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Overview
Thryv Holdings Inc is a company with a rich legacy in marketing and advertising, evolving to serve the needs of local, independent service-based businesses and emerging franchises. The company utilizes a cloud-based software platform and an integrated marketing solutions suite, combining state-of-the-art SaaS capabilities with comprehensive traditional and digital marketing services. By leveraging advanced artificial intelligence (AI) tools and automation, Thryv empowers small and medium-sized businesses (SMBs) to attract new leads, manage customer relationships efficiently, and streamline operational processes.
Business Segments
Thryv Holdings Inc operates through two primary business segments that synergize to provide a holistic solution for SMBs:
- Thryv SaaS: This segment offers an all-in-one small business management software that integrates scheduling, customer relationship management (CRM), invoicing, and more. Powered by cloud technology and AI-driven analytics, the software is designed to simplify day-to-day operations, enabling business owners to focus on growth and customer engagement.
- Thryv Marketing Services: Complementing its SaaS platform, Thryv Marketing Services delivers both digital and print marketing solutions. These services include website design, mobile marketing, social media management, and search engine optimization (SEO) methods that help local businesses increase visibility and engage with their target audiences effectively.
Technological Integration and AI Capabilities
The company stands out by seamlessly fusing advanced technology with marketing acumen. Its cloud-based platform not only ensures robust operational support but also integrates AI-powered tools that analyze data, automate routine tasks, and provide actionable insights. This approach enables SMBs to make informed decisions, optimize customer interactions, and allocate resources strategically. The intelligent automation embedded in the platform minimizes human error and maximizes operational efficiency, positioning the company as a valuable partner for businesses looking to thrive in a fast-paced digital environment.
Market Position and Competitive Landscape
Thryv Holdings Inc occupies a significant position within the competitive landscape of business management and digital marketing. By offering integrated solutions that target both business operations and marketing, the company addresses two critical components of SMB success. Its competitive advantage lies in the consolidation of disparate functions—ranging from lead generation and customer engagement to operational management—into a single, cohesive platform. This unique dual-focus not only differentiates Thryv from purely software-based or traditional marketing firms but also creates a comprehensive ecosystem that caters to the multifaceted needs of local businesses.
Customer Base and Industry Dynamics
The company is dedicated to supporting local entrepreneurs, independent service providers, and emerging franchises across various regions. Its solutions are designed with the specific challenges of SMBs in mind, such as limited time, budget constraints, and the need for rapid adaptation to digital trends. By alleviating common operational hurdles, Thryv helps businesses compete with larger entities and adapt to the ever-changing digital marketing landscape. The platform’s intuitive interface, backed by cloud technology, ensures that even businesses with limited technical expertise can benefit from modern business management tools and marketing strategies.
Comprehensive Software and Marketing Solutions
At its core, Thryv Holdings Inc represents the intersection of technology and marketing, making advanced tools accessible to smaller enterprises. The company’s SaaS solution consolidates routine administrative tasks, such as appointment scheduling, billing, and customer follow-ups, while its marketing services generate brand awareness and drive customer acquisition through effective online and offline channels. This dual offering not only streamlines the operational complexities faced by SMBs but also integrates marketing efforts that are critical for building customer trust and brand loyalty.
Operational Excellence and Innovation
Thryv demonstrates operational excellence by continually refining its platform with the latest technological advancements. Leveraging cloud computing ensures that its solutions are both scalable and secure. Furthermore, the incorporation of AI and automation within the system allows for predictive analytics and personalized customer interactions, which are essential in today’s service-driven business environment. The company’s commitment to integrating new technological innovations has continually enhanced its platform’s usability and reliability, reinforcing its reputation as a trusted partner among local business owners.
Industry-Specific Expertise and Value Proposition
With decades of industry experience, Thryv Holdings Inc brings a wealth of knowledge to the marketing and business operations sectors. Its expertise is evident in its nuanced understanding of the challenges faced by local businesses and its tailored approach to solving them. By combining a robust SaaS platform with comprehensive marketing strategies and actionable analytics, Thryv not only streamlines business operations but also facilitates a higher level of customer engagement. This integrated solution has enabled many small enterprises to consolidate their operational tasks and marketing efforts under one reliable platform, thereby enhancing overall business efficiency and competitiveness.
Key Differentiators and Industry Relevance
Several factors distinguish Thryv Holdings Inc in its market segment. Firstly, the company’s ability to merge technological innovation with traditional marketing approaches creates a dynamic, all-encompassing service offering. Secondly, its focus on the specific needs of local, independent service-based businesses ensures that its solutions are both practical and effective. Lastly, the use of AI and automation helps mitigate the common obstacles that small businesses face, thereby playing a crucial role in driving operational excellence and customer satisfaction. These elements collectively contribute to Thryv’s strong market relevance and its continued adoption by businesses seeking to modernize their operations.
Conclusion
In summary, Thryv Holdings Inc is a multifaceted company that provides a comprehensive platform designed to support the operational and marketing needs of local businesses. Its innovative blend of cloud-based SaaS solutions and integrated marketing services, enriched with AI capabilities, positions it as a significant contributor to the digital transformation of SMBs. By addressing the dual challenges of day-to-day operations and customer engagement, Thryv offers an invaluable resource for businesses aiming to remain competitive in today’s dynamic market. The company’s well-rounded approach, marked by operational excellence and technological innovation, makes it a noteworthy participant in the evolving landscape of business management and digital marketing.
