Thryv Provides Preliminary, Unaudited Q3 2024 Results; SaaS Revenue Is Expected To Be In The Range Of $86M-$88M; SaaS Gross Margin Is Expected To Be In The Range Of 69%-70%
Portfolio Pulse from Benzinga Newsdesk
Thryv Holdings, Inc. (NASDAQ:THRY) has announced preliminary, unaudited Q3 2024 results, showing significant growth in SaaS revenue and gross margin. The company exceeded its SaaS revenue and adjusted EBITDA guidance, with revenue expected between $86M-$88M and gross margin between 69%-70%. However, a non-cash goodwill impairment charge has led to a net loss of $95M-$97M.
October 29, 2024 | 8:27 pm
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Thryv Holdings reports strong preliminary Q3 2024 results with SaaS revenue expected to grow significantly to $86M-$88M and gross margin to 69%-70%. Despite this, a non-cash goodwill impairment charge results in a net loss of $95M-$97M.
Thryv's preliminary results show strong growth in SaaS revenue and margins, which is positive for the stock. However, the net loss due to a goodwill impairment charge may concern investors. Overall, the positive revenue and margin growth is likely to have a more significant short-term impact, potentially driving the stock price up.
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