Lleida.net SaaS line of business grew up to 500 per cent in the past two years
Lleida.net (OTCQX: LLEIF) reported a remarkable growth of its SaaS services, increasing by up to 500% over two years due to new global contracts and shifts in digital behavior caused by COVID-19. In 2020, SaaS revenues reached EUR 5.69 million, with predictions that it will constitute over 50% of total revenue in 2021. Notably, the Click&Sign API recorded a 64.85% rise in usage in Q1 2021 compared to Q1 2020. Additionally, registered emails and SMS traffic surged by 121.65% and 86.09%, respectively, showing strong demand primarily from the insurance sector across Europe and Latin America.
- SaaS services grew by up to 500% over the last two years.
- SaaS revenue reached EUR 5.69 million in 2020.
- Expected SaaS revenue to exceed 50% of total revenues in 2021.
- Click&Sign API usage increased by 64.85% in Q1 2021 compared to Q1 2020.
- Registered email traffic rose by 121.65% in Q1 2021.
- Registered SMS traffic increased by 86.09% in Q1 2021.
- None.
MADRID, April 6, 2021 /PRNewswire/ -- Lleida.net's (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) SaaS services grew up to 500 per cent in the past two years, as a result of new contracts signed worldwide and changing digital habits created by the COVID-19 pandemic.
The company announced today production data for the first quarter of 2021, which shows a significant increase as compared to the same quarter in 2020 and 2019.
During the period, traffic volume grew for all of its SaaS products, especially for the Click&Sign API product, which allows corporates to electronically and reliably process contracts on a mass scale.
In 2020, SaaS services grew by 59 per cent to EUR 5.69 million. By 2021, the company expects the line to account for more than fifty per cent of its revenues for the first time.
Lleida.net originally went public in Madrid in 2015 to finance the expansion of its SaaS line.
THE NUMBER OF CONTRACTS USING LLEIDA.NET'S CLICK&SIGN TECHNOLOGY HAS INCREASED FIVEFOLD
The number of Click&Sign API signature circuits has multiplied by 64.85 per cent during the first quarter of 2021, compared to the first quarter of 2020, and grew 3.6 fold in the last two years.
Throughout the first quarter of 2021, traffic for this product rose by 259.96 per cent, correlated to the first quarter of 2020, and has increased fivefold in the last two years.
MORE THAN 3.7 MILLION REGISTERED EMAILS SENT IN ONE QUARTER
During the first quarter of 2021, Lleida.net has facilitated sending 3.7 million registered emails, which have legal validity as reliable proof of any agreement or transaction.
This figure represents an advance of 121.65 per cent compared to data from the first quarter of 2020. Since 2019, the use of Lleida.net's registered email has increased fourfold.
This traffic originates mainly from insurance companies and, as well as government bodies, in Europe and Latin America.
REGISTERED SMS TRAFFIC ROSE BY
Lleida.net's registered SMS traffic increased by 86.09 per cent during the first quarter of 2021, compared to the same period in 2020.
In this period, the company has sent more than 1.1 million registered SMS, from less than 600,000 in the first quarter of last year.
The traffic comes mainly from European insurance companies and financial institutions, but also from South Africa, where Lleida.net's technology is used by public administrations to claim tax payments.
The number of Registered SMS Contracts grew by 99.25 per cent in 2021 compared to 2020, chiefly driven by their use by electricity and water companies in Spain and Europe.
Lleida.net's SaaS services are billed per transaction and on-demand, and the company serves thousands of companies in all segments of the population.
EUROPEAN LEADER IN THE INDUSTRY
Lleida.net is already the European leader in the field of registered electronic notification and contracting.
It has more than 200 patents in the field, granted by more than 50 countries in the five continents, and its intellectual property portfolio is one of the most important in the industry worldwide.
Currently, more than 75 countries recognise the legal validity of its electronic methods as a means of certifying legal notices in procurement processes.
Its stocks trade on the OTCQX Best Market index in New York, Euronext Growth in Paris and BME Growth in Madrid.
Investors can download the company's Investment Deck at the following link: https://investors.lleida.net/docs/2020-estimated-results.pdf
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SOURCE Lleida.net
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