EPAY - EPAY STOCK NEWS

Bottomline (NASDAQ:EPAY) partners with Autobooks to enhance digital solutions for small businesses. This collaboration will integrate Autobooks’ invoicing and accounting tools with Bottomline’s Digital Banking IQ platform, aiming to provide financial institutions with a unified digital experience. The partnership targets over 30 million U.S. small businesses and aims to address their unique needs. With less than 10% of banks offering tailored digital services to small businesses, this initiative seeks to deepen engagement and expand revenue opportunities for financial institutions.

Bottomline Technologies (EPAY) reported strong third-quarter results for the period ending March 31, 2021, with subscription revenue reaching $99.9 million, a 14% increase year-over-year. Subscription revenue now accounts for 83% of total revenues, which are $120.9 million. The company recorded a GAAP net loss of $4.8 million or $0.11 per share, while adjusted EBITDA stood at $24.1 million. The CEO expressed optimism regarding continued subscription growth and customer acquisitions moving forward.

Bottomline (NASDAQ: EPAY) will announce its Third Quarter Fiscal 2021 Financial Results on May 4, 2021, at 4:00 p.m. EDT, followed by an investor conference call at 5:00 p.m. EDT. Bottomline specializes in simplifying complex business payments and offers solutions for domestic and international payments, cash management, and fraud detection. Shareholders can access the live call and a subsequent digital replay until May 18, 2021. For more details, visit www.bottomline.com.

Bottomline (NASDAQ: EPAY) has announced that its Paymode-X platform has been recognized as a “Market Leader” in The 2021 ePayables Technology Advisor by Ardent Partners. This platform automates the invoice-to-pay process, facilitating secure digital payments for over 450,000 businesses, totaling more than $200 billion processed annually. Ardent highlighted Bottomline's comprehensive B2B payment options, extensive network, and robust Governance, Risk and Compliance (GRC) capabilities. The company aims to drive transformation in business payments through innovative technology solutions.

Bottomline (NASDAQ: EPAY) has appointed Bruce Bowden as Chief Financial Officer, effective March 12, 2021. Bowden, a seasoned financial executive, previously served at Interactions, where he improved operational efficiency and financial performance. His extensive background includes roles in corporate development and strategic planning at Nuance Communications. CEO Rob Eberle expressed confidence in Bowden's ability to drive future growth. Bowden highlighted Bottomline's opportunities in SaaS platforms and a commitment to customer success, signaling a positive outlook for the company.

Bottomline (NASDAQ: EPAY) will announce its Second Quarter Fiscal 2021 financial results on February 2, 2021, at 4:00 p.m. EST. An investor conference call will follow at 5:00 p.m. EST, where management will discuss financial metrics and future outlook. The conference call will be accessible via U.S. dial-in at (877) 407-3980 and international dial-in at (201) 689-8475. A digital replay will be available from 8:00 p.m. on February 2 until midnight on February 16, 2021. For more details, please visit the investor relations website.

Bottomline (NASDAQ: EPAY) has recognized Allianz Global Corporate & Specialty (AGCS) and MAPFRE USA with its 2020 Think Green award for their commitment to sustainability through digital transformation. Both companies utilize Bottomline's Legal Spend Management platform to electronically manage case assignments and invoices, substantially reducing their environmental impact. This move aligns with MAPFRE's goals of improved decision-making and efficiency. Bottomline emphasizes the importance of technology in creating sustainable practices in the Property & Casualty insurance sector.

Bottomline Technologies (Nasdaq: EPAY) reported strong financial results for Q1 ending September 30, 2020, with total revenues of $112.4 million, marking a 13% increase in subscription revenue year-over-year at $90.4 million. Subscription revenue now represents 80% of total revenue, up from 74% previously. GAAP net income was $0.4 million, or $0.01 per share, while adjusted EBITDA stood at $26.2 million, equivalently 23% of total revenue. CEO Rob Eberle emphasized continued market demand and product innovation, with a $360 million run rate subscription business.