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Forbes
11 hours ago
- Business
- Forbes
15 Products Our Editors Are Loving In June—All On Sale
Every month, Forbes Vetted assistant deals editor Jordan Thomas secures exclusive discounts on our staffers' current favorites. Read on for curated offers you won't find anywhere else. If you've ever wondered which products shopping editors actually buy and use outside of work, you're not alone. I was curious, so I polled Forbes Vetted writers and editors to find out what they're loving this month. And because there's nothing better than getting a deal on a top-performing product, I secured some exclusive discounts so that you can try their favorites out for less. With these codes, you can save up to 35% on picks from Dagne Dover, Brightland, Everlane and more. Shop our editor's favorite products this month for less with these exclusive discounts. Whether you're looking for a gift, like a Keap Candle Subscription, an enrichment toy for your furry friend, or the perfect summer short, these exclusive deals will come in handy. In fact, some of the promo codes extend to the brands' entire sites—not just our editors' favorite items. All of the discounts below will be live through June 23. Read on for the products we can't stop talking about this month, all on sale. Keap Candles I love candles, but I'm extremely particular about scents. Keap has a knack for creating rich, gorgeous scents that aren't overwhelming. This woodsy scent is an all-time favorite of mine. You can pick up an individual candle or treat yourself to a subscription for 15% off with code VETTEDFORSUMMER. Just note that the brand gave its team a summer holiday, so orders won't ship until June 23. Everlane Everlane is my one-stop shop for wardrobe staples, particularly pants and shorts. Anyone who's ever set off to find the perfect pair of pants only to return home demoralized and empty handed knows what a big deal it is to find your brand. Everlane meets all my requirements: Its pieces are simple, well-made and versatile. This classic short is made of a substantial material with deep pockets and a comfortable (but not overly roomy) fit. Try them out for 20% off with code FORBES20. Ere Perez Natural Cosmetics If sensitive skin makes it difficult for you to find the right makeup, updates writer Claire Epting recommends this foundation. 'This foundation is seriously the best—it has a dewy finish, it's easily buildable and looks so natural,' she says. 'I only use a little bit at a time for my everyday look, so I know the bottle will last a while.' And speaking of the bottle: It's made from recycled plastic, another plus. This 20% discount is also good for its Corn Setting Powder, the Lychee Crème Corrector and the Arnica All Cover Pot. Dange Dover Looking to swap your belt bag out for something that can also fit your water bottle? Code FORBES gets you 20% off this chic Dagne Dover design. 'With the weather finally getting nicer here in New York City, this Dagne Dover bag has become my go-to accessory,' says supervising deals and coupons editor Kara Cuzzone. 'It's perfect for dog park trips and long afternoon walks. I love that I can secure my water bottle (or my dog's) in the center and throw it over my should so that I'm hands-free.' It also allots plenty of space for other essentials, like your phone and keys, so you don't have to double up with a second bag. Brightland If you love cooking, kids and baby gear editor Esther Carlstone has a not-so-secret ingredient she loves adding to meals: Brightland's Pizza Oil. 'On top of pizza, on avocado toast or even eggs, I use this bright and zingy oil on so many things for extra oomph,' she says. Use code FORBES15 to save 15% on the oil as well as the Pizza Night Set, which includes the popular Alive Extra-Virgin Olive Oil and Rapture Balsamic Vinegar. Cozy Earth I know it's getting hot outside, but a great blanket is never out of season. I drag this blanket everywhere I go in the house. It's perfect for a movie night or an afternoon curled up with a good book. The blanket is silky and soft, and it doesn't cling to pet hair as intensely as many other blanket in my linen closet. Plus, it has a satisfying, soothing weight to it. Cozy Earth often offers up to 30% off sitewide, but this 35% discount is a nice chance to save a little extra. Use code FORBESVETTED to save. MDSolarSciences™ I helped test products for our list of the best sunscreens and this mineral formula was my favorite. It's the first sunscreen I've ever owned that I don't dread putting on. It spread like wildfire through my friend group for multiple reasons: It goes on incredibly smooth, it doesn't smell, it's not sticky and it's great for sensitive skin. Use code FORBES to save 35% on this bottle. You can also use the code for 35% off the 1.7-ounce bottle of the Mineral Crème SPF 50. Pura Deals and coupons writer Bianca Alvarez loves all of Pura's diffusers, especially this portable design. 