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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.
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 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