Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
DENVER - EverCommerce Inc. (NASDAQ:EVCM) shares fell 6% in after-hours trading on Thursday after the service commerce platform provider issued weaker-than-expected guidance for the first quarter, overshadowing better-than-expected fourth quarter results.
The company reported fourth quarter revenue of $175 million, up 3.3% YoY and above analyst estimates of $170.52 million. Adjusted earnings per share came in at -$0.07, missing expectations of -$0.01.
However, EverCommerce’s outlook for the first quarter fell short of Wall Street projections. The company expects Q1 revenue between $138 million and $141 million, well below the consensus estimate of $174.8 million.
"EverCommerce’s fourth quarter results once again exceeded the top end of our guidance range for both revenue and Adjusted EBITDA," said CEO Eric Remer. He noted the company made "material progress" on transformation initiatives during the quarter.
For the full year 2025, EverCommerce forecasts revenue of $581 million to $601 million and adjusted EBITDA of $167.5 million to $175.5 million.
The company also announced it is evaluating strategic alternatives for its marketing technology solutions business, which it expects could result in a sale within the next 12 months.
EverCommerce repurchased and retired 0.6 million shares of common stock for approximately $7 million during Q4. As of December 31, $32.7 million remained available under its repurchase program.
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