Financial Performance - EverCommerce reported first quarter 2025 revenue of $142.3 million, a 3.2% increase from $137.9 million in the same quarter of 2024. Pro Forma Revenue, excluding fitness, increased by 7.4% to $142.3 million compared to $132.4 million for the quarter ended March 31, 2024 [9] - Subscription and transaction fees revenue from continuing operations was $137.8 million, up 3.3% from $133.4 million for the same quarter in 2024. Pro Forma subscription and transaction fees revenue, excluding fitness, increased by 7.6% to $137.8 million compared to $128.1 million for the quarter ended March 31, 2024 [9] - Net income from continuing operations was $0.9 million, or $0.01 per share, for the quarter ended March 31, 2025, compared to a net loss of $16.0 million, or $(0.09) per share, for the same quarter in 2024 [9] - Adjusted EBITDA from continuing operations was $44.9 million for the quarter ended March 31, 2025, compared to $38.7 million for the same quarter in 2024 [9] Share Repurchase Program - On May 1, 2025, the Board of Directors approved a $50 million increase in the stock repurchase authorization, extending it through December 31, 2026, allowing for a total of up to $250 million in share purchases since the program began [4] - The company repurchased and retired 1.1 million shares for approximately $11.2 million during the three months ended March 31, 2025, with $21.6 million remaining available under the repurchase program as of March 31, 2025 [5] Business Outlook - For the second quarter of 2025, revenue is expected to be in the range of $144.5 million to $147.5 million, with Adjusted EBITDA expected to be between $39.5 million and $41.5 million [10] - For the full year 2025, revenue is projected to be between $581 million and $601 million, with Adjusted EBITDA expected to range from $167.5 million to $175.5 million [15] Company Overview - EverCommerce is a leading service commerce platform providing vertically-tailored, integrated SaaS solutions to over 740,000 global service-based businesses, focusing on Home, Health, and Wellness service industries [13]

Financial Data and Key Metrics Changes - For Q4 2024, GAAP revenue increased by 3.3% year over year, with pro forma revenue growth of 7% after adjusting for the sale of fitness solutions [11][33] - Adjusted EBITDA for Q4 was $50.4 million, representing a margin of 28.8%, which is an increase from 25.4% in Q4 2023 [34] - Total payment volume (TPV) for Q4 was approximately $12.6 billion, reflecting a 9% year-over-year growth [29] Business Line Data and Key Metrics Changes - Payments revenue, excluding fitness solutions, grew by 8.9% year over year, driven by a 9% growth in TPV [12][28] - Subscription and transaction revenue for Q4 was $139 million, up 4.2% from the prior year, while marketing technology solutions revenue decreased by 1.6% to $29.6 million [31] - Subscription transaction revenue grew by 8.4% year over year, contributing to overall revenue growth [16] Market Data and Key Metrics Changes - The company serves over 740,000 customers across three major verticals, with a customer count growth of more than 7% over the past year [14][63] - The two main verticals, EverPro and EverHealth, represent approximately 95% of consolidated revenue, indicating a strong market position [19] Company Strategy and Development Direction - The company is focusing on becoming a pure-play SaaS and embedded payments platform, emphasizing vertical SaaS software with embedded payments [13][18] - Strategic alternatives for marketing technology solutions are being explored, with the intent to divest in 2025 [8][9] - The company aims to enhance customer value through improved product offerings and increased payment adoption [24][68] Management's Comments on Operating Environment and Future Outlook - Management noted no discernible macroeconomic impacts on customer acquisition or churn trends at this time [46][48] - The focus remains on providing integrated solutions and enhancing customer engagement to drive retention and acquisition [60][64] - Guidance for Q1 2025 expects total revenue of $138 to $141 million and adjusted EBITDA of $39 million to $41 million [42] Other Important Information - The company generated significant free cash flow, with cash flow from operations for Q4 at $48.4 million, compared to $36 million in Q4 2023 [37] - The company ended the quarter with $136 million in cash and cash equivalents, maintaining a strong liquidity position [38] Q&A Session Summary Question: Update on customer health and macro impacts - Management indicated no current discernible impacts on acquisition utilization or churn trends, monitoring key indicators closely [46][47] Question: Expansion on partnerships and channel optimization - Partnerships are a key component of customer acquisition, with digital efforts being the primary driver [51][53] Question: Factors contributing to customer count acceleration - New customer acquisition was driven by digital efforts and increased investments in partnerships [58][60] Question: Guidance philosophy and growth acceleration levers - The company feels confident in its guidance, focusing on sustainable organic growth and strategic acquisitions [75][76] Question: Investments in the payments platform and adoption frictions - Investments are being made to address inertia in customer adoption and to enhance payment workflows [80][82] Question: Payments opportunity in EverHealth compared to EverPro - The opportunity in EverHealth is smaller but still significant, with a focus on patient payments and integrated solutions [88][89] Question: Customer count modeling for 2025 - Approximately 15,000 customers are expected to be added, with more details to be provided in the next quarter [91]

Core Insights - Rigetti Computing, Inc. reported a quarterly loss of $0.08 per share, consistent with the Zacks Consensus Estimate, and an improvement from a loss of $0.09 per share a year ago [1] - The company's revenues for the quarter ended December 2024 were $2.27 million, missing the Zacks Consensus Estimate by 5.25% and down from $3.38 million year-over-year [2] - Rigetti Computing shares have declined approximately 48.5% year-to-date, contrasting with the S&P 500's decline of 1.8% [3] Earnings Outlook - The future performance of Rigetti Computing's stock will largely depend on management's commentary during the earnings call and the earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $2.59 million, and for the current fiscal year, it is -$0.28 on revenues of $15.32 million [7] Industry Context - The Internet - Software industry, to which Rigetti Computing belongs, is currently ranked in the bottom 48% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]