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.
Swell announces integration with Briostack, enhancing customer experience for pest control professionals. This collaboration allows automated messaging for scheduled appointments and encourages Google reviews post-service. Customized texts can maximize open rates, streamlining business communication. Briostack users will benefit from a centralized inbox and chat functionality for better coordination. Executives from both companies emphasize their commitment to improving local business growth and online reputation.
EverCommerce Inc. (EVCM) announced robust financial results for Q4 and the year ending December 31, 2021. Revenue reached $135.6 million, exceeding guidance of $129.5-$131 million and showing a 47% increase year-over-year. However, the company reported a net loss of $82.0 million for 2021, compared to $60.0 million in 2020. Adjusted EBITDA was $29.3 million with a margin of 21.6%. For 2022, the company forecasts revenue between $619-$625 million and adjusted EBITDA of $122-$124 million.
EverCommerce Inc. (NASDAQ: EVCM) announced preliminary financial expectations for Q4 2021, projecting revenue and Adjusted EBITDA to exceed previous guidance of $129.5 – 131 million and $27 – 28 million, respectively. This update comes as management participates in two investor conferences. The full financial results for Q4 and fiscal year 2021 will be reported on March 14, 2022. EverCommerce provides integrated SaaS solutions for over 600,000 service-based businesses across various industries, aiming to enhance their operational efficiency and customer retention.
EverCommerce (NASDAQ: EVCM), a prominent service commerce platform, will participate in two key investor conferences. CEO Eric Remer is scheduled to present at the JMP Securities Technology Conference on March 7, 2022, at 12:00 p.m. PST, and alongside CFO Marc Thompson at the Raymond James Institutional Investors Conference on March 9, 2022, at 8:05 a.m. EST. Both presentations will be webcast live, with materials accessible on EverCommerce's investor relations website before the presentations. A replay will be available following each event.
Acorn Finance has partnered with Joist, an EverPro solution, to embed financing offers into Joist's mobile estimating and invoicing platform. This collaboration aims to help home improvement contractors increase sales by providing competitive financing options at no cost. Acorn Finance's network includes 12 lenders, resulting in an 800% increase in loan applications in 2021. The partnership is expected to empower Joist users by simplifying the financing process for homeowners, enhancing business efficiency, and expanding customer choice.
EverCommerce (NASDAQ:EVCM) is set to release its fourth quarter and fiscal year 2021 financial results on March 14, 2022, following the U.S. market close. A conference call hosted by management will take place on the same day at 3:00 p.m. MT / 5:00 p.m. ET to discuss these results. EverCommerce is a global service commerce platform supporting over 600,000 service-based businesses with tailored SaaS solutions across the Home, Health, and Fitness & Wellness sectors. Investors can access the call via phone or through a live webcast.
EverCommerce (NASDAQ: EVCM) increased its global customer base by over 20% in 2021, surpassing 600,000 customers, highlighting strong demand for digital transformation in the service economy. The company also reported a 20% growth in annualized Total Payment Volume (TPV). With 77% of U.S. GDP from service businesses and only 9% utilizing software solutions, EverCommerce aims to enhance customer experience and operational efficiency for small and medium businesses (SMBs). CEO Eric Remer expects continued growth in this sector as digitization accelerates.
EverCommerce Inc. (NASDAQ: EVCM) announced that CEO Eric Remer and CFO Marc Thompson will present at two investor conferences in December 2021. The first is the Raymond James Technology Investors Conference on December 7 at 10:30 a.m. EST, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 8 at 1:15 p.m. EST. Interested investors can access live webcasts through the Investor Relations section of EverCommerce's website.
EverCommerce is a service commerce platform that empowers over 500,000 global businesses with integrated SaaS solutions.
EverCommerce has successfully acquired DrChrono, enhancing its health solutions with a mobile-first platform tailored for independent practices. This acquisition integrates DrChrono's cloud-based practice management and billing services into EverCommerce's suite, which currently supports over 72,000 customers. DrChrono's platform benefits more than 4,600 practices and 13,000 providers, streamlining operations and improving patient engagement. The strategic move aims to bolster EverCommerce's position in the healthcare sector, enhancing growth potential and operational efficiencies.
EverCommerce Inc. (Nasdaq: EVCM) announced it will withdraw its previously planned public offering of common stock due to unfavorable market conditions. The decision aims to protect the interests of the company and its shareholders. Concurrently, EverCommerce will pursue a $200 million upsize of its existing term loan facility to repay about $190 million outstanding under its revolving credit facility. The funds may also support acquisitions or investments in complementary technologies and solutions.
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