secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001558370-23-008958
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q1 revenue $132.8M (+15.5% YoY), GAAP loss $(18.1)M; non-GAAP EPS $0.08
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- Total revenue $132.8M (+15.5% YoY); software subscription revenue $111.0M (+14.3% YoY).
- ARR $446.5M (+17.3% YoY); AARPC $104,370 (up from $89,700 a year ago).
- GAAP net loss $(18.1)M vs $(0.3)M prior year; non-GAAP net income $12.5M, diluted EPS $0.08.
- Adjusted EBITDA $20.2M (15.2% margin) vs $19.1M (16.6% margin) in Q1 2022.
- Management cites strong new deal momentum with large enterprises; no quantitative guidance change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837023008958/0001558370-23-008958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837023008958/verx-20230510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008958

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