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Evercommerce Inc. (EVCM) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Evercommerce Inc.

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CIK: 1853145 Ticker: EVCM
Exhibit 99.1
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EverCommerce Announces Fourth Quarter and Full Year 2021 Financial Results

Denver, CO (March 14, 2022)
EverCommerce Inc. (NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter and year ended December 31, 2021.

Fourth Quarter 2021 Financial Highlights

•Revenue of $135.6 million, compared to previously issued guidance of $129.5 million to $131 million, an increase of 47% compared to $92.0 million for the quarter ended December 31, 2020.
•YoY Pro forma revenue growth rate of 24% and 21% for the quarter- and year ended December 31, 2021, respectively.
•Net loss was $82.0 million, or ($0.82) per basic and diluted share, for the year ended 2021. This compares to a net loss of $60.0 million, or ($3.06) per basic and diluted share, for the year ended 2020. Net loss was $4.7 million, or ($0.02) per basic and diluted share, for the quarter ended December 31, 2021. This compares to a net loss of $20.9 million, or ($1.14) per basic and diluted share, for the quarter ended December 31, 2020.
•Adjusted EBITDA was $29.3 million, a margin of 21.6%, for the quarter ended December 31, 2021, compared to $22.0 million, a margin of 23.9%, for the quarter ended December 31, 2020.

“EverCommerce’s fourth quarter results were highlighted by continued strong revenue growth, solid profitability and cash flow generation, including 47% reported year over year revenue growth and adjusted EBITDA margins of 22%,” said Eric Remer, EverCommerce’s Founder and CEO. “EverCommerce is simplifying and empowering the lives of business owners whose services support us every day, and our outlook for continued high growth and sustainable profitability is rooted in the massive opportunity ahead.”

A reconciliation of GAAP to Non-GAAP measures has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Business Outlook
Based on information as of today, March 14, 2022, the Company is issuing the following financial guidance for the first quarter and full year 2022.

First Quarter 2022:
•Revenue is expected to be in the range of $140 million to $141 million.
•Adjusted EBITDA is expected to be in the range of $21.5 million to $22.0 million.

Full Year 2022:
•Revenue is expected to be in the range of $619 million to $625 million.
•Adjusted EBITDA is expected to be in the range of $122 million to $124 million.


1
The following information was filed by Evercommerce Inc. (EVCM) on Monday, March 14, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Evercommerce Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Convertible Preferred Stock And Stockholders??? Deficit
Consolidated Statements Of Convertible Preferred Stock And Stockholders??? Deficit (Parenthetical)
Consolidated Statements Of Operations And Comprehensive Loss
Acquisitions
Acquisitions (Tables)
Acquisitions - Consideration Transferred And Net Assets Acquired (Details)
Acquisitions - Narrative (Details)
Acquisitions - Pro Forma (Details)
Capitalized Software
Capitalized Software (Tables)
Capitalized Software - Narrative (Details)
Capitalized Software - Summary (Details)
Commitment And Contingencies
Commitment And Contingencies (Tables)
Commitment And Contingencies - Future Minimum Payments (Details)
Commitment And Contingencies - Narrative (Details)
Equity
Equity - Narrative (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Financial Assets And Liabilities At Fair Value On A Recurring Basis (Details)
Fair Value Of Financial Instruments - Narrative (Details)
Fair Value Of Financial Instruments - Schedule Of Reconciliation Of Contingent Consideration Measured At Fair Value (Details)
Geographic Areas
Geographic Areas (Details)
Geographic Areas (Tables)
Goodwill
Goodwill (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Income Tax Rate Reconciliation (Details)
Income Taxes - Narrative (Details)
Income Taxes - Net Loss Before Income Tax (Details)
Income Taxes - Operating Losses And Tax Credits (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Income Taxes - Valuation Allowance (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Future Amortization (Details)
Intangible Assets - Narrative (Details)
Intangible Assets - Summary (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Maturities (Details)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Summary Of Debt (Details)
Nature Of The Business
Nature Of The Business (Details)
Net Loss Per Share Attributable To Common Stockholders
Net Loss Per Share Attributable To Common Stockholders (Tables)
Net Loss Per Share Attributable To Common Stockholders - Antidilutive Common Stock Excluded From Computation Of Diluted Net Loss Per Share (Details)
Net Loss Per Share Attributable To Common Stockholders - Schedule Of Net Loss Per Share (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Narrative (Details)
Property And Equipment - Summary (Details)
Related Parties
Related Parties (Details)
Retirement Plan
Retirement Plan (Details)
Revenue
Revenue (Tables)
Revenue - Contract Balances (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Narrative (Details)
Revenue - Remaining Performance Obligations (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Option Activity (Details)
Stock-Based Compensation - Restricted Stock Awards Activity (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Valuation Assumptions (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Useful Life (Details)
Ticker: EVCM
CIK: 1853145
Form Type: 10-K Annual Report
Accession Number: 0001853145-22-000011
Submitted to the SEC: Mon Mar 14 2022 6:06:13 PM EST
Accepted by the SEC: Tue Mar 15 2022
Period: Friday, December 31, 2021
Industry: Prepackaged Software

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