Lleida.net sales increase 7% in the first 4 months of 2024, up to 6.3 million euros
Revenues at Lleida.net (OTCQX:LLEIF) rose 7% in the first four months of 2024, reaching €6.3 million, compared to €5.88 million in the same period of 2023. EBITDA increased by 170% to €888,000, while operating profit turned positive with a difference of €564,000. The pre-tax profit improved by 129%. The SMS Wholesale segment saw a 21% increase in sales, reaching €2.43 million, while Notification services grew by 20% to €700,000. Recruitment services rose 10% to €1.10 million, and Commercial SMS remained stable at €1.05 million. However, SAAS sales declined by 18% to €1.02 million. The company's customer base grew by 7.30% to 1,925.
Lleida.net's share price rose from €0.80 in January 2024 to over €1.20 currently. A comprehensive Restructuring Plan launched in December 2023 aimed to return the company to profitability. The company has 310 patents in over 60 countries and was first listed in 2015.
- Revenues increased by 7% to €6.3 million in the first four months of 2024.
- EBITDA rose by 170% to €888,000.
- Operating profit turned positive with a €564,000 improvement.
- Pre-tax profit improved by 129%.
- SMS Wholesale segment increased sales by 21% to €2.43 million.
- Notification services grew by 20% to €700,000.
- Recruitment services rose by 10% to €1.10 million.
- Customer base grew by 7.30% to 1,925.
- Share price increased from €0.80 in January 2024 to over €1.20.
- SAAS sales declined by 18% to €1.02 million.
Madrid, 22 May. - Revenues at listed technology company Lleida.net (OTCQX:LLEIF) (BME:LLN) (EPA:ALLLN) rose seven per cent in the first four months of 2024, compared to the same period last year.
In the period, the company sold certified e-notification, e-recruitment and e-signature services along with SMS solutions worth
The company's cumulative EBITDA increased by
Likewise, the accumulated operating profit has turned positive, with a difference of 564 thousand euros, and the accumulated pre-tax profit is also positive with an improvement of
Practically all of the company's business lines grew in sales.
SMS Wholesale stands out with an increase of
Notification grew by
The Recruitment line was up
Commercial SMS remained stable with EUR 1.05 million in sales.
And other SAAS is the only sales category that declined,
This progress is in line with the company's increase in customers in the first quarter of 2024, which now stands at 1,925, a record
Since the beginning of the year, Lleida.net has also obtained a growth in the share price. In January 2024, the share price was 0.80 euros and nowadays it is over 1.2 euros.
‘These results reflect that Lleida.net is recovering the figures of our best years. We continue to be market leaders in our industry, increasing sales and providing value to customers and shareholders", explained Sisco Sapena, CEO and maximum shareholder of the company.
The Spanish technology company launched a comprehensive Restructuring Plan in December last year in response to a
The aim of these measures is to ensure a rapid return to profitability and reduce net financial debt, with the goal of returning to positive cash flow from the beginning of 2024.
The company, founded in 1995, floated BME Growth for the first time in 2015 on the Madrid stock exchange.
The Spanish company has accumulated a total of 310 patents in more than 60 countries for its innovations in the field of certified electronic signature, notification and contracting.
Its approach to growth is based on a solid development policy in intellectual property and R&D, as well as a reinforcement of its internationalisation policy.
It was subsequently listed on Euronext Growth Paris in 2018 and on OTC Markets in New York in 2020. Its shares are also traded on the Frankfurt and Stuttgart stock exchanges.
SAFE HARBOR STATEMENT
This press release contains statements regarding the future of the company and its innovations. Statements regarding the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "anticipate", "pretend", "power", "plan", "potential", the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company's commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise.
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