Thryv (NASDAQ:THRY) Posts Earnings Results, Misses Estimates By $2.16 EPS

Thryv (NASDAQ:THRY) released its quarterly earnings results on Monday. The company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.16), FiscalAI reports. Thryv had a negative return on equity of 19.67% and a negative net margin of 19.85%. The firm had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $145.67 million.

Here are the key takeaways from Thryv’s conference call:

• Thryv said its new AI-powered Growth Platform has sold to about 1,500 customers since its August launch—about 190% of plan. Growth products rose 16% year over year and account for more than 60% of SaaS revenue, according to the company.
• The planned $142 million sale of the print directories business, expected to close in the fourth quarter, would bring print-related cash proceeds to roughly $292 million—near the top of the company’s prior forecast, achieved much sooner than planned. Thryv expects to use net proceeds to repay debt and other liabilities.
• Thryv forecast fourth-quarter SaaS Adjusted EBITDA of negative $4.5 million to negative $5.5 million, citing restructuring and cost-allocation effects. Full-year SaaS revenue and Adjusted EBITDA guidance are $453–$454 million and $16.5–$17.5 million, respectively, below 2025’s continuing-operations results.
• Third-quarter SaaS revenue was $112 million, while SaaS Adjusted EBITDA was $9.5 million and exceeded comparable guidance by more than $5 million, the company said. SaaS ARPU rose 2% to $373 and the quality-client revenue mix improved, while seasoned net revenue retention was 89% and the company ended the quarter with 98,000 subscribers.

Thryv Stock Down 12.1%

Thryv stock opened at $0.94 on Wednesday. The firm has a 50 day moving average price of $1.52 and a 200-day moving average price of $2.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. Thryv has a twelve month low of $0.96 and a twelve month high of $6.39. The company has a market capitalization of $41.60 million, a P/E ratio of -0.33 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several research firms have commented on THRY. Weiss Ratings lowered shares of Thryv from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating on shares of Thryv in a research report on Tuesday, August 4th. Royal Bank Of Canada cut their target price on Thryv from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. Finally, Wall Street Zen lowered Thryv from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.00.

Insider Activity at Thryv

In other news, CEO Joe Walsh acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer owned 788,099 shares in the company, valued at approximately $1,418,578.20. This trade represents a 3.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.50% of the company’s stock.

Thryv Company Profile

Thryv Holdings, Inc. (NASDAQ:THRY) provides software and digital marketing services for small and medium-sized businesses. Its Thryv platform is designed to help businesses manage customer relationships, appointments, communications, estimates, invoices, payments and online reviews through a centralized business-management system. The company also offers tools for digital marketing and customer acquisition, including website and social media management, online presence services, lead generation, automated communications and reputation management.