'It's perfectly compact and small enough to fit into my cup holder, plus it's easy to use,' she says. "When I tap it on, the scent fills up the car to just the perfect amount where people compliment [it] without getting overwhelmed." The discount also applies to all fragrances when you use code PURAVETTED. Woof 'The Woof Pupsicle is one of the best dog enrichment toys on the market in my opinion,' says managing editor Emmy Favilla. 'It keeps both my 5-year-old and 14-year-old large dogs busy (and it's also the first 'toy' that my aunt's senior dog has played with in years). It's basically a spherical, durable container they can chew that you pop one of their treat balls into—or you can make your own with Woof's mix—and it's a great way to keep them entertained without having to worry about squeakers or choking hazards." Use code FORBES15 to save 15% on orders of $25 or more. Youth To The People Deals editor Maya Gandara has been obsessed with this eye cream for years. 'It's one of the few formulas I've actually seen make a difference,' she says. 'I deal with puffiness (and more recently, dark circles) around my eye area, and this cream helps minimize both concerns effectively. I love that it sinks in quickly, feels lightweight on the skin and doesn't pill when makeup is applied over it.' The formula also has a slight shimmer that immediately brightens the skin and makes you look more awake. Take advantage of 15% off sitewide (minus new launches) with code FORBES15. Tippy Type Senior distribution strategist Kristina Bornholtz is our North Star to all things cool—from the practical to the esoteric. 'I'm obsessed with my Tippy Type. Everyone here knows that I love my press-on nails, but it can be hard to type on the Mac keyboard with them on. The Tippy Type is basically a silicone keyboard cover with 'lifts' that make it easier to type with long nails.' If you have a similar lament, use this link to grab a cover for yourself in a variety of colors at 20% off. Everlane This is easily my favorite and most convenient bag. I bought it as a daypack for a big trip abroad this year, and it was perfect. It's simple, durable and doesn't look goofy. It also holds a surprising amount for the size, including my phone, wallet, a portable charger and even a Sony handy-cam. Another bonus: The adjustable strap doesn't have a buckle, so you don't have to worry about it unclipping (or being unclipped) unexpectedly. Use code FORBES20 to take 20% off now. Naturium Another sensitive skin win, Alverez is a big fan of Naturium's effective and gentle formulas. 'I need a moisturizing body lotion, but in the summer I prefer something lightweight that layers under my sunscreen without feeling sticky, heavy and greasy. This is perfect," she says. 'It's fast absorbing, reduces any dullness and leaves a hydrating glow on my skin.' She's also uses its Phyto-Glow Lip Mask day and night and recommends its Calmer Ceremide Body Wash that she says is a 'godsend for my dry, exzcema-prone skin.' Use code FORBES15 to take 15% off all of the products above. Cozy Earth Much like sheets, towels are one of those daily luxuries that are worth the splurge. These plush bath sheets from Cozy Earth have been my favorite towels for a while now. They're soft and just push enough without sacrificing absorbency. If you prefer a waffle towel, I'm also a fan of its Waffle Bath Sheet. It's a little more structured and textured, but equally effective at getting you dry. You can grab both (and anything else on the site) for 35% off with code FORBESVETTED. Purple Carrot I've tried a handful of meal delivery services and, despite not being vegan, Purple Carrot is my favorite by far. Its recipes are interesting and always delicious, and I use some of the techniques and recipes I've learned from it in my own cooking adventures. If you're curious about implementing a few meatless days into your meal plan—or simply tired of the Sisyphean task of deciding what to eat every week—get your first order for 50% off right now with code FORBES.
