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Avalara, a leading tax compliance automation provider, has announced its participation in several upcoming investor conferences. CEO Scott McFarlane will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, and at the BofA Securities Global Technology Conference on June 9, 2022. CFO Ross Tennenbaum will speak at the Needham Technology and Media Conference on May 16, 2022, and the William Blair Growth Stock Conference on June 7, 2022. Live webcasts will be available on Avalara's investor relations website.
Avalara, Inc. (NYSE: AVLR), a leader in tax compliance automation, will announce its financial results for Q1 2022 on
Avalara (NYSE: AVLR) has announced its sixth annual virtual tax and technology event, CRUSH, scheduled for May 17–18, 2022. This free conference aims to assist businesses in navigating the global tax landscape amidst the complexities of an omnichannel economy. Attendees can expect keynote sessions on managing growth and staying compliant with shifting regulations, as well as insights on embedding tax within finance. The event will also feature CRUSH City, offering tailored resources for different regions, including Brazil, Europe, India, and North America.
Marketplacer has partnered with Avalara (NYSE: AVLR) to enhance tax compliance for online marketplaces. Through this partnership, Marketplacer becomes part of Avalara's 'Certified for AvaTax' program, streamlining the tax calculation process for its users. The integration allows real-time sales and use tax calculations, easing the burden of digital marketplace facilitator laws. This collaboration aims to boost efficiency and customer confidence, making it easier for businesses using Marketplacer to grow without the constraints of capital inventory.
Avalara (NYSE: AVLR) has announced a new low-code studio for developers to streamline integrations with its tax compliance platform. This includes two new APIs for sales tax returns and e-invoicing, allowing seamless embedding of compliance functions into existing applications. The Integration Studio simplifies development workflows, while the APIs support e-invoicing workflows and tax return processes. Avalara aims to enhance collaboration with developers to improve its compliance offerings, responding to increasing global e-invoicing requirements.
Avalara (NYSE: AVLR) has announced the release of 20 newly certified integrations with various business software applications, enhancing its tax compliance automation solutions. These integrations, which ensure performance and reliability, allow customers to seamlessly embed Avalara’s automated tax management into their existing systems, enabling real-time tax calculations across multiple jurisdictions, including the U.S., Canada, and Europe. This initiative aligns with Avalara's focus on partnership and technological integration to support businesses effectively.
Avalara reported fourth quarter 2021 revenue of $195.1 million, marking a 35% year-over-year increase, while fiscal year revenue reached $699 million, up 40% from the previous year. Subscription revenue rose to $633.1 million, a 36% increase. Despite growth, Avalara reported a GAAP net loss of $35 million in Q4 and $125.2 million for the fiscal year. Cash and cash equivalents surged to $1.5 billion. For Q1 2022, the revenue outlook is between $197 million and $199 million with a projected non-GAAP operating loss of $9-$11 million.
Avalara, a leader in tax compliance automation, has announced upcoming investor presentations. CEO Scott McFarlane will present at the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2022, at 3:00 p.m. PT. CFO Ross Tennenbaum will present at the JMP Securities Technology Conference on March 8, 2022, at 2:30 p.m. PT. Live webcasts will be available at investor.avalara.com. The company provides cloud-based solutions for various transaction taxes globally, headquartered in Seattle.
Avalara (NYSE: AVLR) announces its second annual virtual conference, Avalara NEXT, on March 30, 2022, aimed at developers enhancing global tax compliance.
The event will feature coding sessions, insights from technical leaders, and showcase partner success stories, aiding businesses in integrating tax compliance into their operations.
With a focus on evolving tax compliance technology, Avalara NEXT emphasizes seamless, accurate transactions for businesses navigating complex obligations.
Avalara, Inc. (NYSE: AVLR) will report its fourth quarter and fiscal year financial results on February 10, 2022, after market close. A conference call is scheduled for the same day at 2:00 PM PT to discuss the results and business highlights. Stakeholders can join via phone or through a webcast on the company's investor relations site. The earnings report will provide insights into Avalara's tax compliance automation services, which assist businesses in navigating various tax regulations.
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