Lleida.net reports losses of 2.65 million euros and a 20% drop in sales in 2023
29 Aprile 2024 - 9:39PM
Lleida.net reports losses of 2.65 million euros and a 20% drop in
sales in 2023
Madrid, April 29.- Lleida.net (BME:LLN) (EPA:ALLLN)
(OTCQX:LLEIF) sales fell by 20 percent in 2023 due to the negative
evolution of the company's activity in Latin America and the change
in trend in the SMS market.
The company sold €16.4 million in the fiscal year, compared with
€20.6 million at year-end 2022, or a reduction of €4.2 million. The
only line of business that grew was certified e-recruitment.
In financial terms, the company posted an after-tax result of
€2.65 million loss in 2023, compared to the €515,000 it lost in
2022.
"What is clear is that the market is demanding a change in our
approach to the business model. Since the end of last year, we have
been working to produce and generalize a more standardized SaaS and
to strengthen our commercial work within the European Union, which
is our natural market," explained Sisco Sapena, founder and
CEO.
The company explained in a report issued this morning to the
market that "during the first quarter of fiscal year 2024, the
Group has continued with the policy of cost adjustments".
THE COMPANY'S BUSINESS PERFORMANCE IN 2024
On November 3, the company already announced a restructuring
plan, which included dismissing a significant part of its
workforce, making significant cuts in external suppliers,
marketing, and production, and closing and selling several
subsidiaries.
As a consequence of these changes, so far this year, Lleida.net
has announced relevant new contracts:
On April 18, it signed a Letter of Intent with PostNL for the
exclusive distribution of Lleida.net's services in the Netherlands
in the presence of the King and Queen of Spain and the
Netherlands.
On April 16, the company announced a new contract with Peruana
de Entretenimiento en Línea S.A.C., allowing it to bill some
600,000 euros annually.
At the beginning of April, Lleida-net signed a contract with
América Latina Redex SAS for 500,000 euros per year; the technology
company will provide the Redex group with its notification,
signature, and electronic contracting services, giving them access
to its entire catalog of products.
It signed a contract with the Colombian Attorney General's
Office in March for 250,000 euros.
On February 16, Santander Global Technology & Operations
S.L. awarded the company three lots for SMS sending services for a
total value of 1.89 million euros.
MARKET LEADER SINCE 1995
Lleida.net is one of the leading companies in Europe in the
certified electronic signature, notification, and contracting
industry.
It has received over 310 patents from more than 60 countries
worldwide and has one of the industry's most robust intellectual
property portfolios.
The company, whose technology is marketed in more than 50
countries, serves credit institutions, telecommunications
companies, and insurance companies.
Lleida.net, founded in 1995, went public for the first time in
Madrid in 2015. It subsequently executed a dual listing on Euronext
Growth Paris in 2018 and OTC Markets in New York in 2020. Its
securities are also traded on the Frankfurt and Stuttgart stock
exchanges.
SAFE HARBOR STATEMENT
This press release contains statements regarding the future of
the company and its innovations. Statements regarding the future
may be accompanied by words such as "anticipate", "believe",
"estimate", "wait", "anticipate", "pretend", "power", "plan",
"potential", the use of future time and other terms of similar
meaning. No undue reliance should be placed on these claims. These
statements involve risks and uncertainties that could cause actual
results to differ materially from those reflected in such
statements, including uncertainty of the company's commercial
success, ability to protect our intellectual property rights, and
other risks. These statements are based on current beliefs and
forecasts and refer only to the date of this press release. The
company assumes no obligation to publicly update its
forward-looking statements, regardless of whether new information,
future events or any other circumstance arise.
Grafico Azioni Lleidanetworks Serveis T... (EU:ALLLN)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Lleidanetworks Serveis T... (EU:ALLLN)
Storico
Da Gen 2024 a Gen 2025
