BTRS - BTRS Holdings shows mixed Q2 results; raises FY guidance

• BTRS Holdings press release ( NASDAQ: BTRS ): Q2 GAAP EPS of -$0.09 misses by $0.01 .
• Revenue of $49.3M (+22.5% Y/Y) beats by $8.26M .
• Reports record Q2 software and payments segment revenue of $33.3 million, up 35%; Sales execution drives record Q2 quarterly bookings and new logo adds
• FY Outlook : Total revenue in a range between $196 million and $207 million, versus the prior range of $195 million to $207 million.
• Net revenue* between $166 million and $171 million  ( consensus 166.73M ), which at the midpoint of $168.5 million represents annual growth of approximately 28%, versus the prior range of $165 million to $171 million.
• Software and payments segment revenue between $134 million and $139 million, which at the midpoint of $136.5 million represents annual growth of approximately 31%, versus the prior range of $133 million to $139 million.
• Adjusted gross margin* between 73.7% to 74.1%, which at the midpoint of 73.9%% represents annual expansion of 80bps, versus the prior range of 73.2% to 73.8%.
• Adjusted EBITDA* between $(14) million to $(16) million, which at the midpoint of $(15) million represents (9)% adjusted EBITDA margin, or a year over margin expansion of 150 bps.

For further details see: