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Overview of Lleida.net
Lleida.net (OTCQX: LLEIF) is a pioneering technology company specializing in certified electronic notification, contracting, and signature solutions. Founded in 1995 and headquartered in Spain, the company addresses the critical need for secure, legally binding digital communications in a rapidly digitizing world. Leveraging its extensive intellectual property portfolio, which includes over 300 patents across more than 60 countries, Lleida.net has established itself as a trusted provider of innovative solutions in the legal-tech and digital transformation sectors.
Core Business Model
The company operates primarily through a Software as a Service (SaaS) model, offering subscription-based access to its certified electronic communication services. It also generates revenue through licensing its patented technologies and providing tailored solutions to clients in diverse industries, including government, finance, telecommunications, and education. This multi-faceted revenue model enables Lleida.net to serve both small-scale enterprises and large multinational corporations, ensuring scalability and adaptability.
Key Services and Offerings
- Certified Electronic Notification: Provides legally binding notifications with full traceability, ensuring compliance with international regulatory standards.
- Certified Electronic Contracting: Facilitates secure, encrypted digital contract signing, minimizing risks associated with data breaches or unauthorized access.
- Certified Electronic Signature: Offers a reliable and legally recognized method for digital document authentication, suitable for high-stakes transactions.
- SMS and ICX Solutions: Delivers robust messaging services for corporate clients, enhancing communication efficiency and reliability.
Market Position and Competitive Landscape
Lleida.net operates in the highly competitive legal-tech and digital communication industries, where it differentiates itself through its patented innovations and extensive international presence. The company is listed on multiple stock exchanges, including BME Growth (Madrid), Euronext Growth (Paris), and OTC Markets (New York), reflecting its global reach and investor confidence. Its competitors include other legal-tech firms and SaaS providers, but Lleida.net's focus on intellectual property development and compliance with international standards gives it a significant edge.
Global Reach and Clientele
With operations in over 60 countries and a client portfolio that spans government institutions, financial entities, and large corporations, Lleida.net has a robust international footprint. Notable clients include government agencies in Colombia and Peru, as well as private sector leaders like Bosch Telematic Services. The company's ability to adapt its offerings to meet the specific regulatory and operational needs of different regions underscores its versatility and market adaptability.
Intellectual Property and Innovation
At the heart of Lleida.net's strategy is its commitment to research and development (R&D), as evidenced by its impressive patent portfolio. These patents cover a wide range of innovations in certified electronic communication, ensuring that the company remains at the forefront of technological advancements in its field. This focus on intellectual property not only strengthens its competitive position but also provides a steady stream of licensing revenue.
Challenges and Strategic Focus
While Lleida.net has achieved significant milestones, it operates in a dynamic industry characterized by rapid technological advancements and evolving regulatory landscapes. The company has addressed these challenges through strategic initiatives such as its Comprehensive Recovery Plan, which focuses on operational efficiency, debt reduction, and sustainable growth. Its emphasis on internationalization and client diversification further mitigates market-specific risks.
Conclusion
Lleida.net is a trailblazer in the certified electronic communication industry, offering a diverse range of services that cater to the growing demand for secure and legally compliant digital interactions. Its focus on innovation, intellectual property, and global expansion positions it as a key player in the legal-tech ecosystem, making it a company to watch in the evolving digital economy.
Sisco Sapena, CEO and founder of Lleida.net (OTCQX: LLEIF), acquired 44,000 shares at EUR 4.03 each, increasing his ownership to 34.27%. This marks his sixth purchase this year, totaling over 146,000 shares. The acquisition occurred on the same day Lleida.net's General Meeting approved the purchase of Indenova for EUR 7.1 million. Lleida.net is a leader in registered electronic signatures with a strong IP portfolio, holding over 200 patents across 63 countries.
