The chart below shows how EVCM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVCM sees a +3.72% change in stock price 10 days leading up to the earnings, and a -0.99% change 10 days following the report. On the earnings day itself, the stock moves by -0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Exceeds Guidance: GAAP revenue increased 3.3% year over year, exceeding the top end of guidance range.
Pro Forma Revenue Growth: On a pro forma basis, revenue increased 7% year over year, indicating strong underlying growth.
EBITDA Margin Expansion: Adjusted EBITDA of $50.4 million beat guidance, representing a 28.8% margin, with a year-over-year margin expansion of nearly 340 basis points.
Payments Revenue Growth: Payments revenue, excluding fitness solutions, grew 8.9% year over year, driven by 9% growth in total payment volume (TPV).
Customer Growth Achievement: Customer count grew by more than 7% over the past year, reaching over 740,000 customers, showcasing strong market presence.
Pro Forma Revenue Growth: Pro forma revenue for 2024 was $690.7 million, representing a 5.7% year-over-year growth, indicating solid performance.
Subscription Revenue Growth: Subscription transaction revenue grew 8.4% year over year, reflecting effective growth strategies.
Payment Volume Growth: Annualized total payment volume (TPV) expanded to over $12.6 billion, representing a 9% year-over-year growth, highlighting strong payment adoption.
Strategic Marketing Alternatives: The company is focusing on strategic alternatives for marketing technology solutions, which is expected to enhance focus on core SaaS and payments business.
Leadership Team Enhancement: The leadership team has been strengthened with new appointments, enhancing the company's operational capabilities and growth potential.
Negative
Earnings Performance Shortfall: EverCommerce Inc. reported a loss of $-0.07 EPS, missing expectations of $0.02 EPS, indicating a significant shortfall in earnings performance.
Marketing Technology Revenue Decline: The marketing technology solutions revenue decreased by 1.6% year-over-year, highlighting a decline in this segment of the business.
Modest Revenue Growth: Despite a reported revenue increase of 3.3%, the overall growth was modest and may not meet investor expectations for a tech company.
Operating Expenses Increase: The adjusted operating expenses increased slightly as a percentage of revenue from 41.9% to 42.1%, suggesting rising costs that could impact profitability.
Strategic Alternatives Exploration: The company is actively seeking strategic alternatives for its marketing technology solutions, indicating potential instability or restructuring within that segment.
Net Leverage Concerns: The total net leverage was approximately 2.2 times, which may raise concerns about the company's debt levels and financial health.
Revenue Guidance Exclusion Impact: The guidance for 2025 revenue and adjusted EBITDA excludes marketing technology solutions, which could lead to a perception of declining overall business performance.
EverCommerce Inc. (NASDAQ:EVCM) Q4 2024 Earnings Call Transcript
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