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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Delivers an end-to-end cloud-based solution to meet the tax needs of SAP customers Delivers an end-to-end cloud-based solution to meet the tax needs of SAP customers

Vertex Indirect Tax Determination Solution Now an SAP Endorsed App on SAP® Store

KING OF PRUSSIA, Pa., July 17, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release second quarter 2023 financial results before the market opens on Wednesday, August 9, 2023. 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 2023 Financial Results on Wednesday, August 9, 2023

bluebird bio

An influential U.S. drug pricing watchdog raised the price estimate of two experimental gene therapies from Vertex Pharmaceuticals /CRISPR Therapeutics and bluebird bio to as much as $2.05 mln, saying the new price can be cost effective to treat sickle cell disease.

U.S. watchdog lifts price estimate for Bluebird, Vertex/CRISPR gene therapies to $2.1 mln

KING OF PRUSSIA, Pa., June 29, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today that its Vertex® Indirect Tax Chain Flow Accelerator has once again achieved SAP® certification as integrated with RISE with SAP S/4HANA® Cloud. The Chain Flow Accelerator reduces tax complexity by providing enhanced functionality for creation, configuration and visualization of transactions to improve value added tax (VAT) determination and efficiency.

Vertex Indirect Tax Chain Flow Accelerator Achieves SAP® Certified Integration with RISE with SAP S/4HANA® Cloud

VERX has shown strong performance momentum and positive trends in key metrics. AVLR ChatGPT plugin is not a significant threat to VERX, as the latter has experience and a lead in integrating AI/ML in its offerings and provides proven reliability and complex enterprise integration. Risks to monitor include decelerating Cloud revenue and limited penetration left in the enterprise segment.

Vertex: Share Price Weakness Represents Another Buy Point

Tax software may not be the most glamorous business; as of today, no company in that industry has launched a virtual reality headset. However, if you're scouting for a company with solid double-digit revenue growth that's being snapped up by institutional investors, then Vertex Inc. NASDAQ: VERX may fit the bill.

Tax Software Specialist Vertex In Buy Zone After Base Breakout

Vertex is the IBD Stock Of The Day as the maker of corporate tax compliance software shows its resilience in an unstable market.

Vertex Stock Flirts With Buy Point On Steady Growth Prospects

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LONDON, May 24, 2023 (GLOBE NEWSWIRE) -- Increasingly, businesses are turning to marketplaces to sell products and services online, with three out of five using third-party operators to reach a wider geographical market. Yet, according to research by Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, a growing demand for cross-border sales is causing operational challenges. The study identifies indirect tax complexities as a concern both parties are facing and need to address.

Research Reveals Indirect Tax Compliance a Top Concern with Marketplace Operators and Sellers Looking to Keep Operational Challenges at a Minimum with Growing Demand for Cross-Border Sales

Vertex, Inc. (NASDAQ:VERX ) Q1 2023 Earnings Conference Call May 10, 2023 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 Matt Stotler - William Blair Adam Hotchkiss - Goldman Sachs Joshua Rilley - Needham Daniel Jester - BMO Capital Markets Steve Enders - Citi Andrew DeGasperi - Berenberg Brad Sills - Bank of America Operator Greetings. Welcome to Vertex's First Quarter 2023 Earnings Conference Call.

Vertex, Inc. (VERX) Q1 2023 Earnings Call Transcript

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

Vertex (VERX) Q1 Earnings Meet Estimates

KING OF PRUSSIA, Pa., May 10, 2023 (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, 2023.

Vertex Announces First Quarter 2023 Financial Results

Vertex Grows Top Line But Macro Clouds Darken

KING OF PRUSSIA, Pa., April 17, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release first quarter 2023 financial results before the market opens on Wednesday, May 10, 2023. A conference call to discuss the results will be held at 8:30 a.m. Eastern Time that same day.

Vertex to Announce First Quarter 2023 Financial Results on Wednesday, May 10, 2023

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While the enterprise software makers are in the doldrums, and the financial sector tries to recover from a battering, a few specialty software firms, including Intapp Inc. (NASDAQ: INTA), Vertex Inc. (NASDAQ: VERX), and GuidewIre Software Inc. (NYSE: GWRE) are headed toward greater profitability, and also boast strong chart action.

3 Small Financial Software Makers Showing Strong Chart Action

Vertex, Inc. (NASDAQ:VERX ) Q4 2022 Earnings Call Transcript March 8, 2023 8:30 AM ET Company Participants Joe Crivelli - Vice President, Investor Relations David DeStefano - President & Chief Executive Officer John Schwab - Chief Financial Officer Conference Call Participants Matt Stotler - William Blair Joshua Reilly - Needham & Company Daniel Jester - BMO Capital Markets Andrew DeGasperi - Berenberg Samad Samana - Jefferies Steve Enders - Citi Alex Klar - Raymond James Adam Hotchkiss - Goldman Sachs Pat Walravens - JMP Securities Operator Greetings. Welcome to Vertex's Fourth Quarter 2022 Earnings Conference Call.

Vertex, Inc. (VERX) Q4 2022 Earnings Call Transcript

Vertex (VERX) delivered earnings and revenue surprises of 60% and 4.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Vertex (VERX) Q4 Earnings and Revenues Top Estimates

KING OF PRUSSIA, Pa., March 08, 2023 (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, 2022.

Vertex Announces Fourth Quarter and Full Year 2022 Financial Results

Vertex (VERX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vertex (VERX) Expected to Beat Earnings Estimates: Should You Buy?

KING OF PRUSSIA, Pa., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release fourth quarter 2022 financial results before the market opens on Wednesday, March 8, 2023. A conference call to discuss the results will follow at 8:30 a.m. Eastern Time that same day.

Vertex to Announce Fourth Quarter 2022 Financial Results on Wednesday, March 8, 2023

The only tax technology provider to earn HDI Support Center Certification The only tax technology provider to earn HDI Support Center Certification

Vertex Recognized for Exceptional Customer Experience

Vertex (VERX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Vertex (VERX) Beat Estimates Again in Its Next Earnings Report?

KING OF PRUSSIA, Pa., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company), a global provider of tax technology solutions, released its annual End-of-Year Sales Tax Rates and Rules report, which found that while the total number of transaction tax changes across the U.S. declined, most jurisdiction categories actually continued to see rate increases.

Vertex 2022 Sales Tax Rates and Rules Report: Decline in Rate Changes Belies Increases Across Most Jurisdictions

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.

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