Lleida.net's General Shareholders Meeting, held in Madrid on November 29, 2021, approved the acquisition of Indenova, a tech company, with overwhelming support from 98.44% of shareholders. The transaction, valued at 7.1 million euros, includes assuming 1.6 million euros in existing debt. This acquisition is expected to enhance Lleida.net's growth, projecting an EBITDA increase of 3.79 million euros, and a combined turnover of 19.72 million euros. Payments will be made over four years, with initial cash payments totaling EUR 4 million.
The CEO of Lleida.net, Sisco Sapena, purchased 41,000 shares of the company at a weighted average price of EUR 4.67, totaling over 191,600 euros. This acquisition increases his ownership to 34% of the company. In 2021, he has acquired 102,300 shares demonstrating confidence in Lleida.net's future. The company also announced plans to buy Indenova for 7.1 million euros and reported a 26% increase in SaaS sales year-over-year. Lleida.net boasts over 200 patents and has maintained positive EBITDA for 21 quarters.
Lleida.net reported a 26% increase in SaaS sales for Q3 2021, reaching €4.7 million year-to-date, with Q3 sales exceeding €1.5 million. Total sales across all segments hit €12.58 million, up €860,000 from the previous year. The company achieved a pre-tax result of €788,000 and recorded 21 consecutive quarters of positive EBITDA. International sales grew from 53% to 56% over the year, reflecting Lleida.net's commitment to global expansion and innovation.
Lleida.net reported a remarkable 90% increase in pre-tax profit, achieving €659,000 in the first half of 2021, up from €346,000 in H1 2020. The company also recorded an EBITDA of €1.19 million and a significant sales boost in its SaaS line, which rose by 33% to €3.1 million. The recent acquisition of inDenova for €7.1 million is expected to enhance EBITDA to over €3.96 million. With a market cap exceeding €80 million, Lleida.net solidifies its position as a leader in registered electronic notifications and contracting.
Lleida.net has finalized the purchase of 100% of inDenova's stock for 7.1 million euros, which includes assuming 1.6 million euros in financial debt. The acquisition aims to enhance Lleida.net's EBITDA to over 3.96 million euros, with a combined turnover of 19.7 million euros. The deal will be financed through bank loans and will involve staged payments over four years. The acquisition is part of Lleida.net's inorganic growth strategy.
Lleida.net has entered into a Memorandum of Understanding with Smart Africa to enhance digitization of public services across African nations. This agreement, signed on October 18 during the Dubai Expo, will allow local organizations to implement digital projects without significant infrastructure investments. Smart Africa partners with major tech firms, aiming to propel digitization on the continent, which has 650 million mobile phones and 525 million internet users. Lleida.net's SaaS offerings have shown a growth in utilization, surpassing the total for all of 2020 in just the first nine months of 2021.
Lleida.net has secured a partnership with Protección S.A., Colombia's second-largest pension fund administrator, to provide registered electronic signature, notification, and contracting services. This agreement will facilitate 10,000 transactions monthly across 20 categories, streamlining Protección S.A.'s operations. With over 2.5 million members, Protección manages various pension plans and insurance. This contract highlights Lleida.net's growing influence in Colombia, complementing its recent extension with the national postal service. The company boasts a strong patent portfolio and significant international service reach.
Lleida.net has exceeded its SaaS services production for the first three quarters of 2021, delivering over 22.7 million units, surpassing the total for 2020. This growth reflects a 43.85% increase in active API signature circuits, totaling 742. The company's registered electronic contracts grew by over 80% year-on-year in Q3 2021. Notably, registered SMS traffic increased by 34.89%. Lleida.net's technology, protected by over 200 patents in 63 countries, is utilized globally, with analysts estimating its share value at approximately 10 euros.
Lleida.net (OTCQX: LLEIF), a leader in registered electronic notifications and digital contracts, announced a U.S. non-deal roadshow in New York on October 1, 2021. CEO Sisco Sapena and CFO Arrate Usandizaga will discuss business growth, financials, and the recent inDenova acquisition. The company boasts a significant intellectual property portfolio with over 200 patents across 60 countries. It reported a 24% year-on-year asset growth to €13.2 million and a 91% increase in profit before tax for H1 2021, amounting to €662,000.
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