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 (NASDAQ: EVCM) has announced its upcoming presentations at investor conferences. CEO Eric Remer and CFO Marc Thompson will present at the Evercore ISI Technology Conference in New York on September 8, 2022, at 11 a.m. ET. Following this, Remer will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 15, 2022, at 10:45 a.m. PT. The company provides service commerce solutions to over 600,000 businesses across various sectors. Live webcasts for these events will be accessible on its Investor Relations website.
EverCommerce Inc. (NASDAQ: EVCM) announced upcoming presentations at prominent investor conferences. On September 8, CEO Eric Remer and CFO Marc Thompson will present at the Evercore ISI Technology Conference in New York at 11 a.m. ET. Following that, on September 15, Eric Remer will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco at 10:45 a.m. PT. Live webcasts will be accessible via the Investor Relations section on their website.
EverCommerce is a leading service commerce platform, providing tailored SaaS solutions for over 600,000 businesses in sectors like Home Services and Health Services.
EverCommerce Inc. (NASDAQ: EVCM) reported strong financial results for Q2 2022, with revenue of $157.2 million, exceeding guidance of $152 million to $154 million, and a 29.9% increase year-over-year. The company's net loss narrowed to $12.9 million from $24.3 million in Q2 2021. Adjusted EBITDA reached $30.7 million, surpassing guidance. Management raised full-year guidance for revenue and EBITDA, forecasting revenue between $626 million and $630 million.
EverCommerce (NASDAQ: EVCM), a prominent service commerce platform, announced two upcoming investor presentations. CEO Eric Remer will speak at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, 2022, at 8:15 a.m. ET. CFO Marc Thompson will present at the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, at 1:30 p.m. ET. Live webcasts for both conferences will be available on the company's website. EverCommerce serves over 600,000 service-based businesses with integrated SaaS solutions.
EverCommerce Inc. (NASDAQ:EVCM) is set to announce its second quarter 2022 financial results on August 8, 2022, after the market closes. Management will hold a conference call at 5:00 PM ET to discuss the results and provide business updates. The call can be accessed by dialing (888) 339-0752 domestically or (412) 902-4288 internationally. Additionally, a live webcast will be available on the Investor Relations page of their website. EverCommerce specializes in SaaS solutions for service-based businesses across various industries.
EverCommerce (NASDAQ: EVCM) has authorized a $50 million share repurchase program, aimed at enhancing shareholder value over the next six months. CEO Eric Remer emphasized that the company’s strong organic growth and margin profile allow for this capital allocation. Repurchases may occur in the open market or through negotiated transactions and could be funded with existing cash. This program offers flexibility, allowing the company to extend or modify it based on market conditions.
EverCommerce Inc. (NASDAQ: EVCM) announced management presentations at key investor conferences. CEO Eric Remer and CFO Marc Thompson will present at the J.P. Morgan Global Tech, Media and Communications Conference on May 25, 2022, at 10:00 a.m. ET. Remer will also present at the Jefferies Software Conference on June 1, 2022, at 4:00 p.m. PT. Lastly, both Remer and Thompson will present at the Stifel Cross Sector Insight Conference on June 7, 2022, at 10:20 a.m. ET. Live webcasts will be available on their Investor Relations page.
EverCommerce (NASDAQ: EVCM) announces the appointment of Shane Driggers as Chief Human Resources Officer (CHRO). Driggers will guide the HR organization, focusing on employee experiences, talent acquisition, and development. He brings over 20 years of HR leadership from companies like ServiceNow, Oracle, and LinkedIn. CEO Eric Remer emphasized the importance of employees as the company’s greatest asset, indicating that Driggers' expertise will enhance their ability to attract and retain talent. EverCommerce provides SaaS solutions tailored for service-based businesses, supporting over 600,000 clients globally.
EverCommerce Inc. (EVCM) reported strong financial results for Q1 2022, with revenue of $143.6 million, surpassing prior guidance of $140-$141 million, and a 36.9% increase from $104.9 million YoY. The net loss narrowed to $13.3 million or ($0.07) per share compared to a net loss of $16 million in Q1 2021. Adjusted EBITDA rose to $23 million, exceeding guidance. The company raised its financial outlook for the full year, projecting revenue of $623-$629 million and Adjusted EBITDA between $122.5-$124.5 million.
EverCommerce, Inc. (NASDAQ:EVCM) will release its Q1 2022 financial results on May 9, 2022, following market close. A conference call is scheduled for the same day at 3:00 PM MT to discuss these results and provide a business update. The call can be accessed at (877) 313-2140 (domestic) or (470) 495-9545 (international), with a live webcast available on the company's Investor Relations page.
EverCommerce offers tailored SaaS solutions for over 600,000 service-based businesses in Home, Health, and Fitness & Wellness sectors.
FAQ
What is the current stock price of EverCommerce (EVCM)?
What is the market cap of EverCommerce (EVCM)?
What is EverCommerce Inc.?
How many customers does EverCommerce serve?
What are EverCommerce’s main brands?
What recent strategic moves has EverCommerce made?
What financial performance highlights has EverCommerce reported?
What is the status of EverCommerce’s share repurchase program?
Who are the new leaders in EverCommerce’s executive team?
Where can I find the latest updates and financial results of EverCommerce?
How does EverCommerce generate its revenue?
What strategic benefits does the sale of fitness solutions bring to EverCommerce?
