Revenue Growth - Total revenue for the three months ended September 30, 2024, was $55,996, an increase of 10% compared to $50,628 for the same period in 2023[14] - Subscription revenue reached $53,897 for the three months ended September 30, 2024, up from $47,544 in the prior year, representing a growth of 13%[14] - Total revenue for the nine-month period ended September 30, 2024, was US$12.85 billion, compared to US$11.14 billion for the same period in 2023, reflecting a significant growth[68] - Subscription revenue for the nine months ended September 30, 2024, reached $158,244, up 19.8% from $132,078 in the prior year[46] - Approximately 96.3% of total revenue for the three-month period ended September 30, 2024, was derived from subscription services, up from 93.9% in the same period of 2023[68] Profitability - Gross profit for the three months ended September 30, 2024, was $41,718, compared to $35,608 for the same period in 2023, reflecting an increase of 17%[14] - Net income for the three months ended September 30, 2024, was $3,244, a significant improvement from a net loss of $2,379 in the same period last year[14] - The company reported a basic earnings per share of $0.018 for the three months ended September 30, 2024, compared to a loss per share of $0.013 in the same period last year[14] - Net income for the period ended September 30, 2024, was $5,719 thousand, compared to a net loss of $16,917 thousand for the same period in 2023[17] - The company reported a Non-GAAP income from operations of $1.7 million for the three months ended September 30, 2023, compared to a loss of $4.1 million in the same period of 2022[74] Assets and Liabilities - Total assets increased to $373,159 as of September 30, 2024, up from $341,145 at the end of 2023, marking a growth of 9%[10] - Total liabilities stood at $110,946 as of September 30, 2024, compared to $100,813 at the end of 2023, indicating an increase of 10%[10] - Equity attributable to VTEX's shareholders rose to $262,168 as of September 30, 2024, from $240,293 at the end of 2023, reflecting an increase of 9%[10] - Deferred revenue increased to $56,363 as of September 30, 2024, up from $42,532 at the end of 2023, representing a growth of 33%[10] Cash Flow - Cash provided by operating activities was $15,979 thousand, a significant increase from cash used in operating activities of $(5,655) thousand in the prior year[17] - The company reported a net cash used in investing activities of $(17,977) thousand, compared to a net cash provided of $30,294 thousand in the same period last year[17] - The company’s cash and cash equivalents decreased to $22,525 as of September 30, 2024, from $28,035 at the end of 2023, a decline of 20%[8] - Net cash provided by operating activities was US$14.5 million for the nine-month period ended September 30, 2024, compared to cash used of US$5.4 million in the same period of 2023[100] Expenses - Operating expenses for the three months ended September 30, 2024, were $38.846 million, compared to $39.983 million for the same period in 2023, reflecting a decrease of 2.8%[85] - Research and development expenses for the three months ended September 30, 2024, were $13.366 million, down from $15.508 million in the same period of 2023[85] - Sales and marketing expenses increased by 8.7% to $16.4 million for the three-month period ended September 30, 2024, primarily due to increased compensation expenses[93] - Share-based compensation expense for the nine months ended September 30, 2024, was $12,136, slightly up from $12,068 in the same period of 2023[51] Market Position and Strategy - VTEX was recognized as a Customers' Choice in the 2024 Gartner® Voice of the Customer Digital Commerce report, with 98% of customers willing to recommend the platform[65] - The company has been named a Leader in the IDC MarketScape for Worldwide B2C Digital Commerce Platforms for Midmarket Growth, rated highest among 25 vendors[65] - The transaction-based fee model aligns the company's revenue growth with the success of its customers, indicating a strong correlation between GMV growth and revenue growth[67] - The company aims to redefine the boundaries between digital and physical commerce, enhancing customer conversion and efficiency rates[65] Financial Instruments and Risks - The notional value of derivative financial instruments designed as a hedge of foreign currency risk in Argentina was $12,000, with maturity due in December 2024[61] - The company aims to minimize interest rate risk by maintaining a portfolio of cash equivalents in a variety of investment-grade securities[106] - As of September 30, 2024, the company is not materially exposed to the risk of changes in market interest rates due to the short-term maturities of its cash and investments[106]

VTEX (VTEX) is set to report its third-quarter 2024 results on Nov. 5.It expects third-quarter 2024 revenues between $56 million and $57 million, indicating 18-20% year-over-year growth. The Zacks Consensus Estimate for third-quarter earnings has been steady at 2 cents per share over the past 30 days. VTEX reported a loss of 1 cent in the year-ago quarter.The consensus mark for third-quarter revenues is pegged at $57.08 million, indicating an increase of 12.73% from the figure reported in the year-ago quart ...

A downtrend has been apparent in VTEX (VTEX) lately. While the stock has lost 8% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of ...

