EverCommerce(US:EVCM)2022-11-11 21:30Financial Performance - The company is on pace to meet full-year growth objectives with mid-double digit organic revenue growth[7] - Solid Q3 2022 year-over-year (YoY) growth: 23% reported Revenue growth[7] - Pro Forma Revenue growth was 13% YoY, and 18% LTM YoY[7] - LTM Revenue reached $595 million[8] - LTM Adjusted EBITDA Margin was 19%[9] - Q4 2022 Total Revenue is projected to be between $157 million and $159 million, and Adjusted EBITDA between $32 million and $33 million[27] - FY 2022 Total Revenue is projected to be between $616 million and $618 million, and Adjusted EBITDA between $116 million and $117 million[27] Customer Metrics - The company achieved 100% annualized Net Revenue Retention (NRR) in Q3 2022[7, 11] - Total Payments Volume (TPV) grew 22% YoY in Q3 2022, reaching an estimated annualized $105 billion[7, 9, 11] - Over 70,000 customers are utilizing more than one solution, representing 30% YoY growth[11] Capital Allocation - The company increased its Buyback authorization by $50 million and extended it through YE23[7] - As of September 30, the company had repurchased 21 million shares for $219 million[26] - The company has $782 million remaining for repurchase authorization, and $190 million undrawn revolver capacity[26]