VTEX - VTEX STOCK NEWS

VTEX reported strong performance in November, with a total Gross Merchandise Value (GMV) of US$1.75 billion, marking a 33% increase year-over-year. Orders also rose 30% year-over-year, highlighting resilience amid challenging macro conditions. Key growth verticals included electronics (+47% YoY) and grocery (+45% YoY), fueled by the FIFA World Cup. Despite a lower-than-expected Black Friday performance, the platform achieved 100% uptime during peak shopping days, enabling 1.5 million consumer orders, a 9% increase from last year.

VTEX (NYSE: VTEX) reported strong momentum in its B2B ecommerce platform, utilized by global brands such as Colgate and Mazda. The platform enhances businesses' digital operations and has seen notable successes, including a 496% increase in Colgate's monthly sell-out rate. Industry predictions suggest B2B ecommerce sales could reach $2.5 trillion by 2026. VTEX's solutions, including native functionalities for marketplaces and order management, are tailored to complex B2B needs, offering clients seamless digital commerce experiences.

VTEX (NYSE: VTEX) reported a strong Q3 2022 with a 29% YoY growth in GMV, reaching US$3.0 billion, and a 22% increase in total revenue to US$38.8 million. Gross profit surged 37% YoY, reflecting a margin expansion of 750 bps. Subscription revenue constituted 94.2% of total revenue, climbing 23.2% YoY. The company reduced its non-GAAP loss from operations to US$6.0 million, down from US$13.3 million in Q3 2021. VTEX anticipates Q4 2022 revenue between US$46.0 million and US$48.0 million, showing resilience amid uncertain macroeconomic conditions.

VTEX (NYSE: VTEX) will release its financial results for the third fiscal quarter on November 10, 2022, at 4:30 PM Eastern Time. This conference call will be accessible via phone at +1-844-200-6205 and through an audio webcast on the company's investor relations site. VTEX is a leader in enterprise digital commerce solutions, enabling brands and retailers to scale their commerce operations efficiently. The company serves over 2,400 customers and supports more than 3,200 active online stores across 38 countries.

VTEX (NYSE: VTEX) held its Annual General Meeting (AGM) on October 6, 2022, where 96.94% of shares were represented. At the meeting, shareholders ratified the Board of Directors and approved the financial statements for the fiscal year ended December 31, 2021. The directors included Geraldo do Carmo Thomaz Júnior and Mariano Gomide de Faria, both receiving over 99% approval. Additionally, the financial statements garnered 99.99% approval, reflecting strong shareholder support.

VTEX (NYSE: VTEX) has opened its new U.S. Hub in New York City, intended as a central location for the global digital commerce ecosystem. This hub aims to facilitate knowledge sharing and networking among clients and partners, including significant brands like Motorola and Beautycounter. VTEX, which went public in July 2021, now supports over 2,400 global customers across 38 countries. This strategic move aligns with recent investments by tech giants in NYC, thereby enhancing VTEX's visibility and growth potential in the U.S. market.

VTEX and Adyen have announced a global partnership aimed at enhancing the retail experience through unified commerce. This collaboration allows VTEX merchants to integrate Adyen's financial technology, providing a seamless platform for managing online and offline sales. The joint solution promises improved security, reduced costs, and consolidated customer data for better decision-making. According to Forrester, merchants could see a 1.52% increase in authorization rates and a 186% ROI over three years. The service is effective immediately across 38 countries.

VTEX, an enterprise digital commerce platform, will hold its Annual General Meeting of Shareholders on October 6, 2022, at its registered office in Grand Cayman, Cayman Islands. The meeting agenda, proxy card, and related materials are available on the company's website. VTEX serves over 2,400 customers, including major brands like AbInbev and Carrefour, with more than 3,200 active online stores across 38 countries as of December 31, 2021. The company aims to accelerate digital commerce transformation in Latin America and is expanding globally.

VTEX (NYSE: VTEX) has been recognized as a Visionary in the 2022 Gartner Magic Quadrant for Digital Commerce. The company reports significant customer growth, hosting over 230 successful live shopping events in Q2. New partnerships with brands like AB InBev and Whirlpool reflect its expanding global presence. Notably, the VTEX Live Shopping app enabled Samsung to generate over $1 million USD in GMV during a product launch in Mexico. With 96% user recommendation, VTEX is positioned to enhance digital commerce strategies for clients worldwide.