Core Viewpoint - Zenvia Inc. reported strong financial performance in Q2 2024, with significant revenue growth driven by both SaaS and CPaaS segments, alongside effective cost control measures leading to improved profitability metrics [1][2][3]. Financial Performance - Revenues for Q2 2024 reached BRL 231.2 million, a 19.8% increase from BRL 192.9 million in Q2 2023, driven by SaaS growth of 15.6% and CPaaS growth of 22.1% [3][14]. - Non-GAAP Adjusted Gross Profit for Q2 2024 was BRL 100.2 million, up 20.4% YoY, with a stable Non-GAAP Adjusted Gross Margin of 43.3% [15][31]. - Normalized EBITDA for Q2 2024 was BRL 33.7 million, reflecting a 126.1% increase from Q2 2023, while H1 2024 Normalized EBITDA reached BRL 56.8 million, up 150.0% YoY [1][17]. Cost Management - General and administrative expenses as a percentage of revenues decreased to 14.5% in H1 2024 from 18.5% in H1 2023, indicating strict cost control [1][2]. - G&A expenses were reduced by more than 10% YoY in Q2 2024, positively impacting EBITDA [2][15]. Customer Metrics - The total number of active customers decreased to 11,849, down 19.6% YoY, due to a client-base cleanup and the rollout of Zenvia Customer Cloud [4][13]. - The migration to Zenvia Customer Cloud has begun, with healthy levels of recurring revenue and churn observed [4][14]. Product Innovations - The soft launch of Zenvia Customer Cloud has been met with enthusiasm, and the company introduced a Generative AI Chatbot solution, resulting in 99 chatbots developed within two months across eight sectors in Latin America [2][4]. Guidance - The company reiterated its FY 2024 guidance, projecting revenues between BRL 930 million and BRL 970 million, with a year-over-year growth of 15% to 20% and Normalized EBITDA expected between BRL 120 million and BRL 140 million [18].
ZENVIA Reports Q2 2024 and H1 2024 Results