BTRS Holdings, Inc. is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based. Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, cash application and collections.
Company profile
Ticker
BTRS
Exchange
Website
CEO
Charles B. Bernicker
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
South Mountain Merger Corp.
SEC CIK
Corporate docs
IRS number
833780685
BTRS stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
4 Jan 23
15-12G
Securities registration termination
27 Dec 22
POS AM
Prospectus update (post-effective amendment)
21 Dec 22
25-NSE
Exchange delisting
16 Dec 22
8-K
EQT Private Equity Completes Acquisition of Billtrust
16 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Dec 22
8-K
BTRS Holdings Inc. Stockholders Approve Proposed Merger with EQT Private Equity
13 Dec 22
DEFA14A
Additional proxy soliciting materials
5 Dec 22
8-K
Other Events
5 Dec 22
Latest ownership filings
SC 13G/A
Senvest Management, LLC
10 Feb 23
SC 13G/A
Riverwood Capital Partners II L.P.
9 Feb 23
4
Enrique T Salem
20 Dec 22
4
Matthew C Harris
20 Dec 22
4
Andrew J Herning
20 Dec 22
4
Mark L Shifke
20 Dec 22
4
Robert Farrell
20 Dec 22
4
Lawrence R. Irving
20 Dec 22
4
John Wicliffe Murray
20 Dec 22
4
Jeanne O'Connor
20 Dec 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 165.47 mm | 165.47 mm | 165.47 mm | 165.47 mm | 165.47 mm | 165.47 mm |
Cash burn (monthly) | 2.72 mm | 8.32 mm | 7.57 mm | 7.05 mm | 868.33 k | 2.34 mm |
Cash used (since last report) | 50.77 mm | 155.52 mm | 141.54 mm | 131.77 mm | 16.23 mm | 43.79 mm |
Cash remaining | 114.70 mm | 9.95 mm | 23.93 mm | 33.70 mm | 149.24 mm | 121.68 mm |
Runway (months of cash) | 42.2 | 1.2 | 3.2 | 4.8 | 171.9 | 51.9 |
Institutional ownership, Q2 2023
13.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 72.75 mm |
Total shares | 22.09 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Riverwood Capital Partners II | 14.25 mm | $0.00 |
Flint A. Lane | 7.84 mm | $72.75 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Dec 22 | Flint A. Lane | Class 1 Common Stock | Sale back to company | Dispose D | Yes | No | 9.5 | 5,879,599 | 55.86 mm | 0 |
16 Dec 22 | Flint A. Lane | Class 1 Common Stock | Sale back to company | Dispose D | No | No | 9.5 | 13,700,315 | 130.15 mm | 0 |
16 Dec 22 | Flint A. Lane | Class 1 Common Stock | Other | Dispose J | Yes | No | 9.5 | 1,959,867 | 18.62 mm | 5,879,599 |
16 Dec 22 | Flint A. Lane | Class 1 Common Stock | Other | Dispose J | No | No | 9.5 | 4,619,080 | 43.88 mm | 13,700,315 |
16 Dec 22 | Flint A. Lane | Stock Option Class 1 Common Stock | Sale back to company | Dispose D | No | No | 16.8 | 1,000,000 | 16.80 mm | 0 |
16 Dec 22 | Flint A. Lane | Stock Option Class 1 Common Stock | Sale back to company | Dispose D | No | No | 1.93 | 361,413 | 697.53 k | 0 |
16 Dec 22 | Flint A. Lane | Stock Option Class 1 Common Stock | Sale back to company | Dispose D | No | No | 1.88 | 89,146 | 167.59 k | 0 |
16 Dec 22 | Flint A. Lane | Stock Option Class 1 Common Stock | Sale back to company | Dispose D | No | No | 1.27 | 62,647 | 79.56 k | 0 |
16 Dec 22 | Clare Hart | Class 1 Common Stock | Sale back to company | Dispose D | No | No | 9.5 | 43,208 | 410.48 k | 0 |
16 Dec 22 | Clare Hart | Stock Option Class 1 Common Stock | Sale back to company | Dispose D | No | No | 3.39 | 29,498 | 100.00 k | 0 |