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 ...

H Mart has successfully migrated from a legacy commerce platform to VTEX, launching two new online stores. H Mart consolidated their previously separate systems for dry and fresh goods into a unified commerce experience with VTEX. The new platform migration, completed in just seven months, allows customers to order both shelf stable and fresh products in the same cart, while also leveraging store inventory to provide real-time availability information and facilitate efficient picking and packing. VML, a lea ...

VTEX (NYSE:VTEX) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Julia Vater Fernandez - Investor Relations Director Geraldo do Carmo Thomaz Junior - Founder and Co-Chief Executive Officer Ricardo Camatta Sodre - Chief Financial Officer Mariano Gomide de Faria - Founder and Co-Chief Executive Officer Conference Call Participants Thiago Kapulskis - Banco Itau BBA Maddie Schrage - KeyBanc Capital Markets Luca Brendon - Bank of America Operator Thank you for standing by and welcome ...

VTEX (NYSE:VTEX) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Julia Vater Fernandez - Investor Relations Director Geraldo Thomaz Jr. - Founder & Co-Chief Executive Officer Ricardo Camatta Sodré - Chief Financial Officer Conference Call Participants Leonardo Olmos - UBS Marcelo Santos - JPMorgan Clarke Jeffries - Piper Sandler Maddie Schrage - KeyBank Capital Markets Operator Good afternoon. My name is Audra and I will be your conference operator today. At this time, I w ...