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 16 quarters(56%)
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
Q2 2025———
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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