Order-to-Cash Solution Overview
Corcentric financial summary
($M)
Payment Revenue
% growth
Software Revenue
% growth
Advisory Revenue
% growth
Year ended December 31,
2019
2020
2021
2022E
2023E
$51
$50
$62
$85
$118
14%
(3%)
25%
37%
39%
$22
$31
$33
$36
$43
129%
42%
6%
11%
19%
$30
$21
$15
$23
$25
19%
(30%)
(27%)
53%
7%
Total Payment, Software, and Advisory Revenue
$103
$101
$110
$145
$186
% growth
(2%)
8%
32%
29%
Equipment Sales Revenue
$42
$73
$44
% growth
76%
(40%)
Total Revenue
$145
$175
$154
% growth
21%
(12%)
Adjusted Gross profit from Payment, Software, and Advisory Revenue
$68
$67
$74
$98
$135
% margin
67%
67%
68%
68%
72%
Adjusted Gross profit from Equipment Sales
$3
$2
$4
$5
$4
% margin
7%
3%
10%
Total Adjusted Gross profit
% margin
Adj. EBITDA¹
% growth
$71
$70
$79
$103
$139
49%
40%
51%
$32
$27
$29
$42
$63
(16%)
7%
45%
50%
CapEx
% Total Revenue
Source: Company materials
Note: Company does not forecast equipment sales revenue, because the business is managed from the Gross Profit perspective
corcentric (1) 2022E and 2023E adjusted EBITDA excludes estimated public company costs of $4.8M and $7.8M respectively
$11
$14
$17
$24
$19
8%
8%
11%
53
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