NASDAQ$EVCM

EverCommerce Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter 2022 financial results, exceeding revenue and adjusted EBITDA guidance.

EverCommerce reported strong second quarter results, with revenue of $157.2 million and adjusted EBITDA of $30.7 million, both exceeding previously issued guidance. Management raised its financial guidance for full-year 2022 Revenue and Adjusted EBITDA.

  • Revenue of $157.2 million, exceeding guidance of $152 million to $154 million, a 29.9% increase year-over-year.
  • YoY Pro forma revenue growth rate of 16.1%.
  • Net loss was $12.9 million, or ($0.07) per basic and diluted share.
  • Adjusted EBITDA was $30.7 million, exceeding guidance of $28 million to $29 million, an 11.5% increase year-over-year.

Headline financials

Total Revenue

$144M

Previous: $121M+18.6%
EPS (adj)

-$0.07

Previous: -$0.56+87.5%
Capital Expenditures

-$889K

Previous: -$1.14M+21.7%
Free Cash Flow

-$14.2M

Previous: -$25.5M+44.3%
Net Income

-$13.3M

Previous: -$24.3M+45.3%
Operating Income

-$13.6M

Previous: -$10.8M-25.6%
Gross Profit

-$50.7M

Previous: -$40.9M-24.2%
Cash & Equivalents

$101M

Previous: $199M-49.3%
Total Assets

$1.65B

Previous: $1.49B+11.1%
Stock-Based Comp

$6.51M

Previous: $11.2M-41.9%

Revenue & EPS history

EverCommerce · Revenue · Quarterly

$144M

Q2 2022+18.6%vs Q2 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

EverCommerce · $122M total across 2 segments · Q2 2022

  • Subscription and transaction fees
    $116M
  • Other
    $6.44M

Forward guidance

The Company is issuing financial guidance for the third quarter and full year 2022. For the third quarter 2022, Revenue is expected to be in the range of $159 million to $161 million and Adjusted EBITDA is expected to be in the range of $31.5 million to $32.5 million. For the full year 2022, Revenue is expected to be in the range of $626 million to $630 million and Adjusted EBITDA is expected to be in the range of $123 million to $125 million.

Tailwinds

  • Revenue is expected to be in the range of $159 million to $161 million for Q3 2022.
  • Adjusted EBITDA is expected to be in the range of $31.5 million to $32.5 million for Q3 2022.
  • Revenue is expected to be in the range of $626 million to $630 million for full year 2022.
  • Adjusted EBITDA is expected to be in the range of $123 million to $125 million for full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.4%

Avg return

Earnings day

-3.8%

Avg return

5 days after

-4.1%

Avg return

30 days after

57%

13 / 23 earnings

Positive

+19.7%

Q4 2022

Best reaction

-19.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.1%-8.3%-16.9%
Q4 2025-16.5%-16.4%-9.4%
Q3 2025-19.2%-26.7%-14.2%
Q1 2025+6.9%+3.5%-0.9%
Q4 2024+4.6%+12.0%+12.7%
Q3 2024-8.3%-8.5%-1.1%
Q2 2024-5.2%-6.7%-2.1%
Q1 2024+2.3%+5.3%-4.4%
Q4 2023-11.1%-6.1%-8.0%
Q3 2023-15.3%-17.2%+0.3%
Q2 2023+3.2%-0.6%-5.9%
Q1 2023+3.2%-6.3%-6.9%
Q4 2022+19.7%+10.9%+26.9%
Q3 2022-11.6%-12.8%-19.6%
Q2 2022+0.3%+1.4%-5.4%
Q4 2021+2.7%-1.5%+10.8%
Q4 2019-2.0%-4.1%+4.1%
Q3 2020-0.1%+1.5%-20.3%
Q3 2021+7.8%+2.7%-15.5%
Q4 2020+1.7%-2.5%-4.8%
Q2 2020+1.7%-2.5%-4.8%
Q1 2021+1.7%-2.5%-4.8%
Q2 2021-5.4%-2.7%-3.7%
Q1 2020

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