EngageSmart, Inc. (NYSE:ESMT) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET

Company Participants

Josh Schmidt – Investor Relations

Bob Bennett – Chief Executive Officer

Cassandra Hudson – Chief Financial Officer

Conference Call Participants

Robert Napoli – William Blair

Will Nance – Goldman Sachs

Terry Tillman – Truist Securities

Ashwin Shirvaikar – Citi

Jason Kupferberg – Bank of America

Scott Berg – Needham

Josh Beck – KeyBanc

Raquel Betesh – JPMorgan

John Davis – Raymond James

Operator

Good morning. Thank you for attending today's EngageSmart Fourth Quarter and Fiscal Year 2022 Earnings Call. My name is Todd, and I will be your moderator today. [Operator instructions]

It is now my pleasure to turn the conference over to Josh Schmidt of EngageSmart. Josh?

Josh Schmidt

Thank you. Good morning. And welcome to our fourth quarter and fiscal 2022 earnings call.

With me on today's call are Bob Bennett, Chief Executive Officer; and Cassandra Hudson, Chief Financial Officer.

Our earnings press release, supplemental presentation and associated Form 8-K can be found at investors.engagesmart.com.

During this call, we will be discussing certain forward-looking information. Actual results could differ materially from those contemplated by these forward-looking statements. Please refer to the Risk Factors section of our annual report on Form 10-K and other SEC filings for more information on the risks regarding these forward-looking statements and risk factors associated with our business. All metrics discussed during this call are non-GAAP unless otherwise noted. A reconciliation of non-GAAP metrics to the nearest GAAP metric as well as statements regarding why management believes these measures provide useful information can be found in our earnings press release and supplemental presentation, both of which are available on the Investor Relations section of our website.

This call is being webcast live and will be available for replay on our website at investors.engagesmart.com.

I would now like to turn the call over to our CEO, Bob Bennett.

Bob Bennett

Thanks, Josh. Good morning everyone. And thank you for joining us on our fourth quarter and fiscal 2022 earnings call today.

Fiscal 2022 was truly a phenomenal year for EngageSmart. We delivered record annual revenue of $303.9 million, representing 41% year-over-year growth, all organic. We also reported record annual adjusted EBITDA of $49.3 million or 16.2% of revenue for the year. Our excellent results reflect the strength of EngageSmart’s business model, which is characterized by our which is characterized by our proven customer-led strategy, our deep vertical expertise, our strategic alliances, and our highly motivated team. I'd like to thank our teammates for their strong passion and outstanding work throughout 2022, never wavering from their commitment to excellence for our customers.