Thryv Holdings (NASDAQ:THRY) released preliminary Q3 2024 results, reporting SaaS revenue between $86-88 million, up from $67 million year-over-year. SaaS Gross Margin improved to 69-70% from 64%. However, the company expects a net loss of $95-97 million, including an $83 million non-cash goodwill impairment charge in the Marketing Services segment. SaaS Adjusted EBITDA is projected at $10-11 million, compared to -$1 million in Q3 2023. The company's client base grew to 96,000-97,000, up from 66,000, with improved client retention at approximately 100%.
Thryv Holdings (NASDAQ: THRY) announced a $75.0 million public offering of common stock, with an additional 15% option granted to underwriters for a 30-day period. The company plans to use the proceeds to partially fund its previously announced acquisition of Infusion Software (Keap). RBC Capital Markets is serving as the sole book-running manager, offering shares through various channels including Nasdaq and over-the-counter markets. The offering will be conducted under Thryv's effective shelf registration statement on Form S-3ASR.
Thryv Holdings (NASDAQ: THRY) has signed a definitive agreement to acquire Keap for $80 million in cash. Keap, a provider of CRM and marketing automation solutions for SMBs, generated approximately $85 million in revenue during the trailing twelve months through June 2024. The acquisition will establish Thryv as a market leader with total SaaS revenue exceeding $400 million in recurring revenue. The combined entity will have over 100k SaaS subscriptions, expanding Thryv's presence in North America, Europe, and Australia. The transaction is expected to close in Q4 2024, funded through equity financing and existing credit facility.
Thryv (NASDAQ: THRY) has introduced AI-enhanced social media capabilities into its Thryv Marketing Center™, addressing the needs of small businesses who see social media as a key area for AI impact. The new Social Media Management Tool connects various social platforms, allowing businesses to manage their online presence efficiently.
Key features include:
- AI-generated social content with customizable captions
- A content library organized by topic
- Content recommendations with integrations for articles and images
- Social scheduling capabilities
- Engagement tracking across all connected channels
This tool aims to simplify social media marketing for small businesses, helping them create and manage content effectively without constant online presence. Thryv's Chief Product Officer, Rees Johnson, emphasizes the importance of social media in customer engagement and how this AI-enhanced tool addresses the time and creativity constraints faced by small businesses.
Thryv Holdings, Inc. (NASDAQ:THRY), a leading provider of small business software, has announced the release of its third quarter 2024 financial results on Thursday, November 7, before the market opens. The company will host a conference call at 8:30 a.m. ET to discuss the results with investors.
To participate in the conference call, interested parties can register using the provided link or visit Thryv's Investor Relations website. A live webcast will also be available on the company's Investor Relations section. After the event, downloadable files of the press release and an audio replay will be accessible on Thryv's website.
Thryv Holdings (NASDAQ:THRY), the provider of the leading small business software platform Thryv®, has announced an Analyst Day scheduled for Tuesday, December 3, 2024. The event will begin at 9 a.m. ET in New York City at the NASDAQ Marketsite.
During this event, the Thryv team will present to the investment community, covering topics such as business performance, outlook, and key strategic priorities. Presenters will include Chairman & CEO Joe Walsh, President Grant Freeman, CFO Paul Rouse, and other executive team members.
For those unable to attend in person, a live webcast of the event and presentation materials will be accessible on Thryv's Investor Relations page at investor.thryv.com. Interested parties can register to attend through the provided link.
Thryv Holdings, the provider of the leading small business software platform Thryv®, announced its participation in the B. Riley Securities' 2024 Consumer & TMT Conference. The event is scheduled for September 12, 2024, in New York City. Members of Thryv's management team will be hosting meetings during the conference.
This participation highlights Thryv's engagement with investors and industry professionals. The conference provides an opportunity for Thryv to showcase its software platform and discuss its position in the small business technology market. As a NASDAQ-listed company (THRY), Thryv's presence at such events can be significant for investors and market analysts tracking the technology and small business sectors.
Thryv Holdings (NASDAQ:THRY) reported strong Q2 2024 results, with SaaS revenue growing 25% year-over-year to $77.8 million. The company saw a 52% increase in SaaS subscribers, reaching 85,000 clients. Despite this growth, total revenue decreased 11% to $224.1 million due to a 23% decline in Marketing Services revenue.
Key financial highlights include:
- Consolidated net income of $5.5 million ($0.15 per diluted share)
- Consolidated Adjusted EBITDA of $59.3 million (26.5% margin)
- SaaS Adjusted EBITDA of $10.2 million (13.1% margin)
- ThryvPay total payment volume increased 34% year-over-year to $80 million
Thryv raised its full-year 2024 SaaS Adjusted EBITDA guidance and projects Q3 2024 SaaS revenue between $82-$84 million.
Thryv (NASDAQ: THRY), a leading small business software platform provider, has been named to Selling Power's 60 Best Companies to Sell For list for the seventh consecutive year. This recognition highlights Thryv's commitment to supporting small businesses and its sales team excellence. The ranking is based on five key areas: company overview, compensation and benefits, hiring and training, diversity and inclusion, and AI incorporation in sales processes.
Thryv's Chief Revenue Officer, Jim McCusker, emphasized the company's dedication to helping SMBs modernize operations and grow in a competitive environment. The recognition underscores Thryv's focus on expertly trained sales staff, client success managers, and evolving software offerings.
Thryv Holdings, a provider of small business software platforms, will release its second quarter 2024 financial results on Thursday, August 1, before the market opens. This announcement will be followed by a conference call at 8:30 a.m. ET to discuss the results. Interested parties can register for the call through a link on Thryv's Investor Relations website, where a confirmation email with dial-in details and a unique entry code will be provided. Additionally, a live webcast and downloadable files of the press release and call replay will be available on the same website.
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