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VTEX(VTEX) - 2024 Q1 - Quarterly Report
2024-02-27 21:01
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 February 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) 125 Kingsway, WC2B 6NH London, United Kingdom (Address of principal executive office) Indicate by check mark whether the regist ...
VTEX(VTEX) - 2023 Q4 - Annual Report
2023-11-07 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION VTEX Washington, D.C. 20549 (Exact name of registrant as specified in its charter) FORM 6-K N/A (Translation of registrant's name into English) REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 125 Kingsway, WC2B 6NH London, United Kingdom (Address of principal executive office) For the month of November 2023. Commission File Number 001-40626 Indicate by check mark whether the registrant files or will ...
VTEX(VTEX) - 2023 Q3 - Quarterly Report
2023-08-08 20:01
VTEX (Exact name of registrant as specified in its charter) 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 2023 Commission File Number 001-40626 N/A (Translation of registrant's name into English) 125 Kingsway, WC2B 6NH London, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will fi ...
VTEX(VTEX) - 2023 Q1 - Earnings Call Transcript
2023-05-13 21:59
VTEX (NYSE:VTEX) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Julia Vater Fernandez - IR Director Geraldo Thomaz Jr. - Founder and Co-CEO Ricardo Camatta Sodre - CFO Mariano Gomide de Faria - Founder and Co-CEO Andre Spolidoro - Chief Strategy Officer Conference Call Participants Marcelo Santos - JPMorgan Clarke Jeffries - Piper Sandler Franco Granda - D.A. Davidson Cesar Medina - Morgan Stanley Julia Vater Fernandez Hello, everyone, and welcome to the VTEX Earnings conference ...
VTEX(VTEX) - 2023 Q2 - Quarterly Report
2023-05-09 20:02
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 May 2023. Commission File Number 001-40626 VTEX (Exact name of registrant as specified in its charter) N/A (Translation of registrant's name into English) 125 Kingsway, WC2B 6NH London, United Kingdom (Address of principal executive office) PART I - FINANCIAL INFORMATION Item 1 - Financial Statements Ind ...
VTEX(VTEX) - 2022 Q4 - Earnings Call Transcript
2023-03-03 02:51
VTEX (NYSE:VTEX) Q4 2022 Earnings Conference Call March 2, 2023 4:30 PM ET Company Participants Julia Fernandez - Director, IR Geraldo do Carmo Thomaz - Founder & Co-CEO Ricardo Sodre - CFO Mariano Gomide de Faria - Founder & Co-CEO Conference Call Participants Marcelo Santos - JPMorgan Fred Mendes - Bank of America Merrill Lynch Clarke Jeffries - Piper Sandler Andre Salles - UBS Operator Good afternoon. Thank you for attending today's VTEX 2022 Financial Results Conference Call. My name is Megan, and I'll ...
VTEX(VTEX) - 2022 Q4 - Earnings Call Presentation
2023-03-02 23:27
| --- | --- | --- | --- | --- | |----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Business Overview Fourth Quarter 2022 | | | | | | March 2022 | | | | | SAFE HARBOR This presentation has been prepared by VTEX ("we," "us," "our," "VTEX" or the "Company"). This presentation may contain forward-looking statements relating to such matters as continued growth prospects for the Company, industry trends and product and technology initiative ...
VTEX(VTEX) - 2022 Q4 - Annual Report
2023-03-02 21:03
Table of Contents As filed with the Securities and Exchange Commission on March 2, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPAN ...
