earnings
confidence high
sentiment positive
materiality 0.75
Vertex Q3 2021 revenue $110.7M (+17% YoY), cloud revenue up 45.6%, net loss narrows to $3.9M
Vertex, Inc.
- Total revenues $110.7M (+17% YoY); subscription revenue $92.3M (+15.7%).
- Cloud revenue $33.3M (+45.6% YoY); ARR $352.9M (+15.1%).
- Net loss $(3.9)M vs $(21.0)M prior year; Non-GAAP net income $13.2M, diluted EPS $0.08.
- Adjusted EBITDA $21.4M (19.3% margin) vs $22.5M (23.8% margin) prior year.
- NRR 106%; AARPC $82,900; 4,258 customers.