Looking for insider info on Semrush Inc (NASDAQ: SEMR)?
I”ll admit, I didn’t expect this hidden find. Still, the research shows otherwise.
Read on for quick stats, a sneaky look under the hood, and MarTech industry forecasts.
Semrush Holdings Announces Third Quarter 2022 Financial Results.
We delivered solid growth despite a more challenging demand environment. We saw steady new customer growth, which was partially offset by lower expansion from existing customers. Interest in our products remains high, however at the moment, customers are more cautious and closely scrutinizing their spending
Oleg Shchegolev, CEO and Co-Founder ofSemrush .
Here’s everything you need to know about the SaaS company.
Semrush Inc is a leading provider of cloud-based marketing and business intelligence software.
The company offers a wide range of software features for SEO optimization to increase visibility online:
- SEO
- Content Marketing
- Competitor Research
- PPC
- Social Media Marketing
Founded in 2008, Semrush has become one of the world’s most popular SEO software, with 800+ million domain profiles.
Semrush is used by Tesla, Samsung, IBM, Walmart, and 30% of Fortune 500 companies.
Third Quarter 2022 Financial Highlights
- Third quarter revenue of $65.8 million, up 34% year over year
- ARR of $267 million as of September 30, 2022, up more than 33% year over year
- Dollar-based net revenue retention of 122% as of September 30, 2022, compared to 125% in the previous quarter
- More than 94,000 paying customers as of September 30, 2022, up more than 17% from a year ago
- Net loss of $9.1 million for the third quarter, compared with a net loss of $615 thousand a year ago
- Non-GAAP net loss of $7.1 million for the third quarter which includes $5.8 million of expense associated with the winding down of our Russia operations, compared with non-GAAP net income of $12 thousand a year ago
Semrush Inc: Official Profile and Stats
According to
Semrush is a leading online visibility management SaaS platform that enables companies globally to identify and reach the right audience in the right context and through the right channels.
Semrush allows our customers to understand trends, derive unique and actionable insights to improve their websites and social media pages and distribute highly relevant content to their targeted customers across a variety of digital channels.
We empower companies to improve their online visibility across key channels through a holistic strategy.
Semrush
Key Stats
SEMRush Inc is headquartered in Boston, MA.
Revenue: $188 million USD
Profit: -$8.8 million Q2 2022
CEO: Oleg Shchegolev
Founded: 2008
Basic Investment Overview
Semrush (NYSE: SEMR) is a publicly traded company that helps businesses effectively target their customers online by aggregating data and turning it into meaningful insights.
Semrush went public in March 2021, and its customers vary substantially in both size and industry.
Semrush is a leader in a huge number of traditional MarTech categories, demonstrating its ability to offer solutions that are at a similar level to its competitors, who maybe only specialize in one or two categories.
How Semrush Compares to SimilarWeb
Similarweb Ltd (NYSE: SMWB) is an Israeli web analytics company specializing in web traffic and performance.
SMWB announced its Q3 earnings following SEMR on 11/15/2022.
Over the last year, share price for SMWB has dropped 68%, with share price down 39% over the last 3 months.
A Sneaky Look Under the Hood
Take a look around this website, and you will notice that I am by no means a stock advisor but rather a digital marketer who has frequented tools like Semrush for data-driven insights online.
So while some of you will search for forecasts and balance sheets, I am drawn to what’s “under the hood.”
With a brick-and-mortar business, you would have to spend a lot of time hanging around the store to see what kind of customers come through the door.
However, with SaaS businesses like Semrush driving their business almost exclusively online, we can get a pretty good idea of their customer base by taking a look at their website traffic (i.e., their customers).