Vertex, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 07:34 am EST
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Vertex, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 154.91 million compared to USD 131.13 million a year ago. Net income was USD 15.33 million compared to net loss of USD 5.31 million a year ago.
For the full year, the company reported revenue was USD 572.39 million compared to USD 491.62 million a year ago. Net loss was USD 13.09 million compared to USD 12.3 million a year ago.
Vertex, Inc. is a provider of enterprise tax technology solutions. The Company operates as a solution provider of state, local and value-added tax calculation, compliance and analytics, offering software products which are sold through software license and software as a service (cloud) subscription. The Company also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. The Company offers its services to customers located throughout the United States of America and internationally. It offers a range of solutions, including tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integrations, industry-specific solutions, implementation services, and managed services. The Company offers various managed services, including indirect tax return preparation, filing and tax payment and notice management.
VERTEX, INC. 
