EngageSmart reports Q3 EPS 7c, consensus 6c

Reports Q3 revenue $97.73M, consensus $95.66M. “Driven by persistent demand for our true SaaS solutions, we delivered record revenue of $97.7 million, net income of $11.5 million and Adjusted EBITDA of $18.8 million in the third quarter,” said Bob Bennett, EngageSmart CEO. “Our ability to successfully scale our solutions reflects the strength of our business model, our commitment to product leadership as measured by customer adoption and retention, and our continued execution. We are proud of our track record of revenue growth and expanding profitability and believe the partnership with Vista Equity Partners (“Vista”) and General Atlantic will enable us to build upon our momentum and capitalize on the ongoing need for business and consumer engagement solutions with integrated payments.”