Yahoo
01-05-2025
- Business
- Yahoo
Thryv Grows SaaS Revenue in First Quarter 2025, First Quarter Results Exceed Guidance
– Q1 SaaS Revenue Increased 50% Year-Over-Year– Q1 SaaS Revenue (Ex-Keap) Increased 24% Year-Over-Year– Q1 SaaS Revenue over 60% of Total Revenue– Q1 Record Seasoned NRR of 103% DALLAS, May 01, 2025--(BUSINESS WIRE)--Thryv Holdings, Inc. (NASDAQ:THRY) ("Thryv" or the "Company"), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in SaaS revenue of 50% year-over-year in the first quarter of 2025. "Thryv started 2025 with strong positive momentum as SaaS revenue accelerated to over 60% of total revenue, underscoring the progress of our strategic transformation into a premier SMB software business," said Joe Walsh, Thryv Chairman and CEO. "While we remain focused on acquiring and upgrading subscribers to the platform, we have been deepening relationships with our existing customers and expanding ARPU. We are leaning into cross-selling and anticipate continued growth as we enhance our product-led strategy and expand into new verticals. Looking ahead, the resilient customer demand we are experiencing is encouraging, and we are committed to driving sustainable, profitable growth as we continue to invest in our platform." "In the first quarter, we exceeded our guidance, and balanced SaaS top-line growth with disciplined cost management," stated Paul Rouse, Chief Financial Officer. "Seasoned NRR increased to a record 103% in the first quarter as a result of upselling and cross-selling additional products and services to our customer base. For the remainder of 2025, we expect to deliver SaaS revenue growth and continued SaaS Adjusted EBITDA margin improvement." First Quarter 2025 Highlights: SaaS revenue was $111.1 million, a 50% increase year-over-year SaaS revenue excluding Keap was $92.2 million, a 24% increase year-over-year Marketing Services revenue was $70.2 million, a 56% decrease year-over-year Consolidated total revenue was $181.4 million, a decrease of 22% year-over-year Consolidated net loss was $9.6 million, or $(0.22) per diluted share; compared to net income of $8.4 million, or $0.22 per diluted share, for the first quarter of 2024 Consolidated Adjusted EBITDA was $20.9 million, representing an Adjusted EBITDA margin of 11.5% SaaS Adjusted EBITDA was $10.8 million, representing an Adjusted EBITDA margin of 9.7% Total Marketing Services Adjusted EBITDA was $10.1 million, representing an Adjusted EBITDA margin of 14.4% Consolidated Gross Profit was $119.3 million Consolidated Adjusted Gross Profit1 was $123.7 million SaaS Gross Profit was $78.8 million, representing a Gross Margin of 70.9% SaaS Adjusted Gross Profit2 was $81.5 million, representing an Adjusted Gross Margin of 73.3% SaaS Metrics SaaS clients increased 59% year-over-year to 111 thousand at the end of the first quarter of 2025 SaaS clients, excluding Keap, increased 37% year-over-year to 96 thousand Seasoned Net Revenue Retention2 was 103% for the first quarter of 2025, an increase of 900 bps year-over-year, excluding Keap SaaS monthly Average Revenue per Unit ("ARPU")3 was $335 for the first quarter of 2025 ThryvPay total payment volume was $71 million, an increase of 13% year-over-year Outlook Based on information available as of April 30, 2025, Thryv is issuing guidance4 for the second quarter of 2025 and full year 2025 as indicated below: 2nd Quarter Full Year (in millions) 2025 2025 SaaS Revenue $113.0 - $115.0 $460.5 - $471.0 SaaS Adjusted EBITDA $18.5 - $19.5 $67.0 - $71.0 2nd Quarter 3rd Quarter 4th Quarter Full Year (in millions) 2025 2025 2025 2025 Marketing Services Revenue $90.0 - $91.0 $83.0 - $84.0 $72.0 - $73.0 $310.0 - $314.0 Marketing Services Adjusted EBITDA $24.0 - $26.0 $77.5 - $78.5 ____________________ 1 Defined as Gross profit adjusted to exclude the impact of depreciation and amortization expense and stock-based compensation expense. 2 Seasoned Net Revenue Retention is defined as net dollar retention excluding clients acquired over the previous 12 months as well as clients acquired in the Keap acquisition which closed on October 31, 2024. 3 Defined as total client billings for a particular month divided by the number of clients that have one or more revenue-generating solutions in that same month. This is a blended calculation and inclusive of the impact from the Keap acquisition. 