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.
EverCommerce Inc (NASDAQ: EVCM) provides essential SaaS solutions for service-based SMBs through its integrated service commerce platform. This news hub offers investors and business professionals timely updates on strategic developments, financial milestones, and operational advancements shaping the company's growth in home services, health services, and fitness & wellness markets.
Access authoritative coverage of EVCM's earnings reports, acquisition activity, product innovations, and leadership updates. Our curated news collection enables stakeholders to track the company's progress in unifying vertical SaaS solutions while maintaining compliance with financial disclosure standards.
Key updates include quarterly financial results, partnership announcements, technology enhancements, and market expansion initiatives. Regular monitoring of these developments provides insights into EverCommerce's position within the competitive service commerce landscape and its execution of strategic priorities.
Bookmark this page for streamlined access to verified EVCM updates. Combine our news tracking with your due diligence process to stay informed about the company's initiatives in automating SMB operations through integrated digital solutions.
EverCommerce (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, has scheduled its first quarter 2025 earnings announcement. The company will release its financial results after U.S. market close on Thursday, May 8, 2025.
Management will conduct a conference call the same day at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) to discuss financial performance and provide business updates. Investors can access both the telephonic and webcast versions of the call through the company's investor relations website, where a replay will also be available.
EverCommerce (NASDAQ: EVCM) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenue reached $175.0 million, up 3.3% year-over-year, while pro forma revenue excluding fitness solutions increased 7.0%. Subscription and transaction fee revenue grew 4.2% to $139.0 million.
The company reported a Q4 net loss of $12.2 million ($0.07 per share), an improvement from the $23.3 million loss in Q4 2023. Adjusted EBITDA increased to $50.4 million from $43.1 million year-over-year.
During Q4, EVCM repurchased 0.6 million shares for approximately $7.0 million, with $32.7 million remaining in the repurchase program. The company announced plans to evaluate strategic alternatives for its marketing technology solutions, expecting a sale within 12 months. For 2025, EVCM projects revenue of $581-601 million and Adjusted EBITDA of $167.5-175.5 million from continuing operations.
EverCommerce (NASDAQ: EVCM) announced it is exploring strategic alternatives for its Marketing Technology solutions division, with expectations of a sale in 2025. The company initiated this process in late 2024 as part of its transformation strategy.
The decision aligns with EverCommerce's refined focus on vertical SaaS software with embedded payments, which management believes will optimize long-term growth and margin accretion. The Marketing Technology division, currently led by Tim Gill, provides lead generation and digital agency capabilities to service-based small businesses.
The company's upcoming Q4 2024 earnings guidance, scheduled for March 13, 2025, will exclude Marketing Technology operations. EverCommerce has engaged external financial advisors for the strategic review process and will limit further public comments until the review concludes or required disclosures arise.
EverCommerce (NASDAQ: EVCM) announced its upcoming participation in the Citizens JMP Technology Conference in San Francisco. EverHealth CEO Evan Berlin and SVP & Head of IR Brad Korch will deliver a presentation on March 3, 2025, at 11:30 a.m. PST. The presentation will be accessible via live webcast through the company's Investor Relations website section at investors.evercommerce.com.
EverCommerce (NASDAQ: EVCM), a leading SaaS solutions provider for service SMBs, has scheduled its fourth quarter 2024 earnings release and conference call for March 13, 2025. The financial results will be released after U.S. market close, followed by a conference call at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time. During the call, management will discuss financial results and provide a business update. Investors can access both telephonic and webcast options through the company's investor relations website, where a replay will also be available.
EverCommerce (NASDAQ: EVCM) has appointed Evan Berlin as the leader of its EverHealth healthcare vertical. Berlin, who has been with the company for 17 years, transitions from his role as Chief Operating Officer, which he held since March 2023. His extensive experience includes being an early employee of EverCommerce's predecessor PaySimple and leading the company's acquisition and integration strategy when EverCommerce was incorporated in 2016.
The appointment is part of EverCommerce's transformation initiative focusing on investing in high-growth potential verticals. The company will not backfill the Chief Operating Officer position. Berlin's appointment, along with Josh McCarter's leadership of EverPro and additional key leadership roles in these verticals, marks significant progress in the company's transformation phase.
EverCommerce (NASDAQ: EVCM) has successfully repriced its $533.5 million term loan, reducing the fixed component of the interest rate from SOFR plus 3.0% to SOFR plus 2.50%. The company eliminated the credit spread adjustment, resulting in approximately $3.3 million in annualized interest cost savings on the outstanding principal as of September 30, 2024. This modification is part of EverCommerce's ongoing transformation and optimization efforts. The company had previously implemented interest rate swaps with a combined notional amount of $425 million to reduce floating rate exposure. No other material amendments were made to the term loan credit facility.
EverCommerce (NASDAQ: EVCM) announced its participation in three major investor conferences. CEO Eric Remer and CFO Ryan Siurek will present at the RBC Capital Markets Technology Conference in New York City on November 20, 2024, at 10:00 AM EST. SVP Brad Korch will attend the Raymond James TMT and Consumer Conference for 1x1 meetings on December 10, 2024. Additionally, Siurek and Korch will participate in 1x1 meetings at the Barclays Global Technology Conference on December 12, 2024. Live webcasts will be available through the company's investor relations website.
EverCommerce (NASDAQ: EVCM) has appointed Josh McCarter as the leader of its EverPro home and field services vertical. McCarter brings 25 years of technology experience, most recently serving as CEO of ShipMonk. His previous roles include CEO of Mindbody, where he led the acquisition of ClassPass in 2021, and co-founder/CEO of Booker. McCarter's extensive experience includes executive positions at Autobytel, where he helped raise $100M for international expansion and supported its IPO. He currently serves on the Board of Directors of Compass (NYSE: COMP).
EverCommerce (NASDAQ: EVCM) announced its Q3 2024 financial results. Revenue increased by 0.9% to $176.3 million compared to Q3 2023, and pro forma revenue (excluding fitness) grew by 4.3% to $169.1 million. Subscription and transaction fee revenue rose by 3.7% to $137.6 million, with pro forma figures increasing by 8.3% to $127.0 million. The company reported a net loss of $9.2 million or $(0.05) per share, compared to a net loss of $0.6 million or $(0.00) per share in Q3 2023. Adjusted EBITDA was $44.5 million, up from $41.8 million in Q3 2023. EverCommerce repurchased 1.4 million shares for $14.6 million, with $39.4 million remaining under the repurchase program. The company issued Q4 2024 guidance, expecting revenue between $168 million and $172 million and Adjusted EBITDA between $43 million and $46 million.
