Welcome to our dedicated page for EverCommerce news (Ticker: $EVCM), a resource for investors and traders seeking the latest updates and insights on EverCommerce stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect EverCommerce's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of EverCommerce's position in the market.
EverCommerce Inc. (NASDAQ: EVCM) announced its first quarter 2024 financial results, reporting $170.1 million in revenue, a 5.6% increase from the previous year. The company's pro forma revenue, excluding fitness, was $164.7 million, up 5.7%. Subscription and transaction fee revenue reached $134.7 million, a rise of 8.8%. However, EverCommerce reported a net loss of $16.3 million for the quarter. Adjusted EBITDA was $40.9 million, a significant improvement from the previous year. The company's CEO highlighted the positive financial and operating metrics, exceeding guidance expectations, and discussed future growth strategies.
EverCommerce Inc. shared the results of a survey revealing that 74% of service-based small business owners are not familiar with National Small Business Week, presenting an opportunity for increased education and growth. The survey highlights the positive impact of the week on customer engagement, with personal service and convenient access to products being key benefits. Referrals and social media are the top sales drivers for service-based small businesses. EverCommerce provides tools to automate processes, generate new business, and enhance customer loyalty, helping SMB owners run their businesses efficiently.