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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.
Lleida.net has been awarded a new 20-year patent by the South Korean government, marking its fourth patent recognition in the country and the 218th worldwide. This EIDAS-certified patent relates to electronic signature technology and is expected to generate an estimated €3 million in revenue over the next two decades. In 2022, the company reported a 25% increase in sales, totaling €15.7 million in the first nine months, with EBITDA rising 44% from the previous year. Lleida.net aims to enhance its growth strategy in the electronic signature market across various regions.
Lleida.net has reported a 25% growth in sales during the first nine months of 2022, reaching €15.7 million. The company's third-quarter sales grew by 21%, totaling €5.17 million. EBITDA increased by 44% in Q3, with a profit of €109,000 before taxes. Despite a 6% decline in cumulative EBITDA compared to 2021, all business lines saw increased turnover. Notably, SaaS sales comprise 39% of total sales, with hybrid product sales climbing 134%. International sales now account for 57% of total turnover.
Lleida.net reported significant growth in its SaaS electronic contracting services for Q3 2022. API contract signing production rose by 32.26%, driven largely by telecom contracts. Overall service usage has increased tenfold since 2019. Growth was also noted in real estate loans and consumer credit in Europe and Latin America. Click&Sign Pro circuits saw a 38.02% increase, primarily from insurance and credit card contracts. However, registered email traffic dropped by 5.01%. The company continues to expand its capabilities amidst increasing service adoption.
Lleida.net has secured a groundbreaking 2.5 million euros contract with Colombian postal services, marking the largest contract in the company's history. This two-year agreement with 4-72 represents approximately 14% of the company's 2021 turnover and grants access to Lleida.net's full range of electronic notification, signature, and contracting products. Operating in Colombia since 2014, Lleida.net continues to establish a strong presence in the market and boasts over 200 clients.
Lleida.net's CEO, Sisco Sapena, purchased 120,200 shares at 2.93 euros each, totaling 352,186 euros, increasing his stake to 35.64% in the company. Sapena expressed confidence in the undervalued stock, aligning with analysts’ views on its potential. Lleida.net, a leader in the registered signature and notification sector, boasts over 205 patents worldwide since its inception in 1995.
Lleida.net has received a new patent in South Africa, marking its 215th international patent for email registration methods. The patent, numbered ZA202102607, is valid for 20 years and is part of the company's strategy to strengthen its presence in significant markets. With six patents granted in South Africa, the company emphasizes the region's potential, given its large population and mobile connectivity. Lleida.net's growth strategy focuses on intellectual property and R&D in the electronic contracting market.
Lleida.net has secured a new patent in South Africa for its email certification process, titled 'METHOD FOR CERTIFYING DELIVERY OF ELECTRONIC MESSAGES,' valid for 20 years. This marks the fifth patent granted to the company in South Africa, showcasing its strong presence in the region. With 214 patents globally, Lleida.net boasts one of the largest intellectual property portfolios in certified electronic contracting, recognized in over 60 countries. South Africa, a key market with a population of over 57 million and extensive mobile ownership, presents significant growth potential for the company.
Lleida.net CEO, Sisco Sapena, acquired 25,000 shares at €2.29 per share, increasing his ownership to 34.89%. This is his second purchase in 30 days. Sapena believes the shares are undervalued based on analyst reports. Lleida.net reported a 27% increase in sales for the first half of 2022, reaching over €10.5 million, marking a record high. The company holds 213 patents, ranking among the largest intellectual property portfolios in its field, with recognition from over 60 countries worldwide.
Lleida.net achieved record sales in H1 2022, with a 27% increase, totaling over 10.5 million euros. International sales accounted for 55% of total revenue, driven by growth in Western Europe and Latin America. Despite an increase in customer base and average ticket size, EBITDA dropped 24% to 910,000 euros due to new investments. The company is preparing for significant expansion from 2022-2027, increasing personnel and investing in innovation. CEO Sisco Sapena emphasized that these investments, while impacting short-term results, are crucial for future growth.
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