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Thryv(THRY) - 2024 Q4 - Annual Results
2025-02-27 12:31
Exhibit 99.1 Thryv Accelerates SaaS Revenue in Fourth Quarter 2024, Exceeds Fourth Quarter SaaS Guidance DALLAS, February 27, 2025 – Thryv Holdings, Inc. (NASDAQ:THRY) ("Thryv" or the "Company"), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in Total SaaS revenue of 41% year-over-year in the fourth quarter of 2024. "We delivered a strong fourth quarter with a robust increase in revenue and record SaaS margins, reaching a pivotal inflection poi ...
Thryv Holdings: An Opportune Time To Wager On The SaaS Metamorphosis
Seeking Alpha· 2025-01-15 08:37
Group 1 - Thryv Holdings is undergoing a significant transformation from its declining phone book publishing business to a new business model [1] - The transformation process has been ongoing for several years, indicating a prolonged effort to pivot the company's focus [1]
Thryv(THRY) - 2024 Q3 - Earnings Call Transcript
2024-11-09 14:48
Financial Data and Key Metrics Changes - SaaS revenue for Q3 2024 was $87.1 million, a 29% year-over-year increase and a 12% sequential increase, exceeding guidance [9][10] - SaaS adjusted gross margin increased by 560 basis points year-over-year and 250 basis points quarter-over-quarter to 72.2% [10] - Consolidated adjusted EBITDA for Q3 was $19.6 million, representing an adjusted EBITDA margin of 11% [14] - Net debt position was $307 million with a leverage ratio of 1.66x net debt to EBITDA, well below the covenant of 3x [15] Business Line Data and Key Metrics Changes - SaaS subscriber growth reached 96,000, up from 70,000 in the prior quarter, reflecting a 45% year-over-year increase [11] - Marketing Services revenue for Q3 was $92.8 million, with a decline in billings of 35% year-over-year due to the transition of clients to the SaaS platform [13][14] - Marketing Services adjusted EBITDA margin was 10% for Q3 [13] Market Data and Key Metrics Changes - The company anticipates that the acquisition of Keap will generate approximately $11 million to $12 million in revenue for Q4 2024 [17] - Keap's acquisition adds over 15,000 quality customers and is expected to enhance the company's market presence [9][25] Company Strategy and Development Direction - The company aims to transition fully to a SaaS model, with a goal of becoming a 100% Net Dollar Retention (NDR) company [7] - The acquisition of Keap is seen as a strategic move to enhance product offerings and expand into larger small businesses [21][25] - The company plans to integrate Keap's platform with its existing offerings to create a unified product experience [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term economics of the accelerated migration strategy, with expectations of 10% to 15% growth in spending from converted customers [7][12] - The management team highlighted the importance of building a strong subscription base and the potential for upselling existing customers [12][56] - Future guidance for Q4 includes raising SaaS revenue expectations to a range of $90 million to $92 million [16] Other Important Information - The company generated $27.5 million in free cash flow, which was used to prepay $52.5 million in term loan amortization [16] - A noncash impairment charge of $83.1 million was recognized due to the ongoing structural decline of the marketing services business [15] Q&A Session Summary Question: Details on Keap automations and their benefits for SMB customers - Keap's automations help SMBs streamline operations, improve service consistency, and enhance marketing efforts, making them attractive for businesses with higher revenue [27][30] Question: Integration of Keap platform with Thryv - The company plans to fully integrate Keap's platform with its existing offerings, enhancing product interoperability and creating a unified platform [34][35] Question: Future conversions from marketing services to SaaS - The company has successfully accelerated the transition of marketing services clients to the SaaS platform, with expectations for continued growth in this area [39][41] Question: Go-to-market strategy post-acquisition - The acquisition will leverage Keap's partner ecosystem and Thryv's direct sales force to enhance distribution and drive growth [44][46] Question: Net dollar retention rate and future expectations - Management is confident that the net dollar retention rate will stabilize around 100%, with potential for slight increases as more customers adopt multiple products [51][56] Question: Annualized free cash flow post-Keap acquisition - The company is not yet prepared to guide for 2025 but will provide more information at the upcoming Analyst Day [62] Question: International growth opportunities with Keap - Keap's established international presence and reseller network provide a strategic entry point for expanding into new markets [64][65] Question: ARPU pressure and its contributors - ARPU is under pressure due to the transition of customers to lower commitment levels and the introduction of starter products to facilitate migration [66][71]
Thryv Holdings, Inc. (THRY) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 14:56
Thryv Holdings, Inc. (THRY) came out with a quarterly loss of $2.65 per share versus the Zacks Consensus Estimate of a loss of $2.53. This compares to loss of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.74%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.33, delivering a surprise of -19.51%.Over the last four quarters, the company ha ...
