Thryv Q2 Loss Widens, But SaaS ARPU Jumps 12% to $394; Demo Tomorrow
THRY sits 53% above its 52-week low of $1.91 on elevated volume (4.7× avg).
Summary
Thryv posted a Q2 net loss of $16.7M on revenue of $150.7M, with the legacy Marketing Services segment dragging results. The bright spot: SaaS now makes up 76% of revenue and ARPU rose 12% YoY to $394. Management guided FY SaaS revenue to $453–$457M and disclosed $20–$25M in restructuring charges. The company will demo its redesigned Growth Platform on Aug 6, offering a look at the product pivot. This follows yesterday's 8-K and 10-Q filings, adding forward guidance and the demo catalyst.
At the time of this announcement, THRY was trading at $2.92 on NASDAQ in the Technology sector, with a market capitalization of approximately $131.7M. The 52-week trading range was $1.91 to $14.28. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.