Workflow
Thryv(THRY)
icon
Search documents
Thryv(THRY) - 2023 Q4 - Earnings Call Presentation
2024-02-22 15:34
Investor Presentation @2024 Thryv, Inc. All Rights Reserver Market data and industry information used throughout this Presentation are based on management's knowledge of the industry and the good fatth estimates of management. We also relied, to the extent available, upon management's review of independent incustry surveys and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this Presentation involves a ...
Thryv(THRY) - 2023 Q4 - Annual Report
2024-02-22 12:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35895 THRYV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2740040 (State or other jur ...
Thryv(THRY) - 2023 Q4 - Annual Results
2024-02-22 12:30
Exhibit 99.1 Thryv Grows SaaS Revenue 25% in Fourth Quarter 2023, Exceeds Full Year SaaS Guidance DALLAS, February 22, 2024 – Thryv Holdings, Inc. (NASDAQ:THRY) ("Thryv" or the "Company"), the provider of Thryv®, the leading small business software platform, reported SaaS revenue growth of 25% year- over-year in the fourth quarter of 2023. "We are proud to announce robust fourth-quarter and full-year results, marking another successful year for Thryv," said Joe Walsh, Thryv Chairman, and CEO. "We surpassed ...
Thryv(THRY) - 2023 Q3 - Earnings Call Transcript
2023-11-05 12:30
Financial Data and Key Metrics Changes - The company generated approximately $7 million in adjusted EBITDA and $37 million in cash flow for Q3 2023, indicating strong cash management despite a light revenue recognition period [3] - Third quarter consolidated adjusted gross margin was 60%, with adjusted EBITDA of $7.3 million, representing an adjusted EBITDA margin of 4% [9] - The net debt position was $377 million at the end of Q3, with a leverage ratio of 1.8x net debt to EBITDA, well below the covenant of 3x [9] Business Line Data and Key Metrics Changes - SaaS revenue grew 19% year-over-year to $67.4 million, with an adjusted gross margin of approximately 67% [21][23] - SaaS subscribers increased to approximately 66,000, a 29% year-over-year growth, while ARPU decreased by 3% to $365 [8] - Marketing Services billings were $159.5 million, reflecting a 19% decline year-over-year [9] Market Data and Key Metrics Changes - The international business is developing positively, with all centers now available in all markets, contributing to optimism for future growth [11] - The company is facing FX pressure, particularly in Australia and New Zealand, impacting the Marketing Services outlook [10][80] Company Strategy and Development Direction - The company is focusing on its SaaS business, aiming for it to become the predominant revenue stream, with expectations of approaching 40% of total revenue next year [59] - A new commission structure for the Marketing Services sales force is being implemented to drive higher productivity and growth in the SaaS business [10][80] - The introduction of the Marketing Center is expected to enhance customer engagement and facilitate upselling opportunities [28][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects of the SaaS business, anticipating revenue growth acceleration and margin expansion [12][24] - The macroeconomic environment remains challenging, but management believes there will be an acceleration in SaaS growth due to the full platform being sold in all markets [16][77] Other Important Information - The company has made $105 million in year-to-date term loan debt repayments in 2023, indicating a commitment to strengthening the balance sheet [9] - Approximately 8.3 million warrants expired unexercised, with minimal dilution and $15.8 million generated for debt paydown [26] Q&A Session Summary Question: What contributed to the strong net new customer additions in the SaaS business this quarter? - Management noted that the Marketing Center's closer alignment with customer needs has driven traction, and many new customers signed up at lower introductory prices, which is expected to improve ARPU over time [14] Question: Can you elaborate on the FX pressure affecting Marketing Services? - The FX pressure primarily relates to operations in Australia and New Zealand, and the company is restructuring its sales force to enhance productivity [15][80] Question: What is the outlook for Marketing Services EBITDA in 2024? - Management indicated that while there may be a slight recovery in Marketing Services due to more books being published, the focus will remain on growing the SaaS business [53][80] Question: How does the Command Center fit into the overall strategy? - The Command Center is still in beta, and while it has generated user interest, significant revenue is not expected until later periods as the company focuses on delivering value first [36][69] Question: What is the potential for further adoption of the Marketing Center within existing customers? - Management is optimistic about the potential for deeper penetration within the existing customer base, with nearly 400,000 customers and significant room for growth [39][81]
Thryv(THRY) - 2023 Q3 - Quarterly Report
2023-11-02 11:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35895 THRYV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2740040 (State or ...
Thryv(THRY) - 2023 Q2 - Earnings Call Presentation
2023-08-06 04:19
thryv Exhibit 99.2 This Presentation may include certain forward-looking statements, including, without limitation, statements concerning the conditions of our industry and our operations, performance, and financial condition, including, in particular, statements relating to our business, growth strategies, product development efforts, and future expenses. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "eximates," "expects," targets," ta ...
Thryv(THRY) - 2023 Q2 - Earnings Call Transcript
2023-08-06 04:19
Thryv Holdings, Inc. (NASDAQ:THRY) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Cameron Lessard - Head, Investor Relations Joe Walsh - Chairman and CEO Paul Rouse - Chief Financial Officer Ryan Cantor - Chief Product Officer Conference Call Participants Arjun Bhatia - William Blair Scott Berg - Needham & Company Patrick Schulz - Baird Zach Cummins - B. Riley Securities Daniel Moore - CJS Operator Thank you for standing by. My name is Anna, and I will be your conference ope ...
Thryv(THRY) - 2023 Q2 - Quarterly Report
2023-08-03 11:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35895 THRYV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2740040 (State or other ...
Thryv(THRY) - 2023 Q1 - Earnings Call Transcript
2023-05-06 23:23
Thryv Holdings, Inc. (NASDAQ:THRY) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Cameron Lessard - Head, IR Joe Walsh - Chairman and CEO Paul Rouse - CFO Elise Balsillie - CRO Conference Call Participants Rob Oliver - Baird Arjun Bhatia - William Blair Scott Berg - Needham & Company Zach Cummins - B. Riley Securities Ross Kesselman - CJS Securities Operator Hello. My name is Chris, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Thr ...
Thryv(THRY) - 2023 Q1 - Quarterly Report
2023-05-04 11:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35895 THRYV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2740040 (State or othe ...