DENVER, April 24, 2025 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its first quarter 2025 financial results after the U.S. financial markets close on Thursday, May 8, 2025. Management will host a conference call on Thursday, May 8 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website (https://i ...

EverCommerce Inc. (NASDAQ:EVCM) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Brad Korch - Senior Vice President & Head, Investor Relations Eric Remer - Chairman & Chief Executive Officer Ryan Siurek - Chief Financial Officer Matt Feierstein - President Evan Berlin - Chief Executive Officer, EverHealth Conference Call Participants Bhavin Shah - Deutsche Bank Alex Sklar - Raymond James Mike Richards - RBC Capital Markets Aaron Kimson - Citizens Kirk Materne - Evercore ISI Op ...

For the quarter ended December 2024, EverCommerce (EVCM) reported revenue of $175 million, up 3.3% over the same period last year. EPS came in at -$0.07, compared to -$0.12 in the year-ago quarter.The reported revenue represents a surprise of +2.97% over the Zacks Consensus Estimate of $169.96 million. With the consensus EPS estimate being -$0.02, the EPS surprise was -250.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Core Viewpoint - EverCommerce reported a quarterly loss of $0.07 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking an earnings surprise of -250% [1] - The company has consistently failed to surpass consensus EPS estimates over the last four quarters [2] Financial Performance - EverCommerce posted revenues of $175 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.97%, compared to $169.44 million in the same quarter last year [2] - The company has topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - EverCommerce shares have declined approximately 16.6% since the beginning of the year, while the S&P 500 has decreased by 4.8% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $174.34 million, and -$0.03 on revenues of $719.91 million for the current fiscal year [7] - The trend of estimate revisions for EverCommerce is mixed, which could change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which EverCommerce belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Earnings Call Presentation Q4 2024 – March 13, 2025 SAFE HARBOR This presentation contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended(the "Exchange Act"). All statements other than statements of historical facts contained in this press release may be f ...

Financial Performance - Revenue grew to $698.8 million for the year ended December 31, 2024, representing a 3.5% increase from $675.4 million in 2023[26] - Adjusted EBITDA reached $177.0 million for the year ended December 31, 2024, up from $155.6 million in 2023[26] - The company estimates an addressable annualized revenue opportunity with existing customers of greater than $5 billion as of December 31, 2024[1] Market Opportunity - The total addressable market (TAM) for current solutions was approximately $1.6 trillion globally in 2023, with $662 billion in North America[31] - Only 9% of the North American service SMB market has been penetrated with fully-integrated software solutions, expected to increase to over 13% by 2025[31] - The service SMB market is estimated to include approximately 456 million businesses globally, with 35 million in North America[30] - Digital payment processing adoption among SMBs increased from less than 50% to nearly 80% in recent years[28] - The company processes an annualized total payment volume of $12.7 billion, with an aggregate annualized payment processing opportunity exceeding $100 billion[38] Customer Base and Growth - As of December 31, 2024, the company served approximately 740,000 customers, with 69% based in the United States and 31% international[46] - The number of customers on the platform increased from approximately 110,000 at the end of 2018 to approximately 740,000 at the end of 2024[1] - The estimated lifetime value of customers is approximately six times the cost of acquiring them[26] Product Development and Strategy - The company introduced EverPro Edge in 2023, aimed at providing targeted business growth and education content to customers[1] - The company plans to continue expanding its product offerings based on insights gained through customer lifecycle analysis[1] - The company aims to improve customer experience and retention by displacing point-solution competitors with integrated digital offerings[1] Acquisitions and Corporate Structure - The company has acquired 53 companies since inception and is tracking over 13,000 potential acquisition opportunities[43] - The company has approximately 2,000 employees operating across six countries, with about 1,500 located in the United States[56] Financial Instruments and Risks - The company has entered into interest rate swap agreements covering $425.0 million of its $532.1 million outstanding under its Term Loan as of December 31, 2024[390] - The Term Loan bears interest at a forward-looking term rate based on SOFR plus an applicable margin of 2.50%[390] - The company executed three interest rate swaps totaling a notional amount of $425 million to convert a portion of the floating rate component of its Term Loan to fixed rates[391] - For every 100 basis point increase in the Adjusted SOFR rate, the company would incur approximately $1.1 million of additional annual interest expense[392] - The company has foreign currency risks related to subsidiaries in Canada, Jordan, the UK, New Zealand, and Australia[393] - A 10% change in the relative value of the U.S. dollar to other foreign currencies is not expected to have a material effect on the company's cash flows and operating results[393] - The company currently does not hedge foreign currency exposure but may consider using currency forward contracts or options in the future[394] Intellectual Property - The company has 140 registered trademarks in the United States and a portfolio of approximately 3,200 registered domain names[62]

