Annuncio • May 09
Vertex, Inc. (NasdaqGM:VERX) acquired NITIS SAS. Vertex, Inc. (NasdaqGM:VERX) acquired NITIS SAS on March 31,2026.
Vertex, Inc. (NasdaqGM:VERX) completed the acquisition of NITIS SAS on March 31,2026. Reported Earnings • May 07
First quarter 2026 earnings released: US$0.016 loss per share (vs US$0.071 profit in 1Q 2025) First quarter 2026 results: US$0.016 loss per share (down from US$0.071 profit in 1Q 2025). Revenue: US$196.6m (up 11% from 1Q 2025). Net loss: US$2.51m (down 123% from profit in 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Annuncio • Apr 29
Vertex, Inc., Annual General Meeting, Jun 10, 2026 Vertex, Inc., Annual General Meeting, Jun 10, 2026. Annuncio • Apr 13
Vertex, Inc. to Report Q1, 2026 Results on May 07, 2026 Vertex, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026 Annuncio • Apr 09
Vertex Inc Advances Ai-Powered Capabilities to Improve Enterprise Compliance Execution Vertex, Inc. announced the next phase of its innovation strategy within the Vertex Cloud platform with new AI capabilities applied to improve how compliance work is executed as complexity continues to rise. Vertex applies AI to enable organizations to identify risk earlier and apply decisions more consistently across the compliance lifecycle. Rather than relying solely on static rules, Vertex brings structure and transparency to how decisions are executed, enabling teams to detect anomalies and evaluate how changes impact transactions and configurations earlier. This approach reduces rework and downstream disruption and delivers audit-ready outcomes that are easier to review and defend. It also connects previously disconnected tasks into a more coordinated process while preserving transparency, human oversight, and accountability, backed by decades of domain expertise. Through continued investment in AI-driven capabilities applied across compliance workflows, the Company is improving how this work is carried out in practice, including: Reducing effort and dependency on specialized skills. Teams complete complex compliance tasks faster by expressing intent in plain language when working with tax data and configurations, while maintaining a clear, auditable understanding of how outcomes are produced. Identifying issues earlier to reduce risk and rework. Signals across transactions, data quality, and configuration changes surface anomalies before they affect filings, strengthening audit readiness and reducing downstream disruption. Improving consistency throughout the lifecycle. Shared intelligence across determination, returns, reconciliation, certificates, and tax close reduces handoffs and supports consistent execution from start to finish. Maintaining transparency, governance, and human oversight. All AI-driven intelligence aligns with Vertex’s responsible AI principles, ensuring outcomes are explainable, reviewable, and validated by professionals within governed workflows before action is taken. Recent Insider Transactions • Feb 24
Lead Independent Director recently bought US$516k worth of stock On the 20th of February, Eric Andersen bought around 40k shares on-market at roughly US$12.91 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$597k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$0.05 (vs US$0.34 loss in FY 2024) Full year 2025 results: EPS: US$0.05 (up from US$0.34 loss in FY 2024). Revenue: US$748.4m (up 12% from FY 2024). Net income: US$7.21m (up US$59.9m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings have declined by 3.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annuncio • Feb 11
Vertex, Inc. Provides Earnings Guidance for the First Quarter 2026 and Full Year 2026 Vertex, Inc. provided earnings guidance for the first quarter 2026 and full year 2026. for the quarter, the Company currently expects Revenues of $193.5 million to $196.5 million.
for the year, the Company currently expects Revenues of $823.5 million to $831.5 million. Annuncio • Jan 13
Vertex, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Vertex, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 11, 2026 Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2026 The 16 analysts covering Vertex previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$20.0m in 2026. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Annuncio • Nov 04
Vertex, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 and Full-Year 2025 Vertex, Inc. provided earnings guidance for the fourth quarter of 2025 and full-year 2025 . For the quarter, the company expects Revenues of $192.0 million to $196.0 million.
