EverCommerce Q1 revenue $161.1M (+12.2% YoY), Adj EBITDA $31.9M beat guidance

EverCommerce Inc.

2023-Q1 EPS reported -$0.11 revenue$161,136,000

Revenue of $161.1M, up 12.2% vs $143.6M in Q1 2022.
Net loss of $20.8M ($0.11/sh) vs net loss of $13.3M ($0.07/sh) year ago.
Adjusted EBITDA of $31.9M, up 39% YoY from $23.0M; exceeded top end of guidance.
Software and Transaction revenue grew approximately 15% year-over-year.
CEO cites significant cost discipline and meaningful margin expansion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EverCommerce Inc. reported the quarter ended March 31, 2023 results: revenue $161.1 million, net income $20.8 million, EPS ($0.11) per basic and diluted share.

Period: the quarter ended March 31, 2023
Revenue: $161.1 million
Net income: $20.8 million
EPS: ($0.11) per basic and diluted share
Result: reported results

Exact text from the filing

(NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Revenue of $161.1 million, an increase of 12.2% compared to $143.6 million for the quarter ended March 31, 2022. • Net loss was $20.8 million, or ($0.11) per basic and diluted share, for the quarter ended

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Source: SEC EDGAR

accession 0001853145-23-000016

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