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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.
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.
Lleida.net has obtained its eighth patent in the United States for a new electronic contracting method. The patent allows the company exclusive rights to market the new method of signing contracts in the USA, with enhanced data encryption to prevent internal leakage. With a total of 8 patents in the country, Lleida.net aims to expand its international client base, focusing on growth through intellectual property, R&D, and internationalization.
Lleida.net, a Spanish listed company, achieved a record number of customers in the first quarter of 2024, with a 7.30% increase compared to the previous year. The company also reported a 71% rise in EBITDA to €666,000, attributing the growth to cost reduction efforts and international expansion. Lleida.net focuses on certified electronic signature services and has accumulated 309 patents in over 60 countries.
Lleida.net, a Spanish-listed company, reported a 71% increase in EBITDA in Q1 2024, reaching €666,000. Sales amounted to EUR 4.71 million, with positive operating and yearly results. The company's recovery is attributed to strategic corrective measures implemented, resulting in increased client numbers and growth potential.
Lleida.net reported a 20% drop in sales in 2023, totaling €16.4 million, attributing the decline to challenges in Latin America and the SMS market. The company also faced a loss of €2.65 million in 2023, compared to €515,000 in 2022. The focus now shifts to restructuring and enhancing SaaS offerings within the EU.
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