For the year, the company expects Revenues of $745.7 million to $749.7 million. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.025 (vs US$0.046 in 3Q 2024) Third quarter 2025 results: EPS: US$0.025 (down from US$0.046 in 3Q 2024). Revenue: US$192.1m (up 13% from 3Q 2024). Net income: US$4.05m (down 44% from 3Q 2024). Profit margin: 2.1% (down from 4.2% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Nov 03
Vertex, Inc. (NasdaqGM:VERX) announces an Equity Buyback for $150 million worth of its shares. Vertex, Inc. (NasdaqGM:VERX) announces an share repurchase program. Under the program, the company will repurchases up to $150 million worth of its Class A common stock. The program has no expiration date. Annuncio • Oct 30
Vertex, Inc. Announces Appointment of Ralf Gärtner as Senior Vice President (SVP) and Regional Manager of Europe Vertex Inc. announced the appointment of Ralf Gärtner as the Company’s new Senior Vice President (SVP) and Regional Manager of Europe. This strategic appointment supports Vertex’s global strategy of building strong regional capabilities where its customers operate, while reinforcing its commitment to innovation and enhanced international compliance across Europe’s rapidly evolving business landscape. Gärtner brings over 30 years of global leadership experience in tax, corporate performance management, ERP and accounting automation. He has a strong track record in delivering new innovations that drive real value for customers as well as driving scale and expanding sales- and partner networks globally. Having led a true global high-growth business in his previous role at Wolters Kluwer, his expertise directly aligns with Vertex’s mission to support enterprises globally by delivering seamless, technology-driven compliance solutions. Gärtner will play a pivotal role in advancing Vertex’s European and global operations, helping organizations ensure compliance, drive transformation, and achieve sustainable growth. Annuncio • Oct 06
Vertex, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Vertex, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 03, 2025 Reported Earnings • Aug 06
Second quarter 2025 earnings released: US$0.01 loss per share (vs US$0.033 profit in 2Q 2024) Second quarter 2025 results: US$0.01 loss per share (down from US$0.033 profit in 2Q 2024). Revenue: US$184.6m (up 15% from 2Q 2024). Net loss: US$961.0k (down 119% from profit in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Annuncio • Jul 09
Vertex, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Vertex, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Mark Mendola was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 27
Vertex Inc. Expands Global Tax Integration Ecosystem with 65 New Enhancements Vertex Inc. announced a series of new certified integrations and solution enhancements that expand connectivity across ERP, e-commerce, procurement and financial systems. These updates reflect Vertex's continued focus on simplifying and automating global indirect tax with scalable, pre-built solutions that reduce implementation time, increase real-time accuracy and support clean-core ERP strategies - helping organizations modernize tax without disrupting business operations. As businesses face increasing complexity across procurement and commerce systems, Vertex is enhancing its integration with core platforms to simplify global compliance and reduce operational friction. The latest release includes new integrations with SAP, Oracle, Coupa, and Shopify--delivering greater efficiency and accuracy in tax determination across global transactions. It also introduces Vertex Copilot, an AI-powered assistant embedded in unified ecosystem, and Vertex Express Returns for simplified U.S. and Canadian indirect tax compliance. With Brazil's tax reform on the horizon and cross-border commerce accelerating, Vertex is helping organizations stay agile and future-ready by supporting evolving tax models and delivering practical, forward-looking solutions. In this latest release, Vertex introduced several enhancement highlights: Tax Determination: Brazil Tax Reform Readiness: Simultaneously support current and future Brazilian tax determination in a single system. Tax Content Expansion: 300+ new categories for metals and minerals, construction, and sales tax holiday automation, along with enhanced intra-European Union, High Seas, and cross-border situs logic to support any supply chain management scenario; Telecom Enhancements: Easily update company-specific tax rules tied to franchise area IDs; Vertex Tax Calculation on Azure: Now available via Microsoft Marketplace with Microsoft Azure Consumption; Vertex Certificate Service; Leasing Certificate Support: Enable streamlined handling of special condition certificates common in the leasing industry; Certificate Outsourcing: Fully managed exemption certificate handling--from validation to renewals; Vertex VAT ID Validator; Bulk VAT ID Validation: Validate large volumes of registration IDs alongside real-time checks for improved speed and accuracy; Jurisdictional Expansion: Now supporting VAT ID validation across 67+ countries with localized authoritative data; Integrations and Accelerators; Vertex Accelerator+ for SAP ERP: Now certified on SAP S/4HANA Cloud, Private Edition via the SAP Add-On integration scenario for RISE with SAP; Vertex O Series for SAP S/4HANA and SAP ECC (US/CANADA/BRAZIL): Now integrated on Business Technology Platform--advancing clean core strategy and offering flexible deployment options for SAP customers connecting to Vertex; Vertex for Coupa: Global procurement tax management with enhanced cross boarder logic to meet even the most complex scenarios; Vertex for Workday: Now supports large-scale batch invoicing alongside real-time tax calculation--enhancing scalability and accuracy for high-volume invoice processing; Vertex for Shopify: Enhanced cross-border tax logic, including updates for import compliance and complex buy-online-return-in-store and buy-online- pickup-in-store scenarios. Tax Compliance: Vertex e-Invoicing; ERP Integrations: Pre-built support for Oracle Cloud ERP, Oracle e-Business Suite Release 12, SAP ERP Central Component and SAP S/4HANA; Validation Tools: Enhanced capabilities for thorough pre-submission testing; Country Coverage: Expanded support across additional jurisdictions; Vertex VAT Compliance; Automated Exchange Rates: Now supports automatic currency conversion for greater accuracy and efficiency; General Ledger Reconciliation: Enabled general ledger account reconciliation to simplify financial close; Filing Flexibility: Supports multiple maintained legal deadlines; and Filing Flexibility: supports multiple maintained legal deadlines. Annuncio • May 08
Vertex, Inc. Provides Financial Guidance for the Second Quarter and Full Year 2025 Vertex, Inc. provided financial guidance for the second quarter and full year 2025. For the second quarter, the company expects revenues of $182 million to $187 million.
