Vertex Inc (VERX) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]
Vertex, Inc. - Class A (VERX)
Company Research
Source: Yahoo! Finance
Adjusted EBITDA: $38.6 million, representing a margin of 22.7%. Free Cash Flow: $18.4 million in the third quarter. GAAP Net Income: $7.2 million or $0.04 per diluted share. Net Revenue Retention (NRR): Gross Revenue Retention (GRR): Annual Recurring Revenue (ARR): $563 million, up 16.1% year over year. Average Revenue Per Customer: $131,400, up 16.6% from last year's third quarter. Gross Margin: 74% overall, with subscription software revenue margin at 80.5%. Operating Cash Flow: $41.4 million. Trailing 12-Month Free Cash Flow Margin: Unrestricted Cash and Cash Equivalents: Over $279 million. Warning! GuruFocus has detected 5 Warning Signs with VERX. Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Vertex Inc ( NASDAQ:VERX ) reported strong financial results with a revenue of $170.4 million, marking a 17.5% year-over-year growth. The company achieved a significant strateg
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VERX
News
- Why Vertex (VERX) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
- Vertex, Inc. (NASDAQ: VERX) had its price target raised by analysts at Morgan Stanley from $50.00 to $62.00. They now have an "overweight" rating on the stock.MarketBeat
- Vertex Global Survey Finds Half of Organizations Lagging in Tax and Finance AutomationGlobeNewswire
- Vertex, Inc. (NASDAQ: VERX) had its price target raised by analysts at Stifel Nicolaus from $41.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
- Vertex, Inc. (NASDAQ: VERX) had its price target raised by analysts at Robert W. Baird from $43.00 to $57.00. They now have an "outperform" rating on the stock.MarketBeat
VERX
Earnings
- 11/6/24 - Beat
VERX
Sec Filings
- 11/20/24 - Form 144
- 11/18/24 - Form 4
- 11/18/24 - Form 144
- VERX's page on the SEC website