VTEX(VTEX) - 2023 Q1 - Quarterly Report
2023-03-02 21:02
Revenue and Growth - Total revenue for the year ended December 31, 2022, was $157.62 million, representing a 25.3% increase from $125.77 million in 2021[12] - Subscription revenue increased to $148.48 million in 2022, up 25.4% from $118.47 million in 2021[12] - Total revenue for 2022 was $157,620,000, up 25.3% from $125,773,000 in 2021[61] - Total revenue for the three months ended December 31, 2022, increased to $45.5 million, a 22.5% increase from $37.1 million in the same period of 2021[117] - Total revenue for Q4 2022 was $45.5 million, a 22.5% increase from $37.1 million in Q4 2021, driven by a 34.4% increase in GMV to $3.9 billion[147] - Subscription revenue for Q4 2022 was $42.7 million, a 23.8% increase from $34.5 million in Q4 2021[147] - The GMV for the twelve months ended December 31, 2022, was $12.7 billion, compared to $9.7 billion for the twelve months ended December 31, 2021, reflecting a significant year-over-year growth[121] Profitability and Loss - Gross profit for the year was $104.79 million, a 37.6% increase compared to $76.18 million in 2021[12] - Net loss for the year decreased to $52.42 million from $60.51 million in 2021, showing an improvement of 13.8%[12] - The company reported a basic loss per share of $0.275 for the year ended December 31, 2022, compared to $0.333 in 2021[12] - The company's net loss for the period ended December 31, 2022, was $0.3 million, significantly improved from a net loss of $10.6 million in Q4 2021[123] - For the twelve months ended December 31, 2022, the net loss amounted to $52.4 million, compared to $60.5 million for the same period in 2021[173] Expenses and Cost Management - Operating expenses for the year were $107.73 million, compared to $113.62 million in 2021, reflecting a decrease of 5.2%[12] - Operating expenses for Q4 2022 were $32.9 million, a decrease from $38.5 million in Q4 2021, primarily due to reduced sales and marketing expenses[157] - Sales and marketing expenses for Q4 2022 decreased by 29.0% to $12.4 million, attributed to workforce optimization and reduced marketing costs[157] - General and administrative expenses for the full year 2022 decreased by 11.1% to $28.3 million, mainly due to reduced outsourcing expenses[156] Cash Flow and Financial Position - Cash and cash equivalents significantly dropped to $24.39 million in 2022 from $121.01 million in 2021, a decrease of 79.8%[8][16] - The company had a cash outflow from operating activities of $29.22 million in 2022, an improvement from $52.99 million in 2021[16] - Net cash used in operating activities decreased by US$23.8 million to US$29.2 million for the year ended December 31, 2022, from US$53.0 million in 2021[175] - Net cash used in investing activities decreased by US$123.4 million to US$43.4 million for the year ended December 31, 2022, from US$166.8 million in 2021[176] Assets and Liabilities - Total assets decreased to $357.67 million in 2022 from $414.97 million in 2021, a decline of 13.8%[8][10] - Total current liabilities increased to $62.02 million in 2022, up from $58.89 million in 2021, an increase of 5.4%[10] - Total accounts payable and accrued expenses increased from $31,514,000 in 2021 to $34,647,000 in 2022, an increase of 10.3%[48] - The total financial liabilities at amortized cost were US$20,852 as of December 31, 2022, down from US$23,435 in 2021[86] Research and Development - Research and development expenses for the full year 2022 increased to $57.2 million, reflecting continued investment in product innovation[141] - Research and development expenses increased by US$2.1 million, or 18.0%, to US$14.1 million for the three months ended December 31, 2022, compared to US$11.9 million for the same period in 2021[159] - For the twelve months ended December 31, 2022, research and development expenses rose by US$12.0 million, or 26.6%, to US$57.2 million from US$45.2 million in 2021[160] Market and Strategic Outlook - The company plans to continue expanding operations in new regions, including Mexico, Europe, and the United States[158] - The company anticipates fluctuations in total revenue in the near term as growth rates normalize post-COVID-19 pandemic[127] Stock and Shareholder Information - The company repurchased 3,287,960 Class A common shares for $12,723,000 in 2022[58] - The company has authorized a share repurchase program of up to $30 million, set to expire on August 8, 2023[57] - As of December 31, 2022, VTEX has awarded 3,345,616 stock options and 2,067,889 restricted share units under the 2021 Share Plan, with 515,177 Class A common shares remaining available for issuance[68]
VTEX(VTEX) - 2022 Q3 - Earnings Call Transcript
2022-11-10 23:56
VTEX (NYSE:VTEX) Q3 2022 Results Conference Call November 10, 2022 4:30 PM ET Company Participants Julia Vater Fernandez - Investor Relations Director Geraldo Thomaz - Founder and Co-Chief Executive Officer Ricardo Camatta Sodre - Finance Executive Officer Mariano Gomide de Faria - Founder and Co-Chief Executive Officer Conference Call Participants Marcelo Santos - JPMorgan Andre Salas - UBS Diego Aragao - Goldman Sachs Clarke Jeffries - Piper Sandler Thiago Kapulskis - Itua BBA Operator Hello, and welcome ...