For the full year, the company expects revenues of $760 million to $768 million. Breakeven Date Change • May 08
Forecast breakeven date pushed back to 2026 The 15 analysts covering Vertex previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$24.8m in 2026. Average annual earnings growth of 103% is required to achieve expected profit on schedule. Reported Earnings • May 07
Full year 2024 earnings released: US$0.34 loss per share (vs US$0.086 loss in FY 2023) Full year 2024 results: US$0.34 loss per share (further deteriorated from US$0.086 loss in FY 2023). Revenue: US$666.8m (up 17% from FY 2023). Net loss: US$52.7m (loss widened 303% from FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • May 07
Forecast breakeven date moved forward to 2025 The 15 analysts covering Vertex previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$17.7m in 2025. Earnings growth of 69% is required to achieve expected profit on schedule. Annuncio • Apr 29
Vertex, Inc., Annual General Meeting, Jun 11, 2025 Vertex, Inc., Annual General Meeting, Jun 11, 2025. Board Change • Apr 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Phil Saunders was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 15
Vertex, Inc. to Report Q1, 2025 Results on May 07, 2025 Vertex, Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 07, 2025 Buy Or Sell Opportunity • Mar 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to US$36.29. The fair value is estimated to be US$45.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 3.7%. Annuncio • Mar 01
Vertex Expands e-Invoicing Capabilities to Streamline Compliance & Reporting Vertex Inc. announced the latest enhancement of Vertex e-invoicing - a comprehensive solution designed to simplify electronic invoicing (e-invoicing) for businesses navigating increasingly complex global tax regulations. The release integrates Continuous Transaction Controls (CTC) with Periodic Transaction Controls (PTC) to streamline the exchange, clearance, e-archiving and VAT reporting & reconciliation of e-invoices, helping organizations comply with evolving mandates and jurisdictional requirements worldwide. With e-invoicing mandates expanding worldwide, businesses must navigate a growing landscape of country-specific requirements, diverse data standards and evolving reporting obligations. Scalable solutions are essential to replace fragmented approaches, ensuring seamless compliance while automating the reconciliation between real-time e-invoice data with periodic VAT filings. Vertex e-Invoicing solution enables businesses to automate accounts payable and accounts receivable transactions, streamline indirect tax reporting and reconcile VAT filings--all within a scalable, resilient and globally available cloud-based network. For example, the pan-European momentum gathered by ViDA marks a significant shift in the European e-invoicing landscape. As more European countries rapidly adopt and expand digital tax reporting and e-invoicing mandates, businesses need reliable solutions to ensure compliance while maintaining operational efficiency. Annuncio • Feb 28
Vertex, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025 Vertex, Inc. provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects revenues of $175 million to $178 million.
