secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001558370-24-005432
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q1 prelim: revenue $155.5-$157.5M (+17-19% YoY), net income $2.4-3.1M; proposes $250M notes
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- Q1 2024 revenue expected $155.5-$157.5M, up 17-19% from $132.8M in Q1 2023.
- Net income expected $2.4-$3.1M vs net loss of $18.1M in prior year quarter.
- Adjusted EBITDA expected $35.5-$37.5M, up 76-86% from $20.2M in Q1 2023.
- ARR expected $523.5-$525.5M (+17-18% YoY); net revenue retention 111-113%.
- Proposes $250M convertible notes due 2029; grants initial purchasers option for additional $37.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/0001558370-24-005432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/verx-20240419x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005432

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