue is expected to be in the range of $168 million to $172 million.
- Second Quarter 2023 Adjusted EBITDA is expected to be in the range of $31 million to $34 million.
- Full Year 2023 Revenue is expected to be in the range of $680 million to $700 million.
- Full Year 2023 Adjusted EBITDA is expected to be in the range of $136 million to $144 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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