Inactive Instrument

EngageSmart, Inc.

ESMT

US29283F1030

EngageSmart, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 02, 2023 at 08:00 am EDT

EngageSmart, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 97.73 million compared to USD 78.8 million a year ago. Net income was USD 11.53 million compared to USD 6.77 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago.
For the nine months, sales was USD 280.57 million compared to USD 220.02 million a year ago. Net income was USD 19.99 million compared to USD 15.71 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.09 a year ago.

Latest news about EngageSmart, Inc.

EngageSmart, Inc. Announces Board Changes	Jan. 26	CI
EngageSmart, Inc.(NYSE:ESMT) dropped from S&P Software & Services Select Industry Index	Jan. 26	CI
EngageSmart, Inc.(NYSE:ESMT) dropped from S&P TMI Index	Jan. 26	CI
EngageSmart, Inc.(NYSE:ESMT) dropped from S&P Global BMI Index	Jan. 26	CI
An affiliate of Vista Equity Partners Management, LLC completed the acquisition of 65% of EngageSmart, Inc. from affiliates of Summit Partners, L.P., General Atlantic Service Company, L.P. and others.	Jan. 25	CI
EngageSmart, Inc. Appoints Dan Freund as Chief Sales Officer, Enterprise Solutions	Jan. 08	CI
Engagesmart Insider Sold Shares Worth $731,200, According to a Recent SEC Filing	Nov. 29	MT
EngageSmart Ends Go-Shop Process Without Receiving Any Alternative Offer	Nov. 24	MT
EngageSmart Announces Expiration of 'Go-Shop' Period	Nov. 22	CI
North American Morning Briefing : Higher Bond -2-	Nov. 07	DJ
William Blair Downgrades EngageSmart to Market Perform From Outperform	Nov. 06	MT
Earnings Flash (ESMT) ENGAGESMART Reports Q3 Revenue $97.7M, vs. Street Est of $95.6M	Nov. 02	MT
EngageSmart, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
North American Morning Briefing : Lower Treasury -2-	23-10-31	DJ
North American Morning Briefing : Rate Decisions, -2-	23-10-30	DJ
Truist Downgrades EngageSmart to Hold From Buy, Adjusts Price Target to $23 From $30	23-10-27	MT
North American Morning Briefing : Google Parent's -2-	23-10-25	DJ
News Highlights : Top Financial Services News of the Day	23-10-25	DJ
Craig Hallum Downgrades EngageSmart to Hold From Buy, Adjusts Price Target to $23 From $22	23-10-24	MT
Deutsche Bank Raises EngageSmart Price Target to $23 From $21, Maintains Hold Rating	23-10-24	MT
EngageSmart Enters into Definitive Agreement to be Acquired by an Affiliate of Vista Equity Partners Includes 30-Day 'Go-Shop' Period	23-10-24	CI
Raymond James Downgrades EngageSmart to Market Perform From Strong Buy	23-10-24	MT
KeyBanc Downgrades EngageSmart to Sector Weight From Overweight Amid Vista Equity Partners Deal, Removes $20 Price Target	23-10-24	MT
Needham Downgrades EngageSmart to Hold From Buy	23-10-24	MT
Tech Up Slightly on Earnings Optimism -- Tech Roundup	23-10-23	DJ

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Company Profile

EngageSmart, Inc. is a provider of vertically tailored customer engagement software and integrated payments solutions. The Company offers single instance, multi-tenant Software-as-a-Service (SaaS) solutions. Its segments include Enterprise Solutions and SMB Solutions. Enterprise Solutions segment is engaged in providing SaaS solutions that simplify customer-client engagement through electronic billing and digital payments. SMB Solutions segment is engaged in providing end-to-end practice management solutions geared toward the health and wellness industry. It serves both customers in the SMB Solutions segment and in the Enterprise Solutions segment across five core verticals: health and wellness, government, utilities and financial services. Its solutions are purpose-built for each vertical it serves, including business management software, customer engagement applications and billing and payment solutions. Its solutions include SimplePractice, InvoiceCloud, HealthPay24, and DonorDrive.

Sector

Software

Calendar

2024-05-01 - Q1 2024 Earnings Release (Projected)

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