secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017007
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022017007/0001558370-22-017007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837022017007/verx-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017007

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