Evercommerce, Inc. ( (EVCM) ) has released its Q3 earnings. Here is a breakdown of the information Evercommerce, Inc. presented to its investors.
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EverCommerce Inc. is a prominent service commerce platform offering tailored SaaS solutions to over 690,000 service-based businesses globally, primarily in the home, health, and wellness sectors through its EverPro, EverHealth, and EverWell brands. In its third quarter of 2024, EverCommerce reported a revenue increase to $176.3 million, a slight rise from the previous year, with subscription and transaction fee revenues up by 3.7%. However, the company faced a net loss of $9.2 million, which marked a significant increase compared to the same period last year. Despite the net loss, the company’s adjusted EBITDA improved to $44.5 million, reflecting effective execution across its SaaS business lines. Key highlights from the report include a share repurchase of 1.4 million shares and a maintained financial guidance for the upcoming quarter, projecting revenue between $168 million and $172 million. Looking forward, EverCommerce’s management remains focused on transformation and optimization initiatives aimed at accelerating future growth.
