EngageSmart LLC

EngageSmart, Inc. engages in the provision of customer engagement software and integrated payments capabilities. Its operating segments include Enterprise Solutions and SMB Solutions. The Enterprise Solutions segment engages in SaaS solutions that simplify customer-client engagement primarily through electronic billing and digital payments. The SMB Solutions segment engages in the provision of end-to-end practice management solutions geared toward the wellness industry. The company was founded on December 7, 2018 and is headquartered in Braintree, MA.

Earnings data Q3 2021

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EngageSmart achieves record revenue and EBITDA in Q4 2022

EngageSmart delivered record revenue and adjusted EBITDA performance in Q4 2022, driven by strong customer growth and successful pricing changes, positioning the company well for future growth.
With a focus on automation, market expansion, and margin progression, EngageSmart is poised to capitalize on the U.S. market opportunity and drive sustained revenue growth in 2023.
Addressing challenges such as churn due to pricing changes and optimizing costs for margin expansion will be key focus areas for EngageSmart in maintaining its growth trajectory.

EngageSmart (ESMT) achieves record Q1 results, eyes growth opportunities

EngageSmart's Q1 performance showcased record revenue and EBITDA results, driven by strong customer growth, pricing strategies, and retention efforts.
The company's focus on customer-centricity, product innovation, and market potential positions it well for continued success and growth in the mental health care sector.
Challenges include seasonal fluctuations affecting ARPU, valuation concerns for M&A activities, and potential impacts of pricing changes on churn.
Opportunities lie in expanding digital payments, strengthening partnerships, and leveraging mental health care initiatives for growth and improved access to care.

EngageSmart reports record Q2 earnings, eyes telemedicine and acquisitions

EngageSmart's Q2 performance showcased strong financial results, driven by revenue growth, margin expansion, and strategic acquisitions.
The company's focus on operational efficiency, customer-centric approach, and long-term value creation positions it well for sustained growth.
Despite challenges in a competitive market, EngageSmart's strategic initiatives, financial stability, and growth opportunities bode well for future success.

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EngageSmart, Inc. engages in the provision of customer engagement software and integrated payments capabilities. It operates through the Enterprise Solutions and SMB Solutions segments. The Enterprise Solutions segment is involved in SaaS solutions that simplify customer-client engagement primarily through electronic billing and digital payments. The SMB Solutions segment focuses on the provision of end-to-end practice management solutions geared toward the wellness industry. The company was founded on December 7, 2018 and is headquartered in Braintree, MA.

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the 2022 Goldman Sachs Conference, taking place in San Francisco, California. Chief Executive Office Bob Bennett and Chief Financial Officer Cassandra Hudson will be interviewed in a fireside chat on Wednesday, September 14, 2022, at 5:15 p.m. PT / 8:15 p.m. ET. Management wi

EngageSmart to Present at the 2022 Goldman Sachs Communacopia + Technology Conference on September 14, 2022

The consensus price target hints at a 48% upside potential for EngageSmart (ESMT). 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.

How Much Upside is Left in EngageSmart (ESMT)? Wall Street Analysts Think 48%

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the Deutsche Bank Technology Conference, taking place in Las Vegas, Nevada. Chief Financial Officer Cassandra Hudson will be interviewed in a fireside chat on Wednesday, August 31, 2022, at 3:00 p.m. PT / 6:00 p.m. ET. Management will conduct meetings with investors at the co

EngageSmart to Present at the Deutsche Bank Technology Conference on August 31, 2022

FARR WEST, Utah & BOSTON--(BUSINESS WIRE)--Bona Vista Water Improvement District has received 75% of bill payments electronically since implementing InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, in April 2021. Bona Vista Water saved $5,000 in the first year with InvoiceCloud and saw a 20% decrease in payment related calls in the first six months, increasing collection efficiencies and reducing print and mail-in expenses. With 75% of invoices paid electroni

Bona Vista Water Receives 75% of Bill Payments Electronically with InvoiceCloud's Payment Solution

