BTRS - BTRS Holdings GAAP EPS of -$0.13 misses by $0.05 revenue of $51.4M beats by $7.72M
- BTRS Holdings press release ( NASDAQ: BTRS ): Q3 GAAP EPS of -$0.13 misses by $0.05 .
- Revenue of $51.4M (+24.2% Y/Y) beats by $7.72M .
- Software and payments segment revenue increased 35.2% year-over-year to $35.2 million, compared to $26.0 million for the same period in 2021.
- Gross profit, excluding depreciation and amortization, increased 33.8% year-over-year to $31.3 million, compared to $23.4 million for the same period in 2021.
- Gross margin, excluding depreciation and amortization expanded by 436 basis points to 60.8%, versus 56.5% for the same period in 2021, driven by improved operating leverage and an increasing mix of software and payments segment revenue.
- Net loss was $21.2 million, compared to $11.2 million for the same period in 2021.
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BTRS Holdings GAAP EPS of -$0.13 misses by $0.05, revenue of $51.4M beats by $7.72M