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EverCommerce: Q1 Earnings Snapshot

May 9, 2022 GMT

DENVER (AP) _ EverCommerce Inc. (EVCM) on Monday reported a loss of $13.3 million in its first quarter.

The Denver-based company said it had a loss of 7 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 3 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The business software company posted revenue of $143.6 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $140.5 million.

For the current quarter ending in July, EverCommerce said it expects revenue in the range of $152 million to $154 million.

The company expects full-year revenue in the range of $623 million to $629 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVCM at https://www.zacks.com/ap/EVCM