4 These statements are forward-looking and actual results may materially differ. Refer to the "Forward-Looking Statements" section below for information on the factors that could cause our actual results to materially differ from these forward-looking statements. Earnings Conference Call Information Thryv will host a conference call on Thursday, May 1, 2025 at 8:30 a.m. (Eastern Time) to discuss the Company's first quarter 2024 results. For analysts to register for this conference call, please use this link. After registering, a confirmation email will be sent, including dial-in details and a unique code for entry. We recommend registering a day in advance or at a minimum thirty minutes prior to the start of the call. To listen to the webcast, please use this link or visit Thryv's Investor Relations website at A live webcast will also be available on the Investor Relations section of the Company's website at If you are unable to participate in the conference call, a replay will be available at this link. Thryv Holdings, Inc. and Subsidiaries Consolidated Statements of Operations and Comprehensive (Loss) Income Three Months Ended March 31, (in thousands, except share and per share data) 2025 2024 Revenue $ 181,371 $ 233,624 Cost of services 62,083 79,983 Gross profit 119,288 153,641 Operating expenses: Sales and marketing 70,051 70,091 General and administrative 52,271 52,416 Total operating expenses 122,322 122,507 Operating (loss) income (3,034 ) 31,134 Other income (expense): Interest expense (6,067 ) (13,359 ) Interest expense, related party (3,006 ) — Other components of net periodic pension cost (768 ) (1,581 ) Other income (expense) 392 (2,373 ) (Loss) income before income tax benefit (expense) (12,483 ) 13,821 Income tax benefit (expense) 2,865 (5,397 ) Net (loss) income $ (9,618 ) $ 8,424 Other comprehensive income (loss): Foreign currency translation adjustment, net of tax (187 ) (265 ) Comprehensive (loss) income $ (9,805 ) $ 8,159 Net (loss) income per common share: Basic $ (0.22 ) $ 0.24 Diluted $ (0.22 ) $ 0.22 Weighted-average shares used in computing basic and diluted net (loss) income per common share: Basic 43,412,366 35,186,121 Diluted 43,412,366 37,985,785 Thryv Holdings, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share data) March 31, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 10,993 $ 16,311 Accounts receivable, net of allowance of $13,144 in 2025 and $13,051 in 2024 139,894 161,620 Contract assets, net of allowance of $33 in 2025 and $29 in 2024 1,980 2,127 Taxes receivable 7,493 6,218 Prepaid expenses 30,806 13,923 Deferred costs 9,486 8,402 Other current assets 2,035 2,119 Total current assets 202,687 210,720 Fixed assets and capitalized software, net 41,998 44,478 Goodwill 253,809 253,318 Intangible assets, net 31,956 34,259 Deferred tax assets 146,530 143,495 Other assets 26,754 25,895 Total assets $ 703,734 $ 712,165 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 5,894 $ 13,011 Accrued liabilities 80,828 95,462 Current portion of unrecognized tax benefits 26,703 26,196 Contract liabilities 42,873 40,315 Current portion of Term Loan 15,750 — Current portion of Term Loan, related party 10,500 5,250 Other current liabilities 6,847 8,151 Total current liabilities 189,395 196,260 Term Loan, net 139,565 — Term Loan, net, related party 95,382 100,436 ABL Facility 37,790 — Pension obligations, net 38,699 38,014 Other liabilities 9,672 9,759 Total long-term liabilities 321,108 318,985 Commitments and contingencies Stockholders' equity Common stock - $0.01 par value, 250,000,000 shares authorized; 71,496,077 shares issued and 43,728,331 shares outstanding at March 31, 2025; and 70,556,740 shares issued and 43,033,960 shares outstanding at December 31, 2024 715 706 Additional paid-in capital 1,282,424 1,272,476 Treasury stock - 27,767,746 shares at March 31, 2025 and 27,522,780 shares at December 31, 2024 (492,744 ) (488,903 ) Accumulated other comprehensive loss (15,128 ) (14,941 ) Accumulated deficit (582,036 ) (572,418 ) Total stockholders' equity 193,231 196,920 Total liabilities and stockholders' equity $ 703,734 $ 712,165 Thryv Holdings, Inc. and Subsidiaries Consolidated Statements of Cash Flows Three Months Ended March 31, (in thousands) 2025 2024 Cash Flows from Operating Activities Net (loss) income $ (9,618 ) $ 8,424 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 11,516 14,553 Amortization of deferred commissions 3,499 4,849 Amortization of debt issuance costs 830 1,310 Deferred income taxes (2,986 ) (3,110 ) Provision for credit losses and service credits 3,782 7,475 Stock-based compensation expense 7,737 5,289 Other components of net periodic pension cost 768 1,581 Other (355 ) (779 ) Changes in working capital items, excluding acquisitions: Accounts receivable 16,840 (9,750 ) Contract assets 147 (1,670 ) Prepaid expenses and other assets (20,672 ) (18,169 ) Accounts payable and accrued liabilities (22,338 ) (5,754 ) Other liabilities 369 1,189 Net cash (used in) provided by operating activities (10,481 ) 5,438 Cash Flows from Investing Activities Additions to fixed assets and capitalized software (7,085 ) (7,278 ) Acquisition of a business, net of cash acquired (143 ) — Net cash used in investing activities (7,228 ) (7,278 ) Cash Flows from Financing Activities Payments of Term Loan — (9,368 ) Proceeds from ABL Facility 109,647 205,351 Payments of ABL Facility (95,748 ) (198,459 ) Other (1,620 ) 918 Net cash provided by (used in) financing activities 12,279 (1,558 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 124 (723 ) (Decrease) in cash, cash equivalents and restricted cash (5,306 ) (4,121 ) Cash, cash equivalents and restricted cash, beginning of period 17,760 20,530 Cash, cash equivalents and restricted cash, end of period $ 12,454 $ 16,409 Supplemental Information Cash paid for interest $ 8,256 $ 11,911 Cash paid for income taxes, net $ 1,178 $ 1,915 Segment Information The following tables summarize the operating results of the Company's reportable segments: Three Months Ended March 31, Change (in thousands) 2025 2024 Amount % Revenue SaaS $ 111,129 $ 74,322 $ 36,807 49.5 % Marketing Services 70,242 159,302 (89,060 ) (55.9 )% Total Revenue $ 181,371 $ 233,624 $ (52,253 ) (22.4 )% Adjusted EBITDA SaaS $ 10,815 $ 3,435 $ 7,380 214.8 % Marketing Services 10,086 50,679 (40,593 ) (80.1 )% Consolidated Adjusted EBITDA5 $ 20,901 $ 54,114 $ (33,213 ) (61.4 )% The following tables set forth reconciliations of our SaaS revenue for the Company to SaaS revenue excluding Keap and Keap SaaS revenue: Three Months Ended March 31, (in thousands) 2025 2024 Reconciliation of SaaS Revenue SaaS Revenue $ 111,129 $ 74,322 Less: Keap SaaS Revenue 18,882 — SaaS Revenue (excluding Keap) $ 92,247 $ 74,322 ____________________ 5 Consolidated Adjusted EBITDA is equal to SaaS Adjusted EBITDA and Marketing Services Adjusted EBITDA. See Non-GAAP Measures below for a reconciliation of Consolidated Adjusted EBITDA to Net income (loss). Non-GAAP Measures Our results included in this press release include Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Gross Profit, which are not presented in accordance with U.S. generally accepted accounting principles ("GAAP"). We have included Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Gross Profit because management believes they provide useful information to investors in gaining an overall understanding of our current financial performance and provide consistency and comparability with past financial performance. Specifically, we believe Adjusted EBITDA provides useful information to management and investors by excluding certain non-operating items that we believe are not indicative of our core operating results. In addition, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit are used by management for budgeting and forecasting as well as measuring the Company's performance. We believe Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Gross Profit provide investors with the financial measures that closely align with our internal processes. We define Adjusted EBITDA ("Adjusted EBITDA") as Net income (loss) plus Interest expense, Income tax expense, Depreciation and amortization expense, Restructuring and integration expenses, Stock-based compensation expense, and non-operating expenses, such as Other components of net periodic pension cost and certain unusual and non-recurring charges that might have been incurred. Adjusted EBITDA should not be considered as an alternative to Net income (loss) as a performance measure. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. We define Adjusted Gross Profit ("Adjusted Gross Profit") as Gross profit adjusted to exclude the impact of Depreciation and amortization expense and Stock-based compensation expense. Non-GAAP financial information has limitations as an analytical tool and is presented for supplemental informational purposes only. Such information should not be considered a substitute for financial information presented in accordance with U.S. GAAP and may be different from similarly-titled non-GAAP measures used by other companies. The following is a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, Net (loss) income: Three Months Ended March 31, (in thousands) 2025 2024 Reconciliation of Adjusted EBITDA Net (loss) income $ (9,618 ) $ 8,424 Interest expense 9,073 13,359 Depreciation and amortization expense 11,516 14,553 Stock-based compensation expense (1) 7,737 5,289 Restructuring and integration expenses (2) 4,682 5,265 Income tax (benefit) expense (2,865 ) 5,397 Other components of net periodic pension cost (4) 768 1,581 Other (5) (392 ) 246 Adjusted EBITDA $ 20,901 $ 54,114 (1) We record stock-based compensation expense related to the amortization of grant date fair value of the Company's stock-based compensation awards. (2) For the three months ended March 31, 2025 and 2024, expenses relate to periodic efforts to enhance efficiencies and reduce costs, and include severance benefits, and costs associated with abandoned facilities and system consolidation. For more information on our restructuring and integration expenses, please see our Q1 2025 Quarterly Report on Form 10-Q. (3) Other components of net periodic pension cost is from our non-contributory defined benefit pension plans that are currently frozen and incur no additional service costs. The most significant component of Other components of net periodic pension cost relates to periodic mark-to-market pension remeasurement. (4) Other primarily includes