Scott Berg maintains a bullish stance on Thryv Holdings' stock, citing the company's strong first-quarter performance, specifically highlighting the significant growth in SaaS revenue. Despite a slight decline in Marketing Services, the expansion of the Marketing Center product is seen as a positive move.
Thryv Holdings' debt restructuring has resulted in substantial cost savings and improved capital flexibility, with approximately $5 million in debt interest savings and a more manageable repayment schedule. The introduction of a $40 million stock repurchase plan, alongside a projected increase in SaaS adjusted EBITDA margins above 10% by 2025, signifies a more profitable business model moving forward.
#thryv-holdings #financial-performance #saas-revenue-growth #debt-restructuring #stock-repurchase-plan
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