For the year, the company expects revenues of $760 million to $768 million. Buy Or Sell Opportunity • Feb 27
Now 4.3% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to US$35.09. The fair value is estimated to be US$36.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 3.6%. New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Significant insider selling over the past 3 months (US$1.2m sold). Annuncio • Jan 23
Vertex, Inc. to Report Q4, 2024 Results on Feb 27, 2025 Vertex, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Recent Insider Transactions • Dec 11
CEO, President & Chairman of the Board recently sold US$1.0m worth of stock On the 6th of December, David DeStefano sold around 18k shares on-market at roughly US$56.09 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$9.8m. David has been a net seller over the last 12 months, reducing personal holdings by US$14m. Recent Insider Transactions • Nov 29
CEO, President & Chairman of the Board recently sold US$1.4m worth of stock On the 26th of November, David DeStefano sold around 26k shares on-market at roughly US$55.05 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$9.8m. David has been a net seller over the last 12 months, reducing personal holdings by US$13m. Recent Insider Transactions • Nov 19
CEO, President & Chairman of the Board recently sold US$9.8m worth of stock On the 18th of November, David DeStefano sold around 198k shares on-market at roughly US$49.60 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$11m. Buy Or Sell Opportunity • Nov 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to US$48.68. The fair value is estimated to be US$40.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Annuncio • Nov 07
Vertex, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 and Full-Year 2024 Vertex, Inc. provided earnings guidance for the fourth quarter of 2024 and full-year 2024. For the quarter, the company expects Revenues of $175 million to $178 million.
For the year, the company expects Revenues of $663.3 million to $666.3 million. Annuncio • Oct 22
Vertex, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Vertex, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Annuncio • Aug 08
Vertex, Inc. Updates Earnings Guidance for the Full Year 2024 Vertex, Inc. updated earnings guidance for the full year 2024. The company narrowing full year revenue guidance to the upper end of the range. The company currently expects: Revenues of $654 million to $660 million; Cloud revenue growth of 28%. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.033 (vs US$0.046 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.033 (up from US$0.046 loss in 2Q 2023). Revenue: US$161.1m (up 15% from 2Q 2023). Net income: US$5.16m (up US$12.1m from 2Q 2023). Profit margin: 3.2% (up from net loss in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$106m sold). Annuncio • Aug 07
Vertex, Inc. (NasdaqGM:VERX) agreed to acquire ecosio GmbH for $180 million. Vertex, Inc. (NasdaqGM:VERX) agreed to acquire ecosio GmbH for $180 million on August 7, 2024. The consideration comprises of an upfront cash payment of $69 million as well as a targeted earn-out of $76 million in cash and $35 million of Vertex shares, based on ecosio achieving certain financial performance targets over the next three years, subject to adjustments pursuant to the terms of the purchase agreement. Vertex will utilize cash on hand to fund the upfront cash payment. The Closing is subject to local regulatory approvals. The transaction is expected to close by the end of the third quarter of 2024. Centerview Partners LLC acted as financial advisor to Vertex. Annuncio • Jul 12
Vertex, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Vertex, Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2024 Buy Or Sell Opportunity • Jul 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to US$36.14. The fair value is estimated to be US$30.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Buy Or Sell Opportunity • Jul 03
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to US$35.39. The fair value is estimated to be US$30.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Buy Or Sell Opportunity • Jul 02
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to US$35.67. The fair value is estimated to be US$30.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Buy Or Sell Opportunity • Jul 01
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to US$35.47. The fair value is estimated to be US$30.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Buy Or Sell Opportunity • Jun 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to US$34.78. The fair value is estimated to be US$28.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Buy Or Sell Opportunity • Jun 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to US$34.53. The fair value is estimated to be US$28.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in a year. Earnings are forecast to decline by 192% in the next year. Annuncio • May 09
Vertex, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2024 Vertex, Inc. provided earnings guidance for the second quarter of fiscal year 2024. For the quarter, the company expected revenues of $159 million to $162 million. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$17.40 (vs US$0.12 loss in 1Q 2023) First quarter 2024 results: EPS: US$17.40 (up from US$0.12 loss in 1Q 2023). Revenue: US$156.8m (up 18% from 1Q 2023). Net income: US$2.68m (up US$20.8m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 01
