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Vertex Inc   (NASDAQ: VERX)
Other Ticker:  
 
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology


 

Vertex Inc

VERX's Financial Statements and Analysis



Vertex Inc reported in the third quarter of 2024 net earnings per share of $0.04 an improvement compare to net loss per share of $-0.05 recorded a year ago and an improvement of 33.33 % from $0.03 realized in II. Quarter (Jun 30 2024).


third quarter of 2024
Earnings Per Share Revenues
$ 0.04 $  170 Mill
$+0.09     $+31M     +22.12 %



Vertex Inc 's Revenue rose by 22.12 % in third quarter of 2024 (Sep 30 2024) year on year, to $170 million and advanced by 5.5 % sequentially.


Vertex Inc is

More on VERX's Income Statement



Vertex Inc 's net income of $7.221 million in the third quarter of 2024 increased from net loss of $-2.447 million II. Quarter a year ago.

Sequentially net earnings grew by 39.83 % from net income of $5.164 million realized in previous quarter.

More on VERX's Growth

Vertex Inc Inventories
In Sep 30 2024 company's net cash and cash equivalents decreased by $-56 million


Vertex Inc does not pay out common stock dividend.

In trailing twelve-month period Vertex Inc earned $ 0.84 cash per share, on a free-cash flow basis 1197.16 % of net earning per share.

Book value grew by 5.94 % sequentially to $1.43 per share, -3947.95% of net income per share in trailing twelve-month period were contributed to shareholder value.


Company issued 8.39 million shares or 4.88 % in Sep 30 2024.
Debt Coverage Ratio was 0.05.

• More on VERX's Dividends

 Market Capitalization (Millions) 9,938
 Shares Outstanding (Millions) 181
 Total Debt (Millions $) 335
 Revenue (TTM) (Millions $) 630
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 225
 Capital Exp. (TTM) (Millions $) -39
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,300




Vertex Inc does not pay out common stock dividend.

In trailing twelve-month period Vertex Inc had $ 0.84 cash flow per share, on a free-cash flow basis 1197.16 % of net earning per share.

Book value grew by 5.94 % sequentially to $1.43 per share, -3947.95% of net income per share in trailing twelve-month period were contributed to shareholder value.


Company issued 8.39 million shares or 4.88 % in Sep 30 2024.
Debt Coverage Ratio was 0.05.

• More on VERX's Balance Sheets

 Market Capitalization (Millions) 9,938
 Shares Outstanding (Millions) 181
 Total Debt (Millions $) 335
 Revenue (TTM) (Millions $) 630
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 225
 Capital Exp. (TTM) (Millions $) -39
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,300
   


  News about Vertex Inc Earnings

Vertex Inc Shines with Exceptional Fiscal Q3 Performance, Securing Excellent Results

Vertex Inc, a leading global technology provider of indirect tax solutions, has shown impressive growth in its revenue for the most recent fiscal period. The company's revenue increased by a substantial 14.194% from the similar financial reporting period a year ago, reaching a total of $144.16 million. This growth is remarkable, especially when compared to the rest of the Software and Programming industry, which only saw a 12.27% increase in revenue during the same period.
Although the increase in revenue is undoubtedly positive news, it is essential to note that Vertex Inc also reported a widening of losses. The company experienced a deficit of $-0.02 per share, which is slightly worse than the $-0.05 p...

Vertex Inc Achieves Impressive Revenue Growth of 16.382% in Q2, Outshines Loss in EPS

Ve...

Vertex Inc Faces Uphill Battle as Revenue Surges but Profitability Remains Elusive

Investors, be cautious when considering Vertex Inc for investment opportunities in the stock market. The company has reported a significant increase in their shortfall per share, which is never a good sign for investors. Comparing it to the same reporting season from a year ago, Vertex Inc's revenue has slightly increased, but the net shortfall has skyrocketed, which is not a positive indicator for the company's financial stability.
It's important to note that Vertex Inc is expected to report their next financial earnings on August 08, 2023, leaving potential investors forced to wait for a few months before being able to thoroughly evaluate the company's performance in the market, both for better or for ...


Date modified: 2024-11-07T17:11:15+00:00





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