Revenue Performance - Revenue for Q4 2024 was $175.0 million, a 3.3% increase from $169.4 million in Q4 2023, with pro forma revenue growth of approximately 7.0%[5] - Subscription and transaction fee revenue reached $139.0 million, up 4.2% from $133.5 million in Q4 2023, with pro forma growth of about 8.9%[5] - Total revenues for the three months ended December 31, 2024, increased to $174,999 thousand, up 3.3% from $169,440 thousand in the same period of 2023[27] - Subscription and transaction fees revenue rose to $139,013 thousand for the three months ended December 31, 2024, compared to $133,469 thousand in 2023, reflecting a growth of 4.1%[27] - Full year 2025 revenue guidance is set between $581 million and $601 million, with Adjusted EBITDA anticipated to be between $167.5 million and $175.5 million[11] Profitability and Loss - Adjusted EBITDA for Q4 2024 was $50.4 million, compared to $43.1 million in Q4 2023, indicating a strong operational performance[5] - The net loss for Q4 2024 was $12.2 million, or ($0.07) per share, an improvement from a net loss of $23.3 million, or ($0.12) per share, in Q4 2023[5] - The net loss for the twelve months ended December 31, 2024, was $41,089 thousand, a decrease from a net loss of $45,620 thousand in 2023[30] - The company reported a comprehensive loss of $47,390 thousand for the twelve months ended December 31, 2024, compared to a comprehensive loss of $43,439 thousand in 2023[27] - The basic and diluted net loss per share attributable to common stockholders for the twelve months ended December 31, 2024, was $0.22, compared to $0.24 in 2023[27] - For the three months ended December 31, 2024, the net loss was $12,233 thousand, compared to a net loss of $23,335 thousand for the same period in 2023[33] Cash and Assets - Cash and cash equivalents increased to $135,782 thousand as of December 31, 2024, from $92,609 thousand in 2023, representing a growth of 46.6%[30] - Total assets decreased to $1,421,268 thousand as of December 31, 2024, down from $1,518,064 thousand in 2023, a decline of 6.4%[25] - Total liabilities decreased to $670,442 thousand as of December 31, 2024, compared to $692,028 thousand in 2023, a reduction of 3.1%[25] Operating Expenses - Operating expenses for the twelve months ended December 31, 2024, totaled $698,513 thousand, an increase from $672,943 thousand in 2023, reflecting a rise of 3.8%[27] - Total depreciation and amortization for the twelve months ended December 31, 2024, was $88,824 thousand, down from $104,201 thousand in 2023, indicating a decrease of about 15%[33] - Stock-based compensation expense for the twelve months ended December 31, 2024, was $26,491 thousand, slightly up from $25,559 thousand in 2023, reflecting an increase of approximately 4%[33] - Transaction-related and other non-recurring costs for the twelve months ended December 31, 2024, totaled $54,531 thousand, significantly higher than $17,695 thousand in 2023, marking an increase of over 200%[33] Strategic Initiatives - The company plans to evaluate strategic alternatives for its marketing technology solutions, expecting a sale within the next twelve months[6] - EverCommerce is focusing on strategic investments in SaaS solutions and embedded payments, including AI initiatives, to drive growth acceleration[3] - The company serves over 740,000 global service-based businesses, providing integrated SaaS solutions across various industries[10] Future Projections - For Q1 2025, revenue is projected to be between $138 million and $141 million, with Adjusted EBITDA expected in the range of $39 million to $41 million[11] - The total adjusted EBITDA for the twelve months ended December 31, 2024, was $177,001 thousand, compared to $155,619 thousand in 2023, showing an increase of about 14%[33] - Interest and other expense, net, for the twelve months ended December 31, 2024, was $35,559 thousand, down from $46,407 thousand in 2023, indicating a decrease of approximately 23%[33] - Income tax benefit for the twelve months ended December 31, 2024, was $5,782 thousand, compared to an expense of $1,639 thousand in 2023, reflecting a positive shift in tax position[33] - Other amortization for the twelve months ended December 31, 2024, increased to $6,903 thousand from $5,738 thousand in 2023, representing a growth of about 20%[33]

DENVER, March 13, 2025 (GLOBE NEWSWIRE) -- EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Revenue of $175.0 million, an increase of 3.3% compared to $169.4 million for the quarter ended December 31, 2023. Pro forma revenue, which excludes fitness solutions, increased approximately 7.0% compared to $163.6 million for the quarter ...

Core Viewpoint - EverCommerce Inc. is evaluating strategic alternatives for its Marketing Technology solutions to focus on its core vertical SaaS offerings, aiming to maximize long-term growth and shareholder value [1][2]. Company Overview - EverCommerce is a leading service commerce platform providing integrated SaaS solutions to over 690,000 service-based businesses globally, enhancing growth and operational efficiency [4]. - The company specializes in various service industries through its brands EverPro, EverHealth, and EverWell, offering end-to-end business management software, embedded payment acceptance, and marketing technology [4]. Strategic Focus - The company’s leadership emphasizes the need to concentrate resources on best-in-class vertical SaaS software with embedded payments, which is seen as crucial for long-term growth and margin improvement [2]. - The Marketing Technology solutions are recognized for their value in lead generation and digital agency capabilities, with a commitment to continue providing exceptional service to small businesses [2]. Sale Process - EverCommerce initiated a review process for its Marketing Technology solutions in late 2024, with expectations for a sale to occur in 2025 [2][3]. - Financial guidance for the fourth quarter of 2024 will exclude the Marketing Technology segment, reflecting the strategic shift [2]. Advisory Support - The company has engaged external financial advisors to assist in the strategic review of its Marketing Technology solutions [3].

Group 1 - EverCommerce Inc. will present at the Citizens JMP Technology Conference in San Francisco on March 3, 2025, at 11:30 a.m. PST [1] - The presentation will be led by CEO Evan Berlin and SVP & Head of Investor Relations Brad Korch [1] - Live webcasts for the conferences will be available through the Investor Relations section of the company's website [1] Group 2 - EverCommerce is a leading service commerce platform that provides vertically-tailored, integrated SaaS solutions [2] - The company serves over 690,000 global service-based businesses, helping them accelerate growth, streamline operations, and increase retention [2] - EverCommerce operates under the brands EverPro, EverHealth, and EverWell, focusing on Home, Health, and Wellness service industries [2] - The company offers end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications [2]