Vertex, Inc.

Vertex, Inc. engages in the provision of tax compliance software solutions. The firm offers comprehensive solutions that automate end-to-end indirect tax processes for enterprises and mid-market companies with complex tax transactions. Its software enables tax determination, data management, compliance and reporting, and document management. The company was founded by Ray Westphal and Antoinette Westphal in 1978 and is headquartered in King of Prussia, PA.

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Vertex, Inc. reports record Q4 earnings, eyes European growth

Vertex, Inc. delivered a strong performance in Q4 2022, showcasing record revenues and positive free cash flow. The company's strategic investments in technology, partnerships, and global expansion position it for continued growth. Challenges include navigating emerging technologies and evolving customer trends, while opportunities lie in Europe's growth potential and cloud adoption drivers.

Vertex, Inc. reports robust Q1 earnings, eyes growth through partnerships

Vertex, Inc. delivered strong financial performance in Q1 2023, showcasing revenue growth and strategic investments. The company's focus on partnerships, automation, and market strength positions it well for future growth. Challenges with ERP costs and pricing dynamics are being managed, while opportunities in cross-selling and cloud revenue growth are being pursued.

Vertex, Inc. reports record Q2 revenue and NRR growth

Vertex, Inc. delivered a strong Q2 performance, exceeding revenue targets and achieving record-high NRR, driven by strategic growth initiatives and strong partnerships.
While facing challenges such as increased costs and margin improvement targets, Vertex's focus on operational efficiency, customer-centric strategies, and market expansion positions it well for sustained growth.
With opportunities in ERP modernization, AI integration, and strategic partnerships, Vertex is poised to capitalize on market trends, enhance financial performance, and drive innovation-led growth.
Overall, Vertex's financial strength, operational efficiency, and strategic foresight underscore its position as a market leader in driving revenue growth and customer value.

Vertex, Inc. reports robust Q3 earnings, eyes cloud migration growth

Vertex, Inc. delivered strong Q3 results with revenue and adjusted EBITDA growth, driven by key metrics and strategic investments in new markets and products.
Challenges include managing nonrecurring CapEx spend, ensuring cash flow conversion, and addressing pricing tier impacts from customer expansions.
Opportunities lie in cloud migration, partnerships with key players like Shopify, and a focus on execution to drive operating leverage and margin performance in 2024.
Overall, Vertex's focus on customer success, innovation, and partnerships positions them well for continued growth and revenue expansion in the coming quarters.

Vertex, Inc. reports stellar Q4 results, eyes growth opportunities

Vertex, Inc. delivered a strong Q4 performance in 2023, exceeding revenue guidance and achieving significant growth in adjusted EBITDA and key metrics like ARR and NRR. The company's strategic investments and notable wins position it well for future growth.
Despite challenges like deferred revenue growth slowdown and true-ups impacting past revenue, Vertex remains confident in its trajectory. Opportunities in business changes, digital transformations, and AI investments offer avenues for sustained growth and value creation.
With a focus on R&D, partnerships with industry leaders, and a solid outlook for 2024, Vertex, Inc. is poised for continued success. The company's emphasis on organic growth, M&A potential, and margin improvement align with its commitment to long-term shareholder value.

Vertex, Inc. excels in Q1 2024, eyes growth in e-invoicing

Vertex, Inc.'s Q1 2024 performance exceeded expectations, showcasing strong revenue growth and profitability.
The company's strategic strengths lie in its market leadership, client wins, and differentiated SAP partnership.
While regulatory challenges persist, Vertex is well-positioned to capitalize on growth opportunities in e-invoicing and international markets.
Investments in AI and data management underscore Vertex's commitment to innovation and regulatory compliance.

Vertex Inc. reports robust Q2 earnings, eyes growth opportunities

Vertex Inc.'s Q2 2024 earnings call highlighted strong financial performance, strategic acquisitions, and positive customer metrics.
The company's focus on technology leadership, customer value, and revenue growth opportunities positions it for continued success.
Challenges in revenue growth expectations, market dynamics, and strategic alignment with SAP ecosystem require attention for sustained growth.

Vertex Inc. reports robust Q3 earnings and strategic growth focus

Vertex Inc.'s Q3 performance reflects strong financial results, strategic wins, and a focus on driving revenue growth and profitability.
While challenges lie in the short-term impact of the ecosio acquisition on EBITDA, Vertex's strengths in market positioning and strategy execution bode well for future success.
Opportunities abound for Vertex to capitalize on market trends, expand its customer base, and optimize synergies post-acquisition for sustained growth.

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Vertex, Inc. (NASDAQ:VERX ) Q2 2024 Results Conference Call August 7, 2024 8:30 AM ET Company Participants Joe Crivelli - VP, IR David DeStefano - President and CEO John Schwab - CFO Conference Call Participants Brad Reback - Stifel Joshua Reilly - Needham Rob Oliver - Baird Chris Quinter - Morgan Stanley Steve Enders - Citi Daniel Jester - BMO Capital Markets Adam Hotchkiss - Goldman Sachs Alex Sklar - Raymond James Patrick Walravens - Citizens JMP Securities Jake Roberge - William Blair Operator Good morning. And welcome to the Vertex Inc. Second Quarter 2024 Earnings Conference Call.

Vertex, Inc. (VERX) Q2 2024 Earnings Call Transcript

Vertex (VERX) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.08 per share a year ago.

