Vertex Q3 revenue $126.2M (+14% YoY), beats guidance; cloud revenue +31%

Vertex, Inc.

Total revenues $126.2M (+14% YoY); cloud revenues $43.8M (+31.3% YoY).
ARR $411.5M (+16.6% YoY); AARPC $97,300, up 17.4% from $82,900.
Non-GAAP net income $13.0M ($0.08 diluted EPS) vs net loss of $3.9M a year ago.
Loss from operations improved to $(0.9)M from $(3.6)M; Adjusted EBITDA $20.7M, margin 16.4%.
CFO says results exceeded Q3 guidance for both revenue and Adjusted EBITDA.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vertex, Inc. reported the third quarter ended September 30, 2022 results: revenue $126.2 million, net income $(1.1) million, EPS $(0.01).

Period: the third quarter ended September 30, 2022
Revenue: $126.2 million
Net income: $(1.1) million
EPS: $(0.01)
Result: reported results

Exact text from the filing

reflect the strength of our business, the talent of our team, and the diversity of our world-class customer base. Third Quarter 2022 Financial Results ● Total revenues of $126.2 million, up 14.0% year-over-year. ● Software subscription revenues of $106.4 million, up 15.3% year-over-year. ● Cloud revenues of $43.8 million, up 31.3% year-over-year. ● Annual

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Vertex, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-017007

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