Company Overview - VTEX is a software-as-a-service digital commerce platform that assists retailers in developing commerce strategies, building online stores, and managing orders across channels [2] - Founded in 2000 and headquartered in London, VTEX was established by Geraldo do Carmo Thomaz Junior and Mariano Gomide de Faria [2] Earnings Performance - VTEX has a strong earnings history, consistently beating the Zacks Consensus in the last four quarters [3] - The average positive earnings surprise over the last four quarters is 177% [4] Earnings Estimates - Earnings estimates for VTEX have been revised upwards, with the current quarter moving from a loss of $0.03 to breakeven, and the next quarter from $0.01 to $0.02 [4] - The full year 2024 estimate has improved from a loss of $0.03 to a gain of $0.06 over the last 60 days [4] - Next year's estimate has also increased from $0.11 to $0.15 [5] Growth Projections - For 2024, VTEX is expected to achieve 16% growth with projected sales of $234 million, increasing to $279 million in the following year, representing a 19.5% growth [5] Valuation Metrics - The forward price-to-earnings (PE) ratio is 108x, indicating a high valuation typical for companies transitioning to profitability [6] - The price-to-book ratio stands at 5x, which is reasonable given the company's growth and asset-light business model [6] - The price-to-sales ratio is at 5.7x, suggesting potential for revenue expansion [6] Margin Analysis - Operating margins have improved from -6.5% to -3.8%, and further to +1.5% over the last three quarters, indicating better profitability [7] - Increasing sales and higher margins are expected to lead to higher earnings per share [7]

The price trend for VTEX (VTEX) has been bearish lately and the stock has lost 5.1% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bul ...

Shares of VTEX (VTEX) have gained 11.1% over the past four weeks to close the last trading session at $7.20, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11.13 indicates a potential upside of 54.6%. The mean estimate comprises four short-term price targets with a standard deviation of $2.66. While the lowest estimate of $8 indicates an 11.1% increase from the current price l ...

Shares of VTEX (VTEX) have gained 1.2% over the past four weeks to close the last trading session at $6.94, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11 indicates a potential upside of 58.5%. The mean estimate comprises four short-term price targets with a standard deviation of $2.58. While the lowest estimate of $8 indicates a 15.3% increase from the current price level, ...

Financial Data and Key Metrics Changes - VTEX's GMV grew by 19% and revenues increased by 22% in FX neutral terms, driven by new contracts, cross-selling, and strong net revenue retention [5][27] - Subscription revenue reached $54 million, up from $44.8 million in Q2 2023, representing a year-over-year increase of 20.6% in U.S. dollars and 24.7% in FX neutral [29] - Non-GAAP gross margin improved to 74%, a 597 basis points increase from 68% in Q2 2023 [31] Business Line Data and Key Metrics Changes - Non-GAAP subscription gross margin reached 78.1%, a 285 basis points year-over-year improvement [31] - Non-GAAP total operating expenses were stable at $35.4 million, reflecting ongoing operational leverage [32] Market Data and Key Metrics Changes - VTEX's Q2 GMV reached $4.4 billion, marking a year-over-year growth of 15.6% in U.S. dollars and 19.4% in FX neutral [27] - The company experienced strong performance from existing customers, with GMV growth in the teens level, outperforming the overall e-commerce market [57] Company Strategy and Development Direction - VTEX is focused on profitable growth and operational efficiency, with a commitment to reaching the Rule of 40 as a financial guiding principle [28][29] - The company is expanding its partnerships, including a new collaboration with Pinterest to enhance social commerce opportunities [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth prospects, citing strong sales momentum and operational leverage despite uncertain macroeconomic conditions [34][35] - The company remains cautious about the macroeconomic environment, particularly in Argentina, which continues to be a headwind for consolidated growth [43][44] Other Important Information - VTEX achieved ISO 27001 certification, enhancing its commitment to information security [14] - The company celebrated the successful launch of VTEX Connect Europe, attracting over 3,000 registrants and showcasing its growth potential in the region [9][10] Q&A Session Summary Question: Main elements leading to the revision of growth and profitability guidance - Management highlighted strong performance from existing customers and robust new contract signatures as key factors for increasing revenue guidance [37] Question: What's next beyond the target model? - Management noted that while they are close to their target model, they will continue to pursue improvements in gross margins and will inform the market of future steps [41] Question: Update on the macro situation in Argentina - Management indicated that while consumption improved during the hot sales event, the overall macroeconomic situation remains volatile and challenging [43][44] Question: Impact of AI on the SaaS business - Management believes AI will significantly impact customer service and sales processes, and VTEX plans to leverage AI models to enhance its offerings [45][46] Question: Update on sales cycle length and corporate budgets - Management reported stabilization in the sales cycle and noted that corporate budgets are more focused on delivering attractive bottom lines due to high interest rates [55]

For the quarter ended June 2024, VTEX (VTEX) reported revenue of $56.54 million, up 18.1% over the same period last year. EPS came in at $0.03, compared to -$0.04 in the year-ago quarter. The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $55.46 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +400.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024. Commission File Number 001-40626 VTEX (Exact name of registrant as specified in its charter) N/A (Translation of registrant's name into English) 100 Avebury Boulevard, Milton Keynes, MK9 1FH London, United Kingdom (Address of principal executive office) Indicate by check ma ...