foreign exchange-related (income) expense. The following tables set forth reconciliations of Adjusted Gross Profit and Adjusted Gross Margin, to their most directly comparable GAAP measures, Gross profit and Gross margin: Three Months Ended March 31, 2025 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross profit $ 78,770 $ 40,518 $ 119,288 Plus: Depreciation and amortization expense 2,598 1,627 4,225 Stock-based compensation expense 84 70 154 Adjusted Gross Profit $ 81,452 $ 42,215 $ 123,667 Gross Margin 70.9 % 57.7 % 65.8 % Adjusted Gross Margin 73.3 % 60.1 % 68.2 % Three Months Ended March 31, 2024 (in thousands) SaaS Marketing Services Total Reconciliation of Adjusted Gross Profit Gross profit $ 49,095 $ 104,546 $ 153,641 Plus: Depreciation and amortization expense 1,704 4,072 5,776 Stock-based compensation expense 60 113 173 Adjusted Gross Profit $ 50,859 $ 108,731 $ 159,590 Gross Margin 66.1 % 65.6 % 65.8 % Adjusted Gross Margin 68.4 % 68.3 % 68.3 % Supplemental Financial Information The following supplemental financial information provides Revenue, Net Income (Loss), Net Income (Loss) Margin, Adjusted EBITDA and Adjusted EBITDA Margin by our (i) SaaS business and (ii) Marketing Services business. Total SaaS Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. Total Marketing Services Adjusted EBITDA and Adjusted EBITDA margin are also non-GAAP financial measures. These non-GAAP financial measures are presented for supplemental informational purposes only and are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We believe that these non-GAAP financial measures provide useful information about our global SaaS and Marketing Services financial performance, enhance the overall understanding of our global SaaS and Marketing Services past financial performance and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We believe that these measures provide additional tools for investors to use in comparing our core financial performance over multiple periods. Three Months Ended March 31, 2025 (in thousands) SaaS Marketing Services Total Revenue $ 111,129 $ 70,242 $ 181,371 Net (Loss) (9,618 ) Net (Loss) Margin (5.3 )% Adjusted EBITDA 10,815 10,086 20,901 Adjusted EBITDA Margin 9.7 % 14.4 % 11.5 % Three Months Ended March 31, 2024 (in thousands) SaaS Marketing Services Total Revenue $ 74,322 $ 159,302 $ 233,624 Net Income 8,424 Net Income Margin 3.6 % Adjusted EBITDA 3,435 50,679 54,114 Adjusted EBITDA Margin 4.6 % 31.8 % 23.2 % Forward-Looking Statements Certain statements contained herein are not historical facts, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Statements that include the words "may", "will", "could", "should", "would", "believe", "anticipate", "forecast", "estimate", "expect", "preliminary", "intend", "plan", "target", "project", "outlook", "future", "forward", "guidance" and similar statements of a future or forward-looking nature identify forward-looking statements. These statements are not guarantees of future performance. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, the risks related to the following: significant competition for our Marketing Services solutions and SaaS offerings, including from companies that use components of our SaaS offerings provided by third parties; our ability to maintain profitability; our ability to manage our growth effectively; our ability to transition our Marketing Services clients to our Thryv platform, maintain transitioned clients on that platform and sell them additional or upgraded products; sell our platform into new markets or further penetrate existing markets; our ability to maintain our strategic relationships with third-party service providers; internet search engines and portals potentially terminating or materially altering their agreements with us; our ability to keep pace with rapid technological changes and evolving industry standards; our SMBs clients potentially opting not to renew their agreements with us or renewing at lower spend; potential system interruptions or failures, including cybersecurity breaches, identity theft, data loss, unauthorized access to data or other disruptions that could compromise our information; our potential failure to identify suitable acquisition candidates and consummate such acquisitions; our ability to complete acquisitions and the successful integration of such acquisitions, including our recently completed acquisition of Keap, and any failure of an acquired business to achieve its plans and objectives or realize any expected benefit from any such acquisition; the potential loss of one or more key employees or our inability to attract and to retain highly skilled employees; our ability to maintain the compatibility of our Thryv platform with third-party applications; our ability to successfully expand our operations and current offerings into new markets, including internationally, or further penetrate existing markets; our potential failure to provide new or