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LLEIDANETWORKS SERVEIS - LLEIF STOCK NEWS

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Lleida.net (BME: LLN) (EPA: ALN) (OTCQX: LLEIF) is a Spanish-listed technology company founded in 1995. The company specializes in certified electronic notification, signature, and contracting services. In the first quarter of 2024, Lleida.net reported a 71% increase in EBITDA, reaching €666,000, and a total of 1,925 clients, showcasing a significant recovery. With a strong focus on intellectual property, R&D, and internationalization, Lleida.net has accumulated 310 patents in over 60 countries. The company's recent achievements include receiving its eighth patent from the USTPO for a new electronic contracting method, solidifying its position as a leader in the industry.

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Lleida.net has signed a three-year contract with Bancolombia to provide registered electronic signature services. This partnership will help Bancolombia, Colombia's largest bank with a market share of 20%, to enhance contract management and customer interactions. Lleida.net anticipates this contract will represent 25% of its operations in Colombia within three years. Furthermore, the company has secured three new patents in Colombia and is looking to acquire Indenova, an electronic signature company, for over seven million euros, strengthening its market position.

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Lleida.net (OTCQX:LLEIF) reported significant growth in Q2 2021, showcasing a 46.71% increase in electronic contracting workflows and nearly 70% growth in contract signature traffic compared to Q2 2020. Active API signatures surged to approximately 962,000, a 5.2-fold increase since 2019. Registered email grew by 56.06%, totaling 4.2 million sent emails. SMS traffic saw a 24.72% rise as well. This robust performance highlights the company's strong market position and the increasing adoption of its services across various sectors.

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Lleida.net has signed a framework agreement with the Pan African Postal Union, allowing 55 postal companies across Africa to offer Digital Postal Services using Lleida.net's Registered Electronic Communications technology. This agreement facilitates legally recognized digital communications in the region, tapping into Africa's vast mobile and internet user base, which includes 650 million mobile phones and 525 million internet users. The initiative aims to enhance digital participation and modernize postal services throughout the continent.

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Lleida.net has agreed to acquire electronic signature solutions company inDenova for 7.1 million euros. This strategic move marks Lleida.net's first acquisition under its new growth strategy, aimed at enhancing profitability for shareholders. The acquisition is expected to increase the company's EBITDA by over 3.95 million euros based on 2020 data and expand its workforce by 70%, adding new teams in Valencia, Bogota, and Lima. inDenova specializes in electronic signature and invoicing services across several countries.

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Sisco Sapena, CEO of Lleida.net (OTCQX: LLEIF), acquired 12,000 shares at 6.14 euros each, totaling 73,680 euros, increasing his stake to 36.66%. This purchase reflects his commitment as the company founder. The General Shareholders' Meeting approved a 25% dividend increase, distributing 1.25 euro cents per share on June 17, totaling over 245,000 euros for shareholders. Lleida.net reported a 20% sales increase, reaching 16.42 million euros in 2020, solidifying its position in the e-signature market with 200 patents across 60 countries.

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The General Shareholders' Meeting of Lleida.net (OTCQX:LLEIF) approved a 25% increase in dividends, proposing 1.25 cents per share to be paid on June 17. Total dividends exceed 245,000 euros, reflecting the company's best year historically.

In 2020, sales rose by 20% to 16.42 million euros, with EBITDA of 2.57 million euros, a 17% increase. The company's assets grew by 24% to 13.2 million euros, while financial debt decreased by 15%.

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Lleida.net reports a significant increase in working capital, reaching 5.2 million euros, up from 1.6 million euros at the start of 2020, indicating strong financial stability. Sales rose by 20% to 16.42 million euros, and net worth increased by 66% to 7.2 million euros.

EBITDA grew by 20% to 2.7 million euros, while profit before taxes reached 1.02 million euros. The company plans to increase dividends by 25% this year and focuses on innovation and international expansion.

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Lleida.net (OTCQX: LLEIF) has signed an exclusive distribution agreement with eGate Egypt to distribute its services in Egypt. This partnership aims to enhance digital transformation for businesses in the region by providing registered electronic communication, signature, and contracting services. With over 101 million residents and extensive mobile connectivity, Egypt presents a significant market opportunity. Lleida.net's pay-per-use model simplifies access to its patented services, further strengthening its position in the African market.

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Lleida.net has become the first private entity recognized as a UAE Pass Service Provider, facilitating digital signatures and contracts for UAE citizens and residents. This partnership with the Smart Dubai City Office integrates Lleida.net's eSignature and eContracting services with the UAE's national digital identity program, UAE Pass. The agreement promotes the mass adoption of digital solutions for official documents and is bolstered by Lleida.net's established presence in the Middle East through subsidiaries in Dubai.

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FAQ

What is the market cap of LLEIDANETWORKS SERVEIS (LLEIF)?

The market cap of LLEIDANETWORKS SERVEIS (LLEIF) is approximately 20.2M.

When was Lleida.net founded?

Lleida.net was founded in 1995.

What services does Lleida.net specialize in?

Lleida.net specializes in certified electronic notification, signature, and contracting services.

How many patents has Lleida.net accumulated?

Lleida.net has accumulated a total of 310 patents in more than 60 countries.

What was the EBITDA increase reported by Lleida.net in the first quarter of 2024?

Lleida.net reported a 71% increase in EBITDA, reaching €666,000.

How many clients did Lleida.net have in the first quarter of 2024?

Lleida.net had a total of 1,925 clients in the first quarter of 2024.

Where is Lleida.net listed?

Lleida.net is listed on multiple exchanges, including BME Growth, Euronext Growth Paris, OTC Markets in New York, Frankfurt, and Stuttgart stock exchanges.

What recent achievement did Lleida.net announce with the USTPO?

Lleida.net received its eighth patent from the USTPO for a new electronic contracting method.

What is the CEO of Lleida.net's name?

The CEO of Lleida.net is Sisco Sapena.

What percentage of Lleida.net's revenues in the first quarter of 2024 came from international customers?

Fifty-three percent of Lleida.net's revenues in the period came from customers outside Spain.

What is the focus of Lleida.net's approach to growth?

Lleida.net's approach to growth is based on intellectual property development, R&D, and internationalization policy.

How many clients does Lleida.net have in international markets?

Fifty-three percent of Lleida.net's revenues in the first quarter of 2024 came from customers outside Spain.

LLEIDANETWORKS SERVEIS

OTC:LLEIF

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LLEIF Stock Data

20.19M
4.93M
43.27%
1.23%
Telecom Services
Communication Services
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Madrid