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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Taxes are unavoidable and they are getting increasingly hard to comply with. Vertex has a strong position in the enterprise segment.

Vertex: Strong Market Position In The Enterprise Segment

Vertex (VERX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -20.32% in 4 Weeks, Here's Why You Should You Buy the Dip in Vertex (VERX)

Vertex (VERX) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Vertex (VERX) Looks Ripe for Bottom Fishing

LOS ANGELES--( BUSINESS WIRE )--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Vertex, Inc. (“Vertex” or “the Company”) (NASDAQ: VERX) for violations of the securities laws.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Vertex, Inc. and Encourages Investors with Losses to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Vertex, Inc. and Encourages Investors with Losses to Contact the Firm

New York, New York--(Newsfile Corp. - January 7, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Vertex, Inc. ("Vertex" or the "Company") (NASDAQ: VERX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Vertex and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Vertex, Inc. - VERX

KING OF PRUSSIA, Pa., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today the pricing of an underwritten offering of 1,500,000 shares of its Class A common stock by Jeffrey R. Westphal at a price to the public of $15.15 per share. The offering is expected to close on November 22, 2022, subject to the satisfaction of customary closing conditions. Vertex will not receive any of the proceeds from the sale of shares in the offering. Goldman Sachs & Co. LLC is serving as the sole underwriter for the offering.

Vertex Announces Pricing of Public Offering of Class A Common Stock by Selling Stockholder

KING OF PRUSSIA, Pa., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced today the launch of a proposed underwritten public offering of 1,500,000 shares of its Class A common stock. All of the shares are being offered by Jeffrey R. Westphal, an existing stockholder, and Vertex will not receive any of the proceeds from the offering. Goldman Sachs & Co. LLC is serving as sole underwriter for the offering.

Vertex Announces Proposed Public Offering of Class A Common Stock by Selling Stockholder

Vertex placed in the highest scoring group for vendors serving the SaaS Tax application market Vertex placed in the highest scoring group for vendors serving the SaaS Tax application market

Vertex Awarded IDC's 2022 SaaS Customer Satisfaction Award for Tax

Vertex, Inc. (NASDAQ:VERX ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Joe Crivelli - VP of IR David DeStefano - CEO John Schwab - CFO Conference Call Participants Joshua Reilly - Needham Adam Hotchkiss - Goldman Sachs Daniel Jester - BMO Capital Markets Andrew DeGasperi - Berenberg Brad Reback - Stifel Steve Enders - Citi Patrick Walravens - JMP Securities Samad Samana - Jefferies Operator Good day, and welcome to the Vertex Incorporated Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Vertex, Inc. (VERX) Q3 2022 Earnings Call Transcript

KING OF PRUSSIA, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2022.

Vertex Announces Third Quarter 2022 Financial Results

Vertex is a tax-related subscription software play. While smaller companies tend to trade at significant multiples, the company trades at a steep discount to typical SaaS peers.

Vertex: A Valuation Re-Rating Play Of A Non-Discretionary Business

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

Will Vertex (VERX) Gain on Rising Earnings Estimates?

GREENVILLE, S.C.--(BUSINESS WIRE)--Current™ selects Vertex Innovative Solutions, Inc. as its new representative in upstate New York for its HLI, GLI and Forum Brands effective Sept. 1st

Current Selects Vertex Innovative Solutions, Inc. for Its Partner in Upstate New York

Research shows that delays in optimising inefficient finance and VAT management processes are stifling ambitious growth plans Research shows that delays in optimising inefficient finance and VAT management processes are stifling ambitious growth plans

Vertex Research Finds UKI e-Commerce Businesses are Falling Behind EU and US Counterparts in the Digital Transformation Race

Vertex, Inc. (NASDAQ:VERX ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Joe Crivelli - Vice President of Investor Relations David DeStefano - President and Chief Executive Officer John Schwab - Chief Financial Officer Conference Call Participants Josh Reilly - Needham Matt Stotler - William Blair Brad Reback - Stifel Samad Samana - Jefferies. Daniel Jester - BMO Capital Markets Pat Walravens - JMP Securities Operator Greetings, and welcome to the Vertex Second Quarter 2022 Earnings Conference Call.

Vertex, Inc. (VERX) CEO David DeStefano on Q2 2022 Results - Earnings Call Transcript

Vertex (VERX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vertex (VERX) Moves to Buy: Rationale Behind the Upgrade

KING OF PRUSSIA, Pa., Aug. 09, 2022 (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, 2022.

Vertex Announces Second Quarter 2022 Financial Results

Independent research study examines the value of a containerized edge solution for tax Independent research study examines the value of a containerized edge solution for tax

Vertex Research Finds 83% of Surveyed IT Decision Makers are Interested in Edge for Tax

Report Reveals Average U.S. Sales Tax Rate Reaches All-Time High Report Reveals Average U.S. Sales Tax Rate Reaches All-Time High

Vertex Mid-Year Report Highlights Rising Volatility in Sales Tax Rates

KING OF PRUSSIA, Pa., July 19, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) and its subsidiaries (“Vertex” or the “Company”), a leading global technology provider of indirect tax solutions, today announced the date for the release of its second quarter 2022 earnings and presentation at an upcoming investor conference.

Vertex Announces Second Quarter 2022 Earnings Release and Conference Call Date; Presenting at an Upcoming Investor Conference

LONDON, July 12, 2022 (GLOBE NEWSWIRE) -- A fragile yet prosperous business economy has encouraged finance leaders to identify new opportunities for growth in 2022. Yet, according to research by Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, over three-quarters of senior finance professionals are concerned scalability will be impeded by the complexities caused by indirect tax liability and financial process inefficiencies.

Research Shows Tax Compliance Issues Hinder E-Commerce Growth

Oracle Recognizes Vertex's Leadership and Innovation in Tax Technology for the Oracle Ecosystem Oracle Recognizes Vertex's Leadership and Innovation in Tax Technology for the Oracle Ecosystem

Vertex Wins the 2021 Oracle Change Agents Award – Visionary Award for ERP ISV Partner of the Year

KING OF PRUSSIA, Pa., May 23, 2022 (GLOBE NEWSWIRE) -- Vertex, Inc. today announced that it has been recognized by SAP as a finalist for a 2022 SAP® Pinnacle Award in the SAP Store category. The annual SAP Pinnacle Awards acknowledge the contributions of leading SAP partners that have excelled in developing and growing their partnership with SAP and helping customers meet their goals. Finalists and winners in 22 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators.

Vertex, Inc. Named a Finalist for 2022 SAP® Pinnacle Award in the SAP Store Category

Vertex, Inc. (NASDAQ:VERX ) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Ankit Hira - Investor Relations David DeStefano - Chief Executive Officer John Schwab - Chief Financial Officer Conference Call Participants Matt Stotler - William Blair Joshua Reilly - Needham Andrew DeGasperi - Berenberg Samad Samana - Jefferies Joey Marincek - JMP Brad Reback - Stifel Daniel Jester - BMO Operator Greetings, and welcome to Vertex, Inc. First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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