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Avalara Inc.  (AVLR)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $93.4800 $0.03 0.032%
Day's High: $93.5 Week Perf: 0.86 %
Day's Low: $ 93.46 30 Day Perf: 0.96 %
Volume (M): 5,760 52 Wk High: $ 154.87
Volume (M$): $ 538,445 52 Wk Avg: $94.54
Open: $93.47 52 Wk Low: $66.39



 Market Capitalization (Millions $) 8,225
 Shares Outstanding (Millions) 88
 Employees 4,465
 Revenues (TTM) (Millions $) 789
 Net Income (TTM) (Millions $) -166
 Cash Flow (TTM) (Millions $) 810
 Capital Exp. (TTM) (Millions $) 27

Avalara Inc.
Avalara is a market leader in tax compliance automation for companies of all sizes. Every firm, no matter how large or small, is subject to a dizzying and costly array of constantly altering transaction tax collection, reporting, and remittance duties imposed by a patchwork of local, regional, state, and national taxation agencies. This compliance burden has grown as omnichannel commerce and international trade have grown in popularity. Avalara's objective is to remove this burden, allowing businesses to focus on their core activities. We provide a premier array of cloud-based solutions to help businesses with transaction tax and related compliance obligations.
The Avalara Compliance Cloud is a multi-product platform that includes computation, returns, compliance document management, licensing and registration, fiscal representation, tax content, and insight solutions. The Avalara Compliance Cloud will be the premier, category-defining worldwide cloud compliance platform, according to our vision.

Generational developments in global economies and technology use boost Avalara's compliance automation business. Increases in digital commerce and the continued acceptance of cloud technology are behavior and productivity trends that we anticipate will continue indefinitely. Businesses throughout the world are searching for efficient, automated procedures to limit risk and support development, in addition to increasing regulatory change and government usage of technology for fiscal transparency and efficiency.
The Avalara Compliance Cloud is designed to be simple to operate and maintain while seamlessly integrating with our clients' business applications. The Avalara Compliance Cloud executes a series of activities to provide tax compliance capabilities while transactions are completed in our clients' business applications. Customers and partners use our pre-built integrations that connect to business applications used for accounting, enterprise resource planning ("ERP"), ecommerce, marketplaces, point of sale ("POS"), recurring billing, and customer relationship management ("CRM") systems, or develop API calls directly into their systems, to enable this functionality. These connections are intended to decrease the need for specific settings and continuous client oversight. Our cloud infrastructure guarantees that our tax content changes are implemented immediately.
Our products are used by businesses of all sizes and industries, ranging from tiny businesses to Fortune 100 corporations. While mid-market and smaller customers with 20 to 500 employees have historically been our primary target segment for marketing and selling our solutions, we are focused on expanding our customer reach globally through investments in product and go-to-market capabilities that address the enterprise and emerging small business market segments. We think that these areas provide significant long-term prospective growth prospects to supplement our big mid-market opportunity, which we feel is underserved. We have been introducing additional compliance capabilities in order to gain a greater proportion of these business areas. This includes calculating cross-border customs tariffs and import taxes, as well as consumer usage taxes levied by the government.


   Company Address: 255 South King Street Seattle 98104 WA
   Company Phone Number: 826-4900   Stock Exchange / Ticker: NYSE AVLR
   AVLR is expected to report next financial results on February 23, 2023.


   

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