HORTONVILLE, Wis. & BOSTON--(BUSINESS WIRE)--Ellington Mutual Insurance Company has leveraged InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, to streamline payment processes and maximize operational efficiencies. Since implementing InvoiceCloud's payment solution, Ellington Mutual has experienced a 7x increase in its AutoPay adoption and discovered new opportunities to increase customer satisfaction. A leader in providing top-quality insurance in its field s

InvoiceCloud Customer Ellington Mutual Achieves 7x Increase in AutoPay Adoption

EngageSmart (ESMT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

EngageSmart (ESMT) Upgraded to Buy: Here's Why

SANTA MONICA, Calif.--(BUSINESS WIRE)--SimplePractice, an EngageSmart (NYSE: ESMT) solution and industry-leading platform simplifying the health and wellness experience, has been named the winner of a Gold Stevie® Award in the Health, Wellness, and Safety Solution Provider of the Year category in the seventh annual Stevie Awards for Great Employers. The Stevie Awards for Great Employers recognize the world's best employers and the human resources professionals, teams, achievements and HR-relate

EngageSmart Solution SimplePractice Honored as Gold Stevie® Award Winner in 2022 Stevie Awards for Great Employers

The average of price targets set by Wall Street analysts indicates a potential upside of 43.7% in EngageSmart (ESMT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think EngageSmart (ESMT) Could Surge 44%: Read This Before Placing a Bet

EngageSmart, Inc. (NYSE:ESMT ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Representatives Bob Bennett - Chief Executive Officer Cassandra Hudson - Chief Financial Officer Josh Schmidt - Investor Relations Conference Call Participant Terry Tillman - Truist Securities Bhavin Shah - Deutsche Bank John Davis - Raymond James Bob Napoli - William Blair Michael Rackers - Needham Madison Schrage - KeyBanc Operator Good morning and thank you for attending today's EngageSmart Second Quarter 2022 Earnings Call. My name is Aaron and I'll be your moderator today.

EngageSmart, Inc. (ESMT) CEO Bob Bennett on Q2 2022 Results - Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the second quarter ended June 30, 2022. "We are excited to report another strong quarter marked by high growth and increased profitability,” said Bob Bennett, EngageSmart CEO. “EngageSmart delivered revenue growth of 43% year over year and Adjusted EBITDA of $12 million, driven by exceptional tract

EngageSmart Announces Second Quarter 2022 Results

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the KeyBanc Technology Leadership Forum, taking place in Vail, Colorado. Chief Financial Officer Cassandra Hudson will be interviewed in a fireside chat on Tuesday, August 9, 2022, at 8:30 a.m. MT / 10:30 a.m. ET. Management will conduct meetings with investors at the confere

EngageSmart to Present at the KeyBanc Technology Leadership Forum on August 9, 2022

CINCINNATI--(BUSINESS WIRE)--DonorDrive, an EngageSmart (NYSE: ESMT) solution and makers of an advanced enterprise digital fundraising platform, announced it has been named Salesforce.org's 2022 Nonprofit Product Partner of the Year for the Americas. The award was presented during the Salesforce.org Unite Partner Summit on June 1, 2022. This award recognizes the partnership between Salesforce.org and DonorDrive and its success driving results for great causes, including some of the world's larg

DonorDrive Named Salesforce.org's 2022 Nonprofit Product Partner of the Year

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report second quarter 2022 financial results before the market opens on Thursday, August 4, 2022. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events.

EngageSmart to Announce Second Quarter 2022 Financial Results on August 4, 2022

ESCONDIDO, Calif. & BOSTON--(BUSINESS WIRE)--The City of Escondido has seen 62% overall self-service electronic payment adoption since implementing InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, in 2018. To keep up with the latest options in digital payments and offer utility customers an intuitive, frictionless bill payment experience, Escondido implemented the InvoiceCloud payment solution, which allows customers to pay utility bills via digital wallet, t

The City of Escondido Achieves 62% Overall Self-Service Electronic Payment Adoption with InvoiceCloud's Innovative Payment Solution

CLEARWATER, Fla. & BOSTON--(BUSINESS WIRE)--The city of Clearwater has chosen InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, to launch an enhanced online billing and payment system for Clearwater customers. The new online payment portal launched May 31. With InvoiceCloud, the city of Clearwater offers customers a more intuitive, convenient, and comprehensive way to pay and manage their utility bills online. The city's more than 118,000 residents now have th