Vertex, Inc., Annual General Meeting, Jun 12, 2024 Vertex, Inc., Annual General Meeting, Jun 12, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect three Directors, Amanda Westphal Radcliffe, Stefanie Westphal Thompson, and Bradley Gayton, to serve until the 2027 Annual Meeting of Stockholders and/or until their respective successors shall have been duly elected and qualified; to ratify the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to conduct an advisory vote on our executive compensation called "Say-on-Pay" ; and to consider other matters. New Risk • Apr 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$122m sold). Annuncio • Apr 23
Vertex, Inc. to Report Q1, 2024 Results on May 08, 2024 Vertex, Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Recent Insider Transactions • Mar 06
Insider recently sold US$77m worth of stock On the 4th of March, Jeffrey Westphal sold around 2m shares on-market at roughly US$31.66 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$127m more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2023 earnings released: US$0.086 loss per share (vs US$0.082 loss in FY 2022) Full year 2023 results: US$0.086 loss per share (further deteriorated from US$0.082 loss in FY 2022). Revenue: US$572.4m (up 16% from FY 2022). Net loss: US$13.1m (loss widened 6.4% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 02
Vertex, Inc. to Report Q4, 2023 Results on Feb 29, 2024 Vertex, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024 Recent Insider Transactions • Dec 21
Insider recently sold US$1.7m worth of stock On the 13th of December, Jacob Westphal sold around 61k shares on-market at roughly US$28.77 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$8.2m. Insiders have been net sellers, collectively disposing of US$51m more than they bought in the last 12 months. New Risk • Dec 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Significant insider selling over the past 3 months (US$98m sold). Annuncio • Dec 14
Vertex, Inc. (NasdaqGM:VERX) made a public tender offer to acquire Pagero Group AB (publ) (OM:PAGERO) from VÅLÅUggen Invest Ab and Norelia AB for SEK 5.8 billion. Vertex, Inc. (NasdaqGM:VERX) made a public tender offer to acquire Pagero Group AB (publ) (OM:PAGERO) from VÅLÅUggen Invest Ab and Norelia AB for SEK 5.8 billion on December 13, 2023. Vertex intends to fund the transaction with proceeds from its existing undrawn revolving credit facility and from issuance of a new series of Convertible Preferred Stock in the amount of SEK 5.2 billion to Silver Lake. Vertex has also received irrevocable undertakings to accept the offer from Pagero's two largest shareholders Vålåuggen Invest AB and Norelia AB in total representing approximately 40.4%. Vertex has been informed by the independent bid committee of the Board of Directors of Pagero of its resolution to unanimously recommend the shareholders of Pagero to accept the public offer made by Vertex. The offer is subject to certain regulatory approvals, the receipt of valid tenders of more than 90% of Pagero's shares and customary closing conditions. The acceptance period of the offer is expected to commence on or around December 15, 2023 and expire on or around January 23, 2024. The transaction is expected to be accretive to Vertex's margins in the second full year after closing, with additional opportunity to increase revenue synergies and cost benefits in the medium to long term.Greenhill acted as financial advisor and DLA Piper acted as legal advisor to Vertex. Annuncio • Nov 10
Vertex, Inc. Provides Revenue Guidance for the Fourth Quarter and Full-Year of 2023 Vertex, Inc. provided revenue guidance for the fourth quarter and full-year of 2023. For the quarter, the company expects revenues of $145 million to $147 million.For the full-year 2023, the Company expects revenues of $562.5 million to $564.5 million; Cloud revenue growth of 25%. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.022 loss per share (vs US$0.008 loss in 3Q 2022) Third quarter 2023 results: US$0.022 loss per share (further deteriorated from US$0.008 loss in 3Q 2022). Revenue: US$145.0m (up 15% from 3Q 2022). Net loss: US$3.40m (loss widened 198% from 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 28
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be US$28.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 69% in the next year. Annuncio • Oct 17
Vertex, Inc. to Report Q3, 2023 Results on Nov 09, 2023 Vertex, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Annuncio • Oct 06
Vertex, Inc. Announces the Appointment of Chirag Patel as Chief Strategy Officer Vertex, Inc. announced the appointment of Chirag Patel as Chief Strategy Officer (CSO). In this role, he will focus on the advancement of the Company’s strategy across an expanded global market for tax technology solutions and collaborate closely with the Vertex executive team to accelerate the next phase of growth. Patel joins Vertex from Ernst & Young (EY) where he was the leader of EY Foundry, a corporate venturing unit responsible for building new software businesses in relevant markets. Prior to that position, Patel co-founded and acted as managing director at Highnote Foundry, a venture capital and venture development firm. Additionally, he’s held various leadership roles at IBM, Merrill Lynch Capital Markets and Oracle Consulting. Throughout his career, Patel has established himself as a proven leader with a successful track record for developing and executing growth strategies for both global 1,000 companies and startups. As a three-time CEO of enterprise SaaS companies in the consumer digital, healthcare and financial services industry, he brings with him a wealth of knowledge, expertise and entrepreneurship. Buying Opportunity • Oct 04
Now 22% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be US$28.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 69% in the next year. Buying Opportunity • Aug 31
Now 21% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be US$28.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 69% in the next year. Recent Insider Transactions • Aug 17
Lead Independent Director recently sold US$295k worth of stock On the 14th of August, Eric Andersen sold around 15k shares on-market at roughly US$19.50 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$6.1m. Insiders have been net sellers, collectively disposing of US$26m more than they bought in the last 12 months. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.037 loss in 2Q 2022) Second quarter 2023 results: US$0.13 loss per share (further deteriorated from US$0.037 loss in 2Q 2022). Revenue: US$139.7m (up 17% from 2Q 2022). Net loss: US$6.90m (loss widened 25% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Annuncio • Aug 10
Vertex, Inc. Provides Revenue Guidance for Third Quarter of 2023 and Full-Year 2023 Vertex, Inc. provided revenue guidance for third quarter of 2023 and full-year 2023. For third quarter of 2023, the company expects revenues of $141 million to $143 million.For full-year 2023, the company expects revenues of $556 to $562 million and Cloud revenue growth of 27%. Annuncio • Jul 18
Vertex, Inc. to Report Q2, 2023 Results on Aug 09, 2023 Vertex, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 09, 2023 Recent Insider Transactions • Jul 15
Insider recently sold US$6.1m worth of stock On the 14th of July, Jeffrey Westphal sold around 325k shares on-market at roughly US$18.84 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$26m more than they bought in the last 12 months. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$22.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Annuncio • May 11
Vertex, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2023 Vertex, Inc. provided earnings guidance for the second quarter and full year of 2023. For the year, the company expects revenues to be between $135 million to $137 million. For the full year, the company expects revenues to be between $550 million to $556 million. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.12 loss per share (vs US$0.002 loss in 1Q 2022) First quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.002 loss in 1Q 2022). Revenue: US$132.8m (up 16% from 1Q 2022). Net loss: US$18.1m (loss widened US$17.8m from 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in the United Kingdom. Recent Insider Transactions • Mar 13
Insider recently sold US$1.8m worth of stock On the 9th of March, Jeffrey Westphal sold around 98k shares on-market at roughly US$18.71 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.1m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings released: US$0.082 loss per share (vs US$0.01 loss in FY 2021) Full year 2022 results: US$0.082 loss per share (further deteriorated from US$0.01 loss in FY 2021). Revenue: US$491.6m (up 16% from FY 2021). Net loss: US$12.3m (loss widened US$10.8m from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Recent Insider Transactions • Mar 03
Insider recently sold US$2.1m worth of stock On the 2nd of March, Jeffrey Westphal sold around 133k shares on-market at roughly US$15.73 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.1m more than they bought in the last 12 months. Annuncio • Feb 14
Vertex, Inc. to Report Q4, 2022 Results on Mar 08, 2023 Vertex, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Mar 08, 2023 Recent Insider Transactions • Dec 16
CEO, President & Chairman of the Board recently sold US$793k worth of stock On the 14th of December, David DeStefano sold around 49k shares on-market at roughly US$16.28 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 07
Independent Director recently sold US$207k worth of stock On the 6th of December, Kevin Robert sold around 13k shares on-market at roughly US$16.03 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$647k. Insiders have been net sellers, collectively disposing of US$6.2m more than they bought in the last 12 months. Buying Opportunity • Nov 30
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be US$18.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 78% in the next year. Recent Insider Transactions • Nov 29
Independent Director recently sold US$184k worth of stock On the 23rd of November, Kevin Robert sold around 12k shares on-market at roughly US$15.50 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$647k. Insiders have been net sellers, collectively disposing of US$6.2m more than they bought in the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released: US$0.002 loss per share (vs US$0.016 profit in 1Q 2021) First quarter 2022 results: US$0.002 loss per share (down from US$0.016 profit in 1Q 2021). Revenue: US$115.0m (up 17% from 1Q 2021). Net loss: US$334.0k (down 115% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in the United Kingdom. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.01 loss per share (up from US$0.57 loss in FY 2020). Revenue: US$425.5m (up 14% from FY 2020). Net loss: US$1.48m (loss narrowed 98% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 31% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • Mar 17
Co-Owner & Director recently bought US$101k worth of stock On the 15th of March, Amanda Radcliffe bought around 8k shares on-market at roughly US$12.91 per share. This was the largest purchase by an insider in the last 3 months. This was Amanda's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 07
Independent Director recently sold US$203k worth of stock On the 3rd of December, J. Stamm sold around 12k shares on-market at roughly US$16.88 per share. In the last 3 months, there was an even bigger sale from another insider worth US$422k. Insiders have been net sellers, collectively disposing of US$1.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 20
VP, General Counsel & Secretary recently sold US$422k worth of stock On the 18th of November, Bryan T. Rowland sold around 21k shares on-market at roughly US$20.47 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.