NASDAQ$EVCM

EverCommerce Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

EverCommerce's financial performance increased in Q4 2022, with revenue growth and adjusted EBITDA exceeding expectations.

EverCommerce reported a 19.3% increase in revenue to $161.8 million for Q4 2022, with a net loss of $17.8 million. Adjusted EBITDA was $35.2 million. The company exceeded its Adjusted EBITDA guidance range due to tight cost management.

  • Revenue increased by 19.3% to $161.8 million compared to Q4 2021.
  • Pro forma revenue growth rate was approximately 14.2%.
  • Net loss was $17.8 million, or ($0.09) per share.
  • Adjusted EBITDA was $35.2 million, exceeding guidance.

Headline financials

Total Revenue

$162M

Previous: $136M+19.3%
EPS (adj)

-$0.09

Previous: -$0.02-350.0%
Capital Expenditures

$411K

Previous: $1.17M-64.9%
Free Cash Flow

$26.8M

Previous: $22.6M+18.3%
Net Income

-$17.8M

Previous: -$4.73M-275.7%
Operating Income

-$3.67M

Previous: -$5.75M+36.2%
Gross Profit

$108M

Previous: $92.9M+16.2%
Cash & Equivalents

$92.6M

Previous: $94M-1.5%
Total Assets

$1.59B

Previous: $1.66B-4.3%
Stock-Based Comp

$7.04M

Previous: $5.25M+34.2%

Revenue & EPS history

EverCommerce · Revenue · Quarterly

$162M

Q4 2022+19.3%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

EverCommerce · $129M total across 2 segments · Q4 2022

  • Subscription and transaction fees
    $122M
  • Other
    $6.93M

Forward guidance

EverCommerce provided financial guidance for Q1 2023 and full year 2023, anticipating revenue between $157 million and $160 million for Q1 and between $680 million and $700 million for the full year. Adjusted EBITDA is expected to be between $27 million and $29 million for Q1 and between $134 million and $142 million for the full year.

Tailwinds

  • Revenue is expected to be in the range of $157 million to $160 million for Q1 2023.
  • Adjusted EBITDA is expected to be in the range of $27 million to $29 million for Q1 2023.
  • Revenue is expected to be in the range of $680 million to $700 million for the full year 2023.
  • Adjusted EBITDA is expected to be in the range of $134 million to $142 million for the full year 2023.

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 Q4 2022

Historical avgQ4 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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