Thryv(THRY) - 2024 Q3 - Quarterly Report
2024-11-07 12:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35895 THRYV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 13-2740040 | --- | -- ...
Thryv(THRY) - 2024 Q3 - Quarterly Results
2024-11-07 12:31
Exhibit 99.1 Thryv Provides Preliminary, Unaudited Third Quarter 2024 Results – Company Exceeds Third Quarter SaaS Revenue and SaaS Adjusted EBITDA Guidance DALLAS, October 29, 2024 – Thryv Holdings, Inc. (NASDAQ:THRY) ("Thryv" or the "Company"), the provider of Thryv(R), based on information available as of October 29 2024, is providing preliminary, unaudited results for the third quarter of 2024 in conjunction with the proposed Keap acquisition announced today. The Company plans to release its full third ...
Thryv: Strong Q3 Preliminary Results Overshadowed By The Equity Offering
Seeking Alpha· 2024-10-31 12:30
Thryv (NASDAQ: THRY ) reported strong preliminary results for Q3 , which were much better than my expectations, which I had outlined in my previous write-up on the company. The SaaS business is showing an acceleration inAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Th ...
Long QT Syndrome (LQTS) Market Research 2024 Featuring Thryv Therapeutics and Vertex: Epidemiology, Treatment Landscape, Unmet Needs, Emerging Therapies, and Value & Access
GlobeNewswire News Room· 2024-09-27 08:01
Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Long QT Syndrome (LQTS) Market Assessment: Epidemiology, Treatment Landscape, Unmet Needs, Emerging Therapies, and Value & Access" report has been added to ResearchAndMarkets.com's offering. Long QT Syndrome (LQTS) market landscape report combines primary (KOL interviews) and secondary market research to empower strategic decision-making and provide a complete view of the market. It includes a disease overview, epidemiology (US and EU5), current treatment, unm ...
Thryv Q2 Earnings: Weaker FCF Could Slow Down Its Deleveraging Efforts
Seeking Alpha· 2024-08-06 15:50
Khanchit Khirisutchalual Investment Thesis Last month I shared my bullish investment thesis on Thryv (NASDAQ:THRY) addressing the main concerns that investors have, especially related to the company's debt. I highlighted the positive impact from the refinancing of its debt and my expectation for continued deleveraging coupled with profitable growth in its SaaS business. Based on my valuation estimates, I set a target price range of $26 to $36 per share for the company by 2026, which presented significant up ...
Thryv(THRY) - 2024 Q2 - Earnings Call Transcript
2024-08-03 06:44
Thryv Holdings, Inc. (NASDAQ:THRY) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cameron Lessard – Assistant VP, IR & Treasury Joe Walsh – Chairman & CEO Paul Rouse – CFO Conference Call Participants Arjun Bhatia - William Blair Scott Berg - Needham & Company Daniel Moore - CJS Securities Robert Oliver - Robert W. Baird Zachary Cummins - B. Riley Securities Operator Thank you for standing by. My name is Laila, and I will be your conference operator today. At this time, I wo ...