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

Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001558370-23-014081
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q2 revenue $139.7M (+17.1% YoY); cloud revenue up 27.3%
--------------------------------------------------------------

- Net loss of $6.9M ($0.05 loss per share); non-GAAP diluted EPS of $0.08.
- Cloud revenue $51.2M (+27.3% YoY); ARR $467.7M (+17.5% YoY).
- NRR hit record 111% (vs. 110% a year ago); AARPC rose to $109,170.
- Adjusted EBITDA $22.0M (15.7% margin), vs. $17.8M (14.9%) in Q2 2022.
- CEO cites highest YoY adjusted EBITDA growth since IPO in mid-2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837023014081/0001558370-23-014081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837023014081/verx-20230809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014081

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