enhanced functionality and features; our potential failure to comply with applicable privacy, security and data laws, regulations and standards; potential changes in regulations governing privacy concerns and laws or other domestic or foreign data protection regulations; our potential failure to meet service level commitments under our client contracts; our potential failure to offer high-quality or technical support services; our Thryv platform and add-ons potentially failing to perform properly; our use of artificial intelligence in our business, and challenges with properly managing its use, could result in reputational harm, competitive harm, and legal liability; the potential impact of future labor negotiations; our ability to protect our intellectual property rights, proprietary technology, information, processes, and know-how; rising inflation and our ability to control costs, including operating expenses; general macro-economic conditions, including a recession or an economic slowdown in the U.S. or internationally; adverse tax laws or regulations or potential changes to existing tax laws or regulations; costs, liabilities and reputational harm resulting from regulatory investigations, including the subpoena from the Division of Enforcement of the Securities and Exchange Commission (the "SEC"); volatility and weakness in bank and capital markets; and costs, obligations and liabilities incurred as a result of and in connection with being a public company as well as the risks and uncertainties set forth in the Company's most recent Annual Report on Form 10-K filed with the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such cautionary statements. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. For these reasons, we caution you against relying on forward-looking statements. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. These forward-looking statements speak only as of the date hereof and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Thryv Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform's AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit View source version on Contacts Media Contact: Julie MurphyThryv, Investor Contact: Cameron LessardThryv, Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Neon One Welcomes Kerri Zunkowski as Chief People Officer to Drive Culture and Organizational Growth
CHICAGO, April 1, 2025 /PRNewswire/ -- Neon One, the nonprofit software platform dedicated to empowering communities of generosity, is excited to announce the appointment of Kerri Zunkowski as Chief People Officer. Kerri's addition comes at a pivotal moment as the company expands its impact, deepens its commitment to its people, and builds a culture that fuels long-term success. With a proven track record of driving cultural transformation and scaling organizations, Kerri brings deep expertise in leadership development, talent strategy, and employee engagement. Most recently, she served as Chief Human Resource Officer at Vixxo, a facilities management technology company, where she led people-focused initiatives for 750+ employees. Prior to that, she held the same role at Keap, where she developed and implemented a Leadership Success Profile that fostered a company-wide mindset that "everyone is a leader," resulting in significant improvements in engagement and performance. Kerri's appointment also marks a reunion with Neon One CEO Keith Reed, with whom she previously worked at Keap. "Kerri is an incredible leader who knows how to build high-performing teams that drive business success," said Reed. "Her ability to create cultures where employees thrive will be instrumental as we continue scaling Neon One." "I'm thrilled to join Neon One at such an exciting moment," said Zunkowski. "This team is passionate about its mission, and I look forward to ensuring that our people and culture remain the foundation of our success as we grow." As Chief People Officer, Kerri will focus on enhancing talent strategies, fostering leadership development, and ensuring a culture of continuous learning and innovation. Her leadership will be essential in positioning Neon One as both a leading technology provider and an employer of choice in the nonprofit sector. About Neon One Neon One connects nonprofits with the technology and resources that empower them to build a community of generosity. Our platform is designed to manage the full range of nonprofit operational needs—from marketing and revenue generation to program operations and financial reconciliation. Learn more at ContactTim SarrantonioDirector of Corporate Brande: tim@ 312.243.49544545 N. Ravenswood IL 60640 View original content to download multimedia: SOURCE Neon One Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Thryv Announces New Sales Leadership Appointments to Drive Growth
