DLocal Limited (NASDAQ:DLO) Q4 2023 Earnings Conference Call March 19, 2024 8:30 AM ET Company Participants Pedro Arnt - Co-Chief Executive Officer Sebastian Kanovich - Co-Chief Executive Officer Sergio Fogel - Co-President and Chief Strategy Officer Diego Cabrera Canay - Chief Financial Officer Maria Oldham - Senior Vice President, Corporate Development, Investor Relations and Strategic Finance Soledad Nager - Head, Investors Relations Conference Call Participants Tito Labarta - Goldman Sachs Melissa Chen ...

Financial Performance - Total Payment Volume (TPV) reached $17.7 billion in FY23, representing a 67% year-over-year growth[9]. - Revenue for FY23 was $650 million, up 55% year-over-year, with a quarterly revenue of $188 million in Q4 2023, reflecting a 59% year-over-year increase[9][35]. - Gross profit increased by 37% year-over-year to $277 million, with a gross profit margin impacted by higher expatriation costs[9][41]. - Adjusted EBITDA for FY23 was $202 million, showing a 55% year-over-year growth, while Q4 2023 Adjusted EBITDA was $70 million, a 27% year-over-year increase[9][44]. - Total Payment Volume (TPV) for Q4 2023 is projected to be between $5.1B and $5.2B, with a total TPV of $17.7B for the year 2023[65]. - Gross profit for Q4 2023 is estimated to be between $131.5M and $188.0M, with a total gross profit of $650.4M for the year 2023[68]. - Adjusted EBITDA for Q4 2023 is expected to be between $240M and $260M, with a margin over gross profit of approximately 70%[21]. - The total revenue for Q4 2023 is expected to reach $188.0M, reflecting a year-over-year growth of 61%[68]. Growth Metrics - Net revenue retention rate (NRR) for FY23 was 150%, indicating strong performance from existing clients[13]. - The company experienced a 114% year-over-year revenue growth in Africa & Asia, contributing to 24% of total revenue[30][28]. - Net Revenue Retention (NRR) rate for Q4 2023 is reported at 149%, indicating strong retention and growth among existing merchants[72]. Operational Expansion - Employee growth was 24% year-over-year, with a total of 901 full-time equivalents (FTEs) as of Q4 2023[10]. - The company added over 10 new licenses and registrations in 2023, enhancing its operational capabilities in emerging markets[23]. - The company has integrated over 900 local payment methods across more than 40 countries, enhancing its market presence in emerging markets[62]. Future Guidance - The company plans for a TPV guidance of $25-27 billion and Adjusted EBITDA guidance of $220-260 million for FY24[58]. - The company anticipates a gross profit CAGR of 25-35% and an Adjusted EBITDA margin of over 75% in the mid-term[61]. Payment Volume Insights - Non-credit card volume accounted for 75% of total TPV in 2023, maximizing reach by accepting key local payment methods[18]. - Cross-border TPV accounted for 44% of total TPV in Q4 2023, while Local to Local transactions made up 56%[66]. Investment in Technology - The company is investing in technology and product headcount to support long-term growth, with a temporary increase in operating expenses[21].

In this video, I will go over DLocal's (DLO 2.13%) fourth-quarter earnings report and explain why I remain bullish despite a short-term hit on the stock.*Stock prices used were from the trading day of March 18, 2024. The video was published on March 18, 2024. ...

MONTEVIDEO, Uruguay, March 18, 2024 (GLOBE NEWSWIRE) -- dLocal (NASDAQ:DLO), the leading cross-border payment platform specializing in high-growth markets, is pleased to announce the appointment of Dr. Verónica Raffo as an independent board member, effective March 18, 2024. Dr. Raffo will join the esteemed ranks of our Audit Committee, bringing with them a wealth of experience and expertise in corporate governance. Dr. Raffo brings a distinguished track record of accomplishments as a partner in Ferrere, one ...

MONTEVIDEO, Uruguay, March 18, 2024 (GLOBE NEWSWIRE) -- dLocal (NASDAQ:DLO), the leading cross-border payment platform specializing in high-growth markets, announced today that Mark Ortiz has been appointed Chief Financial Officer. Ortiz will report directly to dLocal's CEO, Pedro Arnt, overseeing dLocal's accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk, and treasury functions. Mark's appointment complements the already exceptional leadership ...

Full Year 2023 resultsUS$17.7 billion Total Payment Volume, up 67% year-over-yearRevenue of US$650 million, up 55% year-over-year150% Net Revenue Retention RateGross Profit of US$277 million, up 37% year-over-yearAdjusted EBITDA of US$202 million, up 32% year-over-year Fourth Quarter 2023US$5.1 billion Total Payment Volume, up 55% year-over-year and 11% quarter-over-quarterRevenue of US$188 million, up 59% year-over-year and 15% quarter-over-quarter149% Net Revenue Retention RateGross Profit of US$70 millio ...

After a nearly two-year rally, many well-known big tech stocks have valuations that look stretched, meaning this recent rally could be due for a breather. So, where do savvy investors put their money to work now in search of the next generation of multibagger returns? In my experience, times like these are well-suited for investors who are willing to find under-the-radar growth stocks that have been mostly left behind by the rally. The companies I’m going to discuss in this article fit this profile, and hav ...

A few years ago, it seemed that new initial public offerings (IPOs) and special purpose acquisition companies (SPACs) were coming around almost every week. When markets are hot, companies tend to take advantage and issue their shares to the public. Indeed, more than 1,400 IPOs and SPACs have gone public in the U.S. since 2021 alone.Not surprisingly, many of those offerings were not pristine quality and have fallen on hard times subsequently. But there are some real diamonds in the rough.Given the huge numbe ...

Finding stocks that can make you a millionaire isn't easy, but it is possible. Just look at Super Micro Computer, a recent market-stomper. Just $30,000 invested in it at the start of 2020 would have made you a millionaire by now, and the stock was right under most investors' noses.So what other stocks have that kind of upside that you should be watching? I've got two that make the cut.UiPath and dLocal each serve massive marketsTaking a cue from Supermicro, to find stocks that could make you a millionaire y ...

SOPA Images/LightRocket via Getty Images Business Model DLocal Limited (NASDAQ:DLO) is an online cross-border payment experience in emerging markets. Through one API (Application Programming Interface) one technology platform enables global enterprise merchants to get paid (Pay-In) and to make payments (Pay-Out) online in safety. DLocal operates conversion rates, reduced friction, and enhanced fraud prevention, which enables us to serve nearly 2 billion potential combined internet customers in the countries ...