EverCommerce Q4 2022 Earnings Report
Key Takeaways
EverCommerce reported a 19.3% increase in revenue to $161.8 million for Q4 2022, with a net loss of $17.8 million. Adjusted EBITDA was $35.2 million. The company exceeded its Adjusted EBITDA guidance range due to tight cost management.
Revenue increased by 19.3% to $161.8 million compared to Q4 2021.
Pro forma revenue growth rate was approximately 14.2%.
Net loss was $17.8 million, or ($0.09) per share.
Adjusted EBITDA was $35.2 million, exceeding guidance.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Forward Guidance
EverCommerce provided financial guidance for Q1 2023 and full year 2023, anticipating revenue between $157 million and $160 million for Q1 and between $680 million and $700 million for the full year. Adjusted EBITDA is expected to be between $27 million and $29 million for Q1 and between $134 million and $142 million for the full year.
Positive Outlook
- Revenue is expected to be in the range of $157 million to $160 million for Q1 2023.
- Adjusted EBITDA is expected to be in the range of $27 million to $29 million for Q1 2023.
- Revenue is expected to be in the range of $680 million to $700 million for the full year 2023.
- Adjusted EBITDA is expected to be in the range of $134 million to $142 million for the full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income