Fran Lee named Vice President, North American Sales and Kim Mortensen named Vice President of Global Partnerships and Sales DALLAS, January 29, 2025--(BUSINESS WIRE)--Thryv® (NASDAQ: THRY), the leading do-it-all small business software platform, has announced two new sales leadership appointments, including the promotion of Fran Lee to Vice President, North American Sales. In his new role, Lee will oversee Thryv's U.S. and Canadian sales teams, franchise sales and global sales training. Reporting to Thryv President Grant Freeman, he will leverage his extensive experience driving revenue growth and nurturing high-performance sales teams to accelerate the company's expansion of its sales and marketing software offerings designed to support small business growth. An industry veteran, Lee has been with Thryv since its inception, most recently serving as Regional Vice President of Sales. Prior to Thryv, Lee spent eight years with Dex Media as Regional Vice President and eventually Head of Outside Sales. He also spent a substantial portion of his sales career with Verizon. "Fran's extensive industry experience and track record of accelerating SaaS revenue growth will prove invaluable as we expand our sales and marketing automations and AI-supported product offerings. Small businesses are adopting software solutions in growing numbers and with Fran's dynamic sales leadership, Thryv is well-positioned to capitalize on this trend," said Freeman. Thryv also announced Kim Mortensen as Vice President of Global Partnerships and Sales. Mortensen previously spent 10 years at Keap where she led revenue and growth via new customer acquisition for both channel and direct sales. Mortensen will now leverage the synergies created by Thryv's acquisition of Keap and its product and partner ecosystem to expand market reach and enhance Thryv's solutions portfolio. "As Thryv continues to evolve the sales organization to align with our strategic growth plans, we are thrilled to have such an accomplished sales professional as Kim on our team," said Freeman. "Her successful track record of driving scalable growth through both partner and direct sales will serve us well, particularly as we look to expand our global reach." ABOUT THRYV Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform's AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit View source version on Contacts Media Contact: Julie MurphyThryv, Investor Contact: Cameron LessardThryv, Sign in to access your portfolio
Associated Press
29-01-2025
- Business
- Associated Press
Thryv Announces New Sales Leadership Appointments to Drive Growth
Thryv ® (NASDAQ: THRY), the leading do-it-all small business software platform, has announced two new sales leadership appointments, including the promotion of Fran Lee to Vice President, North American Sales. In his new role, Lee will oversee Thryv's U.S. and Canadian sales teams, franchise sales and global sales training. Reporting to Thryv President Grant Freeman, he will leverage his extensive experience driving revenue growth and nurturing high-performance sales teams to accelerate the company's expansion of its sales and marketing software offerings designed to support small business growth. This press release features multimedia. View the full release here: Fran Lee named Vice President, North American Sales for Thryv. (Photo: Business Wire) An industry veteran, Lee has been with Thryv since its inception, most recently serving as Regional Vice President of Sales. Prior to Thryv, Lee spent eight years with Dex Media as Regional Vice President and eventually Head of Outside Sales. He also spent a substantial portion of his sales career with Verizon. 'Fran's extensive industry experience and track record of accelerating SaaS revenue growth will prove invaluable as we expand our sales and marketing automations and AI-supported product offerings. Small businesses are adopting software solutions in growing numbers and with Fran's dynamic sales leadership, Thryv is well-positioned to capitalize on this trend,' said Freeman. Thryv also announced Kim Mortensen as Vice President of Global Partnerships and Sales. Mortensen previously spent 10 years at Keap where she led revenue and growth via new customer acquisition for both channel and direct sales. Mortensen will now leverage the synergies created by Thryv's acquisition of Keap and its product and partner ecosystem to expand market reach and enhance Thryv's solutions portfolio. 'As Thryv continues to evolve the sales organization to align with our strategic growth plans, we are thrilled to have such an accomplished sales professional as Kim on our team,' said Freeman. 'Her successful track record of driving scalable growth through both partner and direct sales will serve us well, particularly as we look to expand our global reach.' ABOUT THRYV Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform's AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit Julie Murphy Thryv, Inc. 617.967.5426 [email protected] Contact: Cameron Lessard Thryv, Inc. 214.773.7022 SOURCE: Thryv Copyright Business Wire 2025.
