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AgileThought, Inc. (NASDAQ: AGIL) is a global leader in digital transformation services, custom software development, and next-generation technology solutions. The company partners with Fortune 1000 clients to help them transform, build, and run their digital businesses from ideation and design to scaled delivery and support. AgileThought leverages advanced technologies to create competitive differentiation and exceptional customer experiences across various industries.
With consultants and delivery centers across North and Latin America, AgileThought provides agile-first delivery for digital transformation, application development, data analytics (AI, ML, IoT), cloud services, UX design, DevOps, and automation. The company's experts in these fields deliver next-generation software solutions that accelerate transitions to digital platforms.
In its latest developments, AgileThought reported 2022 revenues of $176.8 million, marking an 11.5% growth year-over-year. The company also increased its gross margin to 32.6%, adding 340 basis points year-over-year. Throughout 2022, AgileThought onboarded 21 new clients. For 2023, the company projects revenues to reach at least $201.6 million, implying a 14% year-over-year growth.
Recent Achievements:
- Launched industry-leading delivery infrastructure and reorganized its people team in 2022.
- Introduced two new guilds, Applied AI and Gaming, in 2023 to address the growing demand for AI solutions and gamification services.
- Secured additional funding and announced a go-private transaction with the support of Blue Torch Finance, aiming to emerge with reduced debt and a stronger financial foundation.
Despite market volatility and ongoing reorganization efforts, AgileThought continues to focus on enhancing client relationships and expanding its digital transformation capabilities. The company aims to remain at the forefront of technological innovations, ensuring that their services exceed client expectations.
For more information, visit AgileThought.
AgileThought, Inc. (NASDAQ: AGIL) reported strong Q1 2022 results, with revenues up 19% year-over-year to $44.2 million from $37.2 million in Q1 2021. The company also achieved a gross margin of 31.3%, an increase from 29.5% in the previous year. Notably, AgileThought added 9 new clients and recorded a Total Contract Value (TCV) of $64.4 million. The CEO indicated that the company is on track to meet its long-term growth targets, expecting at least 16% year-over-year growth for 2022. A leadership update was also announced, with Amit Singh appointed as CFO.
AgileThought (NASDAQ: AGIL) will report its first quarter 2022 financial results on May 12, 2022, after market close. Following this, a conference call will be held at 4:30 PM ET to discuss the results and provide updates on business performance. Participants can register for the call or dial in directly. A replay will be available shortly after the call, lasting until August 12, 2022. AgileThought specializes in digital transformation services and has been a trusted partner for Fortune 1000 companies over 20 years.
AgileThought, Inc. (Nasdaq: AGIL) has appointed Amit Singh as its new chief financial officer (CFO), effective May 2, 2022. Singh, with over 15 years of experience in the IT Services sector, previously served at Globant S.A. His leadership is expected to enhance AgileThought’s financial strategy and growth objectives. Ana Hernandez will assume the role of Chief Operations Finance Officer, transitioning from her interim CFO position. AgileThought specializes in digital transformation services and custom software development for Fortune 1000 clients.
AgileThought, a digital transformation and software development provider, announced participation in Morgan Stanley's virtual "Mexico Tech Corporate Access Day" from April 5-7, 2022. This exclusive event will showcase leading Mexican technology companies, allowing them to present corporate strategies to Morgan Stanley's global institutional investors. It will not be available to the public or recorded. For over 20 years, AgileThought has been delivering agile-first software and consulting services to Fortune 1000 customers, helping them navigate digital challenges effectively.
AgileThought (NASDAQ: AGIL) reported a 22% revenue increase in Q4 2021, totaling $42.1 million, alongside a gross profit rise of 40.4% to $12.5 million. For the full year, revenue declined by 3.2% to $158.7 million, with gross profit decreasing 8.2% to $46.4 million. The company added 36 new clients in 2021, achieving $218 million in bookings. AgileThought reduced its debt to $57.1 million by year-end. The Q1 2022 outlook anticipates revenue growth of $43.0 to $43.3 million with a gross margin of approximately 28.3% to 28.6%. A recent amendment with lenders waived the Fixed Charge Coverage Ratio for March 31, 2022.
AgileThought (NASDAQ: AGIL) will report its fourth quarter and full year 2021 financial results on March 31, 2022, post-market close. A conference call is scheduled for the same day at 4:30 PM ET, where management will discuss the results and corporate developments. Participants can pre-register for the call and will receive a direct dial-in number. A live webcast will also be available, with a replay accessible after the call until June 30, 2022. AgileThought specializes in agile software and digital transformation services for Fortune 1000 companies.
AgileThought (NASDAQ: AGIL) announced two key leadership appointments aimed at fostering continued growth: Kevin Johnston as Chief Operating Officer and Alejandro Manzocchi as Chief Delivery Officer and Chief Technology Officer. Johnston, with 30 years of experience, previously served as Chief Revenue Officer, overseeing sales and operations. Manzocchi, joining from Globant, will drive AgileThought's technology vision and client delivery. The leadership changes are expected to enhance the company's position in the rapidly evolving digital transformation market.
AgileThought, a provider of digital transformation services, has announced the pricing of a public offering of 3,560,710 shares of its Class A Common Stock at $7.00 each. The offering is expected to generate approximately $25 million in gross proceeds before expenses. AgileThought plans to allocate 60% of the funds to repay part of its debt, with the remainder designated for general corporate purposes. The offering is anticipated to close around December 27, 2021, subject to standard closing conditions.
AgileThought (NASDAQ: AGIL) reported a revenue of $40.4 million for Q3 2021, marking a 3.8% increase over Q2. The company's bookings totaled $61.4 million, up 11.9% from the previous quarter. AgileThought added 10 new clients and achieved a 1.5x Book to Bill ratio. Despite these positive indicators, the company reported a net loss of $10.6 million. Looking ahead, Q4 revenue is forecasted between $42.5 million and $43.5 million, with a gross margin of 30%-31%.
AgileThought (NASDAQ: AGIL) will release its Q3 2021 financial results on November 15, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. ET on the same day. Interested parties can access the call through the Company's Investor Relations website or by dialing 1-877-407-9039 for the USA and 1-201-689-8470 for international callers. A replay of the call will be available from 8:00 p.m. ET on November 15 until November 22, 2021.
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