TaskUs, Inc. - TASK STOCK NEWS

TaskUs announced key leadership appointments aimed at strengthening its growth strategy. Claudia Walsh is named General Counsel, bringing over 17 years of experience, including roles at Alphabet and Facebook. Stephan Daoust joins as Chief Operating Officer, focusing on enhancing client experiences and operational efficiency. Rajnish Sinha, as Chief People Officer, will prioritize talent acquisition and employee culture. With approximately 35,600 employees globally, these appointments reflect TaskUs's commitment to innovation in the digital customer experience sector.

TaskUs announced the completion of an upsized public offering of 12,077,480 shares of Class A common stock at a price of $63.50 per share, yielding proceeds exceeding $766.9 million for selling stockholders. TaskUs did not participate in this sale and received no proceeds. The offering allows underwriters a 30-day option to purchase an additional 1,811,622 shares. Goldman Sachs and J.P. Morgan acted as lead book-running managers. This press release emphasizes TaskUs's role in providing digital services to innovative technology companies.

TaskUs, Inc. (NASDAQ: TASK) will announce its third quarter 2021 financial results on November 10, 2021, after market close. Management will host a conference call at 5:00 p.m. ET to discuss these results. Interested parties can participate via a toll-free dial-in or live webcast. As of June 30, 2021, TaskUs employs approximately 31,500 people across various global locations, providing outsourced digital services for high-growth sectors such as social media, e-commerce, and health technology.

TaskUs announced a public offering of 12,077,480 shares of Class A common stock at $63.50 per share, up from a previous offering of 10 million shares. The offering, set to close on October 25, 2021, is conducted by selling stockholders, with underwriters granted a 30-day option to purchase an additional 1,811,622 shares. TaskUs will not sell shares or receive proceeds from this offering and is responsible for associated costs. Goldman Sachs and J.P. Morgan are lead book-running managers, while other firms are co-managers.

TaskUs announced an underwritten public offering of 10,000,000 shares of its Class A common stock by certain stockholders. The underwriters may purchase an additional 1,500,000 shares within 30 days. TaskUs will not sell any shares nor receive proceeds from the offering. The company is responsible for the associated costs, excluding underwriting discounts. Goldman Sachs and J.P. Morgan are the lead underwriters for this offering. A registration statement has been filed with the SEC, which must be effective before any securities can be sold.

TaskUs reported Q2 2021 revenues of $180.0 million, a remarkable 57.4% year-over-year organic growth. The company's GAAP net income margin stood at -58.9%, primarily due to a significant one-time expense of $129.4 million related to phantom stock bonuses and other IPO-related costs. Adjusted EBITDA margin was 24.5%, with non-GAAP adjusted net income margin at 17.4%.

TaskUs anticipates a full-year revenue outlook between $705 million and $709 million, reflecting a growth rate of approximately 48% at the midpoint.

TaskUs, Inc. (Nasdaq: TASK) will release its second quarter 2021 financial results on August 10, 2021, after market close. A conference call hosted by management will follow at 5 p.m. ET to discuss these results. Investors can join the call via US toll-free number (844) 721-1080 or international number (929) 517-0923 using conference ID 9548709. The live webcast will be available on the TaskUs investor relations website, with a replay lasting 90 days. TaskUs specializes in outsourcing digital services and customer experience for high-growth technology companies.

TaskUs announced the pricing of its initial public offering (IPO) of 13,200,000 shares of Class A common stock at $23.00 per share. The shares will trade on Nasdaq under the symbol TASK, with the offering expected to close on June 15, 2021. Proceeds will be used to pay approximately $127.4 million for vested phantom shares for certain employees. An additional 1,980,000 shares may be purchased by underwriters within 30 days. TaskUs provides outsourced digital services to technology companies, employing around 27,500 staff globally.