EverCommerce Q2 2022 Earnings Report
Key Takeaways
EverCommerce reported strong second quarter results, with revenue of $157.2 million and adjusted EBITDA of $30.7 million, both exceeding previously issued guidance. Management raised its financial guidance for full-year 2022 Revenue and Adjusted EBITDA.
Revenue of $157.2 million, exceeding guidance of $152 million to $154 million, a 29.9% increase year-over-year.
YoY Pro forma revenue growth rate of 16.1%.
Net loss was $12.9 million, or ($0.07) per basic and diluted share.
Adjusted EBITDA was $30.7 million, exceeding guidance of $28 million to $29 million, an 11.5% increase year-over-year.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Forward Guidance
The Company is issuing financial guidance for the third quarter and full year 2022. For the third quarter 2022, Revenue is expected to be in the range of $159 million to $161 million and Adjusted EBITDA is expected to be in the range of $31.5 million to $32.5 million. For the full year 2022, Revenue is expected to be in the range of $626 million to $630 million and Adjusted EBITDA is expected to be in the range of $123 million to $125 million.
Positive Outlook
- Revenue is expected to be in the range of $159 million to $161 million for Q3 2022.
- Adjusted EBITDA is expected to be in the range of $31.5 million to $32.5 million for Q3 2022.
- Revenue is expected to be in the range of $626 million to $630 million for full year 2022.
- Adjusted EBITDA is expected to be in the range of $123 million to $125 million for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income