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BTRS - Why Shares of BTRS Holdings Were Falling Today
BTRS Holdings Inc.
Shares of BTRS Holdings (NASDAQ: BTRS) , the parent company of Billtrust, which helps businesses automate accounts receivable payments, had fallen nearly 23% as of 3:26 p.m. ET today after the company reported earnings results for the first quarter of 2022.
Billtrust reported a net loss of $0.18 per share on total revenue of $45.6 million. Earnings missed analyst estimates by a wide margin, while revenue beat.