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Zenvia Announces Agreements to Address Funding Gap and Introduces EBITDA Guidance for 2024
Prnewswire· 2024-02-06 14:15
SÃO PAULO, Feb. 6, 2024 /PRNewswire/ -- Zenvia Inc. (NASDAQ: ZENV), the leading cloud-based CX platform in Latin America, empowering companies to transform their customer journeys, today announced that it has entered into agreements with a group of stakeholders aimed at addressing its existing funding gap.These transactions include: (i)  agreements with banks for extension of short-term debt, in the total outstanding amount of approximately BRL 100 million (one hundred million Brazilian reais). Payment te ...
Zenvia (ZENV) - 2023 Q3 - Earnings Call Transcript
2023-11-17 17:45
Zenvia Inc. (NASDAQ:ZENV) Q3 2023 Earnings Conference Call November 17, 2023 10:00 AM ET Company Participants Cassio Bobsin - Founder and Chief Executive Officer Shay Chor - Chief Financial Officer and Investor Relations Officer Caio Figueiredo - Investor Relations Operator Good morning and thank you for standing by. Welcome to Zenvia’s Q3 2023 Earnings Conference Call. Today's speakers are Mr. Cassio Bobsin, Zenvia's Founder and CEO; and Mr. Shay Chor, CFO and Investor Relations Officer. Please be advised ...
Zenvia (ZENV) - 2023 Q3 - Quarterly Report
2023-11-16 16:00
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 Of The Securities Exchange Act Of 1934 For the month of November, 2023 Commission File Number: 333- Zenvia Inc. (Exact name of registrant as specified in its charter) Avenida Paulista, 2300, 18th Floor, Suites 182 and 184 São Paulo, São Paulo, 01310-300 Brazil (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will fi ...
Zenvia (ZENV) - 2023 Q2 - Earnings Call Transcript
2023-08-17 20:08
Shay Chor - Chief Financial Officer and Investor Relations Officer Lucas Chaves - UBS BB Now I would like to welcome one of our speakers for today, Mr. Cassio Bobsin, Founder and CEO. Sir, the floor is yours. We're making good progress integrating systems and platforms, allowing us to begin capitalizing on crossselling opportunities such as selling bundled packages of certain services, which is already showing positive early results. We're very excited by the ongoing evolution of our platform and its potent ...
Zenvia (ZENV) - 2023 Q2 - Quarterly Report
2023-08-16 16:00
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 Of The Securities Exchange Act Of 1934 For the month of August, 2023 Commission File Number: 333- Zenvia Inc. (Exact name of registrant as specified in its charter) Avenida Paulista, 2300, 18th Floor, Suites 182 and 184 São Paulo, São Paulo, 01310-300 Brazil (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file ...
Zenvia (ZENV) - 2023 Q1 - Earnings Call Transcript
2023-05-18 16:23
Financial Data and Key Metrics Changes - The company reported an EBITDA of BRL24 million in Q1 '23, compared to a negative BRL8 million in Q1 '22 and positive BRL23 million in the previous quarter, indicating a solid performance trend [58] - Total operating cash flow reached BRL95 million this quarter, attributed to better working capital management [3] - The company achieved a gross margin of 52% in Q1, reflecting a commitment to profitability, although it is expected that gross profit for the full year will not remain at the same level as Q1 [57] Business Line Data and Key Metrics Changes - The SaaS business generated BRL46.4 million in gross profit, a nearly 40% increase year-over-year, with a gross margin of 68%, up 4 percentage points compared to Q1 '22 [26] - The CPaaS business also saw a 38% increase in gross profit year-over-year, reaching a gross margin of 42%, up almost 19 percentage points [26] - SaaS services represented 38% of total revenue in terms of gross profit, with an annual recurring revenue of BRL59 million in Q1, which annualizes to almost BRL240 million [19] Market Data and Key Metrics Changes - The company experienced a 9% year-over-year drop in total revenues, attributed to a focus on a profitable CPaaS business, while the SaaS business continued to be a growth engine with a pro forma expansion of 32% when excluding the consulting business [38] - The competitive landscape in the CPaaS space has shifted, with less predatory pricing among competitors, allowing for better margins [44] Company Strategy and Development Direction - The company is focused on transforming into a full SaaS company and is advancing the integration of acquired companies to capture synergies [22] - Future strategies include leveraging generative AI, particularly through the integration of ChatGPT, to enhance customer experience and operational efficiency [36][40] - The management emphasized a balance between revenue growth and profitability, projecting a decline in gross margins as volumes increase [5] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EBITDA guidance for '23 of BRL70 million to BRL90 million, despite a challenging macroeconomic environment [29] - The company is actively managing its funding gap and exploring various options, including debt and equity, to address financial needs [21][64] - There is an expectation for improved performance in the CPaaS business in the second half of the year, driven by better pipeline performance [45] Other Important Information - The company recorded a 9.5% reduction in G&A expenses compared to Q1 '22, reaching just over BRL31 million [41] - The average financing cost for working capital transactions is about 12% per year, which is significantly lower than bank loans [51] Q&A Session Summary Question: How is the company addressing the funding gap? - Management acknowledged the ongoing funding gap and is working on solutions, including negotiating better terms with suppliers and exploring various financing options [21][64] Question: What is the expected impact of AI investments on margins? - Management indicated that while AI investments are expected to enhance productivity, it is too early to measure their impact on margins [49] Question: Can you elaborate on the competitive dynamics in the CPaaS space? - Management noted a reduction in predatory competition, which has allowed for better margins and profitability [44] Question: What is the outlook for the SaaS business growth? - The company expects continued growth in the SaaS business, with a focus on improving sales cycles and pipeline performance [45][50]
Zenvia (ZENV) - 2023 Q1 - Quarterly Report
2023-05-17 16:00
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 333- (Translation of registrant's name into English) Avenida Paulista, 2300, 18th Floor, Suites 182 and 184 São Paulo, São Paulo, 01310-300 Brazil (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under ...
Zenvia (ZENV) - 2022 Q4 - Annual Report
2023-04-27 16:00
As filed with the Securities and Exchange Commission on April 28, 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 COMPANY REPORT PURSUAN ...
Zenvia (ZENV) - 2022 Q4 - Earnings Call Transcript
2023-04-05 17:39
Zenvia Inc. (NASDAQ:ZENV) Q4 2022 Earnings Conference Call April 5, 2023 10:00 AM ET Company Participants Cassio Bobsin - Founder and Chief Executive Officer Shay Chor - Chief Financial Officer and Investor Relations Officer Caio Figueiredo - Investor Relations Conference Call Participants Gabriela Moraes - Itau BBA Operator Good morning and thank you for standing by. Welcome to Zenvia's Q4 2022 and Full Year Earnings Conference Call. Today's speakers are Mr. Cassio Bobsin, Zenvia's Founder and CEO; and Sha ...
Zenvia (ZENV) - 2022 Q3 - Earnings Call Transcript
2022-11-17 18:14
Zenvia Inc. (NASDAQ:ZENV) Q3 2022 Earnings Conference Call November 17, 2022 10:00 AM ET Company Participants Cassio Bobsin - Founder and CEO Shay Chor - CFO Conference Call Participants Lucas Chaves - UBS Vitor Tomita - Goldman Sachs Operator Good morning, and thank you for standing by. Welcome to Zenvia's Q3 2022 Earnings Conference Call. Today's speakers are Mr. Shay Chor, Zenvia's Founder and CEO; and Shay Chor, CFO and Investor Relations Officer. Please be advised that today's conference is being recor ...