Lleida.net increases gross margin in the first quarter of 2023 and records an increase in its SaaS services
May 09 2023 - 11:04AM
Technology services company Lleida.net (BME:LLN) (EPA:ALLLN)
(OTCQX:LLEIF) increased its gross margin in the first quarter of
2023 by six percent over the same period last year, or EUR169,000.
In this first quarter, sales declined by 10 percent compared
with the first quarter of 2022, closing at €4.69 million.
This decline was mainly due to a drop in SMS consumption. The
Wholesale SMS market suffered a setback in the first quarter of
2023, with sales down 19 percent, while commercial SMS sales saw a
decline in sales of 25 percent.
The natural decline in the SMS market has been replaced by
growth in SaaS services.
Sales of Software as a Service line now represent 48% of
Lleida.net's total sales, up from 41% in 2022.
Within this period, the growth of the line known as Other SaaS
Products - which includes service licenses, as well as email,
timestamp, phone number and identity verification transactions -
stood out, increasing its weight in total sales by 31%.
International sales now account for 53 percent of total group
revenue, which has also seen a 15 percent increase in absolute
customer backlog compared to the same quarter in 2022, reaching
around 1,800.
EBITDA for the quarter stood at 389 thousand euros, remaining at
levels of the same period last year.
Sisco Sapena, CEO and founder of Lleida.net, explained that
"although the first quarter is always the weakest of each year, we
are satisfied with the increase in gross margin and the expansion
of our customer base. Despite the challenges in the SMS market, we
have managed to diversify our revenue sources and maintain
sustainable growth."
The group