secwatch.observer — SEC 8-K summary
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Issuer:     EverQuote, Inc. (EVER)
CIK:        0001640428
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001193125-21-315381
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EverQuote Q3 revenue up 20% to $107.6M, but cuts FY guidance sharply on auto headwinds
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- Revenue $107.6M (+20% YoY); GAAP net loss widened to $5.3M from $3.2M; Adj EBITDA fell to $2.7M from $5.2M.
- FY2021 revenue guidance lowered to $410-415M (from $440-446M); Adj EBITDA cut to $12.5-15.5M (from $23-26M).
- Q4 2021 guidance: revenue $93.5-98.5M, Adj EBITDA ($1.5)-$1.5M; VMM $30.5-33.5M.
- Company conducted ~10% reduction in non-marketing OpEx and shifted to new organizational model.
- Closed PolicyFuel acquisition (auto DTC agency); auto vertical challenged, non-auto/health expected to perform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640428/000119312521315381/0001193125-21-315381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640428/000119312521315381/d226681d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-315381

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer