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Avalara, Inc. Stock Price

NYSE:AVLR Community·US$8.3b Market Cap
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AVLR Share Price Performance

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Snowflake Analysis

Excellent balance sheet and slightly overvalued.

3 Risks
2 Rewards

Avalara, Inc. Key Details

US$789.4m

Revenue

US$234.7m

Cost of Revenue

US$554.7m

Gross Profit

US$717.6m

Other Expenses

-US$162.9m

Earnings

Last Reported Earnings
Jun 30, 2022
Next Reporting Earnings
n/a
-1.84
70.27%
-20.64%
93.8%
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About AVLR

Founded
1999
Employees
4465
CEO
Scott McFarlane
WebsiteView website
www.avalara.com

Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs. The company’s solutions include AvaTax, a solution for determining sales tax in the United States; Avalara Compliance Cloud Returns for tax return preparation, filing, and remittance; which creates, validates, stores, and manages sales tax exemption. It also provides professional services, including nexus studies and back filing services, voluntary compliance initiatives, tax registrations, reverse audits, audit defense, and specialized tax research. The company was formerly known as Advantage Solutions, Inc. and changed its name to Avalara, Inc. in December 2005. Avalara, Inc. was incorporated in 1999 and is headquartered in Seattle, Washington.

Recent AVLR News & Updates

Seeking Alpha Oct 14

Avalara ticks higher as holders said to approve $8.2B sale to Vista Equity

Avalara (NYSE:AVLR) ticked up 0.7% after shareholders are said to have approved tje $8.2 billion sale to Vista Equity. Avalara (AVLR) holders approved the deal at the shareholder vote on Friday, a person who listened to the vote told Seeking Alpha. The approval comes after a few of Avalara (AVLR) shareholders had come out against the deal and said they had planned to vote it down. Last week proxy adviser Glass Lewis also recommended AVLR shareholders vote against the sale. In August Vista Equity agreed to pay $93.50/share in all cash-transaction for Avalara.
Seeking Alpha Oct 05

Glass Lewis recommends AVLR shareholders vote against $8.4B sale to Vista Equity

Altair US, one of Avalara's (NYSE:AVLR) largest shareholders, said Wednesday proxy advisory firm Glass Lewis recommended that AVLR shareholders vote against its $8.4B sale to Vista Equity. Glass Lewis called the purchase price "inadequate" when factoring in AVLR's historical valuation and the prices paid for other software firms in earlier deals. "... we have concerns about the questionable deal timing, the sometimes inexplicable course of discussions, and the board's pessimistic reasoning for the merger and conflicts of interest in the decision-making process," it added. On the other hand, proxy adviser ISS issued "cautionary" support for the deal, but raised concerns over shift in narrative from AVLR's management. "It is understandable that shareholders who are optimistic about AVLR's long-term potential may question the urgency to sell now," it added. Another AVLR investor Merrion Investment Management said it would vote against the sale. Altair, a pre-IPO angel investor in AVLR, is of the view that AVLR would be better off as a standalone.

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