secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001558370-22-007956
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q1 revenue up 17% to $115M; cloud revenue up 42% YoY
-----------------------------------------------------------

- Total revenues of $115.0M, up 17% YoY; cloud revenue $38.3M, up 42.1%.
- ARR of $380.6M, up 18.9% YoY; NRR rate 110% (up from 105% in Q1 2021).
- GAAP net loss of $0.3M vs net income of $2.3M; Non-GAAP net income $12.1M, EPS $0.08.
- Adjusted EBITDA of $19.1M (16.6% margin) vs $18.2M (18.5% margin) prior year.
- Refinanced credit facility; 4,242 customers at March 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022007956/0001558370-22-007956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022007956/verx-20220510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007956

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