Vertex (VERX) Tops Q2 Earnings and Revenue Estimates

Delivering a Seamlessly Connected Global Platform to Manage Continuous Compliance Delivering a Seamlessly Connected Global Platform to Manage Continuous Compliance

Vertex Acquires ecosio To Accelerate Global E-Invoicing Compliance

KING OF PRUSSIA, Pa., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its second quarter ended June 30, 2024.

Vertex Announces Second Quarter 2024 Financial Results

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KING OF PRUSSIA, Pa., July 11, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. A conference call to discuss the results will be held at 8:30 a.m. Eastern Time that same day.

Vertex to Announce Second Quarter 2024 Financial Results on Wednesday, August 7, 2024

KING OF PRUSSIA, Pa., June 12, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today the acquisition of tax-specific AI capabilities from Ryan, LLC, an award-winning tax services and software firm, designed to more effectively manage the complexity of tax mapping.

Vertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLC

Vertex stock is recommended as a buy due to its solid execution, visible growth catalyst, and potential opportunities from organizations migrating to S/4HANA. The company provides tax compliance solutions and has a strong competitive position in the enterprise tax automation industry. The growth outlook for Vertex remains strong, supported by its strong execution, SAP ECC tailwind, expanded partnerships, and pricing power.

Vertex: Solid Execution With Visible Growth Catalyst

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KING OF PRUSSIA, Pa., May 30, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that management will present at the following investor events:

Vertex to Present at Upcoming Conferences

KING OF PRUSSIA, Pa., May 13, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc.  (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced that CRN ® , a brand of The Channel Company, has named Sarah Bourne, Partner Development Manager; Bianca Fleischman, Sr. Marketing Manager; Marion Hurn, Sr. Director GTM Indirect Sales; and Kayla Sanderson, Sr. Marketing Manager, to the Women of the Channel list for 2024. Every year, CRN recognizes the achievements of women from vendor, distributor, and solution provider organizations whose vision and leadership have a beneficial influence on the technology industry.

Vertex Women Leading the Way: Four Honorees Named on CRN's 2024 Women of the Channel List

Vertex, Inc. (NASDAQ:VERX ) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Joe Crivelli – Vice President-Investor Relations David DeStefano – President and Chief Executive Officer John Schwab – Chief Financial Officer Conference Call Participants Chris Quintero – Morgan Stanley Daniel Jester – BMO Capital Joshua Reilly – Needham Adam Hotchkiss – Goldman Sachs Brad Reback – Stifel Natalie Howe – Bank of America Alex Sklar – Raymond James Austin Cole – Citizens Operator Greetings, and welcome to Vertex's First Quarter 2024 Earnings Conference Call. Please note this conference is being recorded.

Vertex, Inc. (VERX) Q1 2024 Earnings Call Transcript

KING OF PRUSSIA, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its first quarter ended March 31, 2024.

Vertex Announces First Quarter 2024 Financial Results

KING OF PRUSSIA, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the closing of its private offering of $345 million aggregate principal amount of 0.750% convertible senior notes due 2029 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and related capped call transactions. The offering represents the aggregate of both the previously announced, upsized offering of $300 million as well as the full exercise of the $45 million option to purchase additional notes granted by Vertex to the initial purchasers of the notes.

Vertex, Inc. Announces Closing of Upsized Offering of $345 Million Convertible Senior Notes

KING OF PRUSSIA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the pricing of $300 million aggregate principal amount of 0.750% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced $250 million aggregate principal amount of notes. In connection with the offering of the notes, Vertex granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to settle on April 26, 2024, subject to customary closing conditions.

Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering

KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced preliminary financial results for the period ended March 31, 2024.

Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date

KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced that it intends to offer and sell, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, Vertex expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37.5 million aggregate principal amount of notes.

Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

Vertex is recommended as a buy due to positive growth metrics and strong cross-selling abilities. Recent results show revenue and adjusted EBITDA beating expectations, with strong annual recurring revenue growth. FY24 guidance indicates accelerated subscription revenue growth and improved margins, supporting future growth.

Vertex: A Positive Growth Outlook With Margins At An Inflection Point

Vertex, Inc. delivered better-than-expected EPS and net sales growth, leading to optimism in the market. The company operates in a large market with significant geographic diversification and a large market opportunity. Vertex's solid balance sheet, cloud offering, and integration with ERPs and CRMs position it for growth and scalability.

Vertex: EPS Better Than Expected, Cloud Offerings, And Cheap

Vertex (VERX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Vertex (VERX): Time to Buy?

The consensus price target hints at a 25.2% upside potential for Vertex (VERX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Vertex (VERX) Have the Potential to Rally 25.21% as Wall Street Analysts Expect?

Vertex, Inc. (VERX) Q4 2023 Earnings Call Transcript

Vertex (VERX) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.08 per share a year ago.

Vertex (VERX) Tops Q4 Earnings and Revenue Estimates

KING OF PRUSSIA, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Vertex Announces Fourth Quarter and Full Year 2023 Financial Results

Results show 43% of U.S. firms are “champions” in tech-driven indirect tax approaches, while revealing stark regional disparities in overall indirect tax compliance Results show 43% of U.S. firms are “champions” in tech-driven indirect tax approaches, while revealing stark regional disparities in overall indirect tax compliance

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