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Stock impact report

EverCommerce Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

EverCommerce Inc. (EVCM) 
Company Research Source: Yahoo! Finance
announced financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenue of $169.4 million, an increase of 4.7% compared to $161.8 million for the quarter ended December 31, 2022. YoY Pro forma revenue growth rate of approximately 4.3% for the quarter ended December 31, 2023. Net loss was $23.3 million, or ($0.12) per basic and diluted share, for the quarter ended December 31, 2023, compared to net loss of $17.8 million, or ($0.09) per basic and diluted share, for the quarter ended December 31, 2022. Adjusted EBITDA was $43.1 million for the quarter ended December 31, 2023, compared to $35.2 million for the quarter ended December 31, 2022. “Despite experiencing some continuing headwinds to revenue growth in the fourth quarter, EverCommerce delivered Adjusted EBITDA results that were above the top end of guidance and represented 22% growth and 370 basis points of YoY margin expansion,” said Eric Remer, EverCommerce's Fou Show less Read more
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