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) is a dynamic service commerce platform offering vertically-tailored Software-as-a-Service (SaaS) solutions for small- and medium-sized businesses (SMBs) across the home services, health services, and fitness & wellness sectors. With a customer base of approximately 708,000, EverCommerce provides an integrated ecosystem of solutions designed to enhance business efficiency, drive revenue growth, and improve customer retention.
Founded by a team of successful software entrepreneurs and seasoned professionals from private equity firms and Fortune 500 companies, EverCommerce aims to deliver best-in-class service solutions. The company's portfolio includes the EverPro, EverHealth, and EverWell brands, which specialize in home, health, and wellness services respectively. These brands offer comprehensive business management software, embedded payment acceptance, marketing technology, and customer experience applications.
In its recent developments, EverCommerce has made strategic moves to sharpen its focus on high-growth business areas. One notable transaction involved the sale of its fitness solutions to Jonas Software, which will allow the company to concentrate on its core verticals. The fitness solutions sale is expected to close in two phases, with the North American businesses already completed and international ones expected to finalize by the third quarter of 2024.
Financially, EverCommerce has been performing robustly, with the third quarter of 2023 showing strong Adjusted EBITDA results. The company continues to drive balanced growth and profitability, recently announcing a $50 million increase to its share repurchase program, bringing the total to $200 million authorized for repurchases. This move underscores EverCommerce's commitment to maximizing shareholder value while maintaining flexibility for strategic investments.
Recent leadership changes have seen the appointment of Ellora Sengupta as Chief Information Officer and the promotion of Kayla O’Rourke to Chief People Officer, both poised to advance the company’s transformation and optimization efforts.
EverCommerce’s strategic initiatives and strong financial performance make it a noteworthy entity in the service commerce sector, continually evolving to meet the demands of its expansive customer base and adapt to market opportunities. To stay updated, visit the company's Investor Relations page.
EverCommerce Inc. (NASDAQ:EVCM), a prominent SaaS solutions provider for service SMBs, announced that it will disclose its first quarter 2023 financial results on May 9, 2023, after U.S. market close. Following this, management will hold a conference call at 5:00 p.m. Eastern Time to discuss results and provide updates. Interested parties can join the call by dialing (888) 339-0752 or (412) 902-4288 for international access. A live webcast will also be available on the Company’s Investor Relations webpage, with a replay accessible afterward.
EverCommerce supports over 685,000 service-based businesses globally, offering integrated SaaS solutions that enhance growth, operations, and customer retention in Home, Health, and Fitness sectors.
EverCommerce (NASDAQ: EVCM) announced the resignation of Chief Accounting Officer Lee Dabberdt, effective April 28, 2023, for personal career pursuits. Her departure is not linked to any disagreements regarding financial operations. CEO Eric Remer acknowledged her vital contributions to the company's growth and accounting infrastructure, particularly during its IPO in July 2021. Marc Thompson, the current CFO, will act as the principal accounting officer while the company searches for a successor with the help of a national firm. The company emphasizes a strong internal team to maintain operations during this transition.
EverCommerce (NASDAQ: EVCM) has appointed Evan Berlin as Executive Vice President and Chief Operating Officer, effective immediately. In this role, Berlin will oversee the operational execution of the company's solution lines and report to President Matt Feierstein. With nearly 20 years of experience, Berlin previously led EverCommerce's solution group operations. CEO Eric Remer expressed confidence in Berlin's ability to drive growth for customers and shareholders. EverCommerce provides integrated SaaS solutions for over 685,000 global service-based businesses, aiming to enhance efficiency and customer experience.
EverCommerce Inc. (EVCM) reported its financial results for Q4 and full year 2022. Revenue reached $161.8 million, a 19.3% increase from Q4 2021's $135.6 million. The pro forma revenue growth rate was 14.2%. However, the company incurred a net loss of $17.8 million or ($0.09) per share, a significant drop from the $4.7 million loss or ($0.02) per share in Q4 2021. Adjusted EBITDA was $35.2 million, up from $29.3 million in Q4 2021. EverCommerce is focused on growth while managing costs, forecasting 2023 revenue between $680 million and $700 million.
EverCommerce Inc. (NASDAQ: EVCM) has announced its participation in the JMP Securities Technology Conference in San Francisco on March 7, 2023, at 2:30 p.m. PT. Executive Vice President Evan Berlin and Senior Vice President Brad Korch will represent the company during this event. The conference aims to showcase EverCommerce's vertically-tailored SaaS solutions, which support over 600,000 service-based businesses in achieving growth and operational efficiency. Live webcasts of the presentations will be accessible via the Investor Relations section of their website.
EverCommerce Inc. (NASDAQ: EVCM) will announce its fourth quarter 2022 financial results on March 15, 2023, after market close. Management will hold a conference call at 5:00 p.m. ET to discuss the results and offer a business update. Investors can access the call by dialing (888) 339-0752 domestically or (412) 902-4288 internationally, or via a live webcast on the Investor Relations section of the EverCommerce website. With over 600,000 global service-based businesses using its vertically-integrated SaaS solutions, EverCommerce aims to enhance growth and streamline operations through its brands focusing on Home, Health, and Fitness & Wellness.
EverCommerce (NASDAQ: EVCM) announced upcoming presentations by its management at notable investor conferences. CEO Eric Remer will present at the RBC Capital Markets Conference on November 15, 2022, at 10:35 a.m. ET. CFO Marc Thompson will speak at the Raymond James Conference on December 6, 2022, at 11:30 a.m. ET. Additionally, Evans Berlin and Brad Korch will present at the Barclays Conference on December 8, 2022, at 8:40 a.m. PT. Live webcasts will be accessible via the Investor Relations section of their website.
EverCommerce Inc. (NASDAQ: EVCM) reported financial results for Q3 2022, showing a 23% revenue increase to $158.1 million compared to Q3 2021. Despite this growth, the company faced a net loss of $15.9 million, improving from a loss of $36.9 million a year prior. Adjusted EBITDA rose by 3.8% to $30.2 million. The Board also approved a $50 million increase in share repurchase authorization, totaling $100 million through December 2023. Looking ahead, EVCM anticipates Q4 revenue between $157 million and $159 million and full-year revenues of $616 million to $618 million.
EverCommerce Inc. (NASDAQ:EVCM) will report its third quarter 2022 financial results on November 10, 2022, after market close. Management will host a conference call at 5:00 p.m. ET to discuss the financial results and provide updates. The call can be accessed domestically at (888) 339-0752 or internationally at (412) 902-4288, and a live webcast will be available on their Investor Relations page.
EverCommerce offers SaaS solutions for over 600,000 service-based businesses, primarily in Home, Health, and Fitness industries, enhancing operational efficiency and customer retention.
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