secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001558370-22-012740
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q2 revenues up 13.7% to $119.3M; net loss widens to $5.5M
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- Total revenues $119.3M, up 13.7% YoY; cloud revenue $40.2M, up 25.4%.
- ARR $398.1M, up 18.4% YoY; organic ARR growth 18.0% (up from 17.2% in Q1).
- Net loss $(5.5)M vs net income $0.8M; adjusted EBITDA $17.8M, margin 14.9% vs 18.3%.
- Non-GAAP net income $10.3M, non-GAAP diluted EPS $0.06; net loss per share $(0.04).
- NRR improved to 110% from 106%; AARPC $93,850, up 16.6% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022012740/0001558370-22-012740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022012740/verx-20220809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012740

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