The City of Clearwater Launches New Online Payment System with InvoiceCloud

BOSTON--(BUSINESS WIRE)--James City County has seen a 1,060% increase in electronic payments after choosing InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services. James City County and InvoiceCloud first started working together in April 2019, and e-adoption continues to grow. James City County switched its payments platform to InvoiceCloud in order to offer customers the latest options in digital payments and increase business efficiencies. In addition to increase

James City County Sees 11x Increase in Electronic Payments with InvoiceCloud's Innovative Payments Solutions

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the William Blair 42nd Annual Growth Stock Conference, taking place in Chicago, Illinois. Chief Executive Officer Bob Bennett will be presenting on Thursday, June 9, 2022, at 10:40 am CT / 11:40 am ET. Management will conduct meetings with investors at the conference on June

EngageSmart to Present at the William Blair 42nd Annual Growth Stock Conference on June 9, 2022

CINCINNATI--(BUSINESS WIRE)--DonorDrive, an EngageSmart (NYSE: ESMT) solution and digital fundraising platform for enterprise nonprofits, announced that the Crohn's and Colitis Foundation, a nonprofit organization dedicated to finding cures for Crohn's disease and ulcerative colitis, has selected DonorDrive to elevate its donation and fundraising platform. This collaboration comes after a year of record customer growth for DonorDrive. “We've been on a journey to take our fundraising initiatives

DonorDrive Signs Alliance With the Crohn's and Colitis Foundation Along With Several Significant New Clients in Q4 2021 and Q1 2022

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference. Chief Executive Officer Bob Bennett will be interviewed in a fireside chat on Wednesday, May 25, 2022, at 3:10 pm ET. Management will conduct meetings at the conference with investors on May 2

EngageSmart to Present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022

The consensus price target hints at an 82.6% upside potential for EngageSmart (ESMT). 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.

Wall Street Analysts Think EngageSmart (ESMT) Could Surge 83%: Read This Before Placing a Bet

EngageSmart, Inc. (NYSE:ESMT ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Josh Schmidt - Investor Relations Robert Bennett - Chief Executive Officer Cassandra Hudson - Chief Financial Officer Conference Call Participants William Nance - Goldman Sachs Group Terrell Tillman - Truist Securities, Inc. Cristopher Kennedy - William Blair & Company, LLC John Davis - Raymond James & Associates, Inc. Scott Berg - Needham & Company, LLC Ashwin Shirvaikar - Citigroup Inc. Madison Schrage - KeyBanc Capital Markets Inc. Operator Good morning. Thank you for attending today's EngageSmart First Quarter 2022 Earnings Call.

EngageSmart, Inc. (ESMT) CEO Robert Bennett on Q1 2022 Results - Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the first quarter ended March 31, 2022. “EngageSmart had an exceptionally strong start to fiscal year 2022, delivering yet another quarter of record revenue with 42% year-over-year total revenue growth,” said Bob Bennett, EngageSmart CEO. “We continued to see excellent traction in our vertically ta

EngageSmart Announces First Quarter 2022 Results

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named a Top Workplace for Leadership, Innovation, Work-Life Flexibility, Compensation & Benefits, and Purpose & Values. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology provider Energage, LLC. The anonymous survey uniquely measures 15 cu

EngageSmart Named Top Workplace for Leadership, Innovation, Work-Life Flexibility, Compensation & Benefits, and Purpose & Values

MACON, Ga. & BOSTON--(BUSINESS WIRE)--Georgia Farm Bureau Insurance has selected InvoiceCloud, an EngageSmart (NYSE: ESMT), utilizing InvoiceCloud's solution for online bill payment services, to launch an enhanced online billing and payment system for members of Georgia Farm Bureau. The new online payment portal launched on April 2. With InvoiceCloud, Georgia Farm Bureau Insurance continues to offer online payment and digital account management, but with far more options and a better user exper

Georgia Farm Bureau Insurance and InvoiceCloud to Launch New Online Payment System

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report first quarter 2022 financial results before the market opens on Thursday, May 5, 2022. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events./. A

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