EverCommerce (NASDAQ:EVCM) Full Year 2024 Results
Key Financial Results
- Revenue: US$698.8m (up 3.5% from FY 2023).
- Net loss: US$41.1m (loss narrowed by 9.9% from FY 2023).
- US$0.22 loss per share (improved from US$0.24 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EverCommerce EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$636.6m (91% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$138.6m (27% of total expenses). Explore how EVCM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for EverCommerce you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:EVCM
EverCommerce
Provides integrated software-as-a-service solutions for service-based small and medium-sized businesses in the United States and internationally.
Adequate balance sheet and fair value.
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