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DALLAS - Thryv Holdings, Inc. (NASDAQ:THRY), a $563 million market cap software company with annual revenues of $772 million, announced Wednesday that Lou Orfanos, Senior Vice President and General Manager of Commerce at Toast, has been elected to its Board of Directors.
The election took place on June 12, according to a company press release. Orfanos, who leads Toast’s core restaurant and commerce business, brings over 20 years of experience in product development, sales, marketing, and customer success to the role.
Prior to his position at Toast, Orfanos served as General Manager and Vice President of Product at HubSpot, where he led the growth of Sales Hub into a leading customer relationship management platform for small businesses.
"Lou is a valuable addition to our board, given his impressive track record of scaling high-growth SaaS companies that serve the SMB market," said Joe Walsh, Chairman and CEO of Thryv. According to InvestingPro data, analysts maintain a Strong Buy consensus on the stock, with price targets ranging from $16 to $26.
Orfanos also serves as a guest lecturer in the product management MBA program at Harvard Business School and is active in startup investing and mentoring. He holds a Bachelor of Science degree from Bentley University.
Thryv provides sales and marketing software designed for small businesses, with a platform that includes marketing automation, appointment scheduling, and payment processing capabilities. The company serves more than 100,000 small business clients globally. InvestingPro analysis indicates the company is currently undervalued, with analysts expecting profitability this year despite recent challenges. Get deeper insights with InvestingPro’s comprehensive research report, available along with 12+ additional ProTips and extensive financial metrics.
In other recent news, Thryv Holdings Inc. announced its first-quarter 2025 earnings, revealing a mixed financial picture. The company reported a larger-than-expected loss per share of -$0.22, missing the forecast of -$0.166, but its revenue exceeded expectations, reaching $181.37 million against the anticipated $173.83 million. Thryv’s SaaS revenue showed significant growth, increasing by 50% year-over-year to $111.1 million, with total SaaS subscribers rising by 59% to 111,000. Despite these positive revenue figures, the company’s stock fell 6.39% in pre-market trading, reflecting investor concerns over the earnings miss. The company also provided a cautious outlook, with Q2 SaaS revenue guidance set between $113 million and $115 million, and full-year SaaS revenue expected to range from $460.5 million to $471 million. Analyst firm William Blair noted the company’s strong start to the year, highlighting a record high net retention rate of 103%, which indicates successful cross-selling and expansion efforts. Thryv’s strategic focus on transforming from a marketing services company to a SaaS business continues to shape its operational and financial strategies.
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