secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001558370-24-011204
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q2 revenue $161.1M (+15.3% YoY); GAAP net income positive for third straight quarter
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- Revenue $161.1M, up 15.3% YoY; cloud revenue $66.3M, up 29.6%.
- GAAP net income $5.2M vs loss $(6.9M) in prior year; diluted EPS $0.03 vs $(0.05).
- Adjusted EBITDA $38.5M (margin 23.9%) vs $22.0M (15.7%) prior year.
- ARR grew 17.3% YoY to $548.4M; Net Revenue Retention 110%.
- Announced intent to acquire ecosio, an e-invoicing/EDI company based in Austria.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024011204/0001558370-24-011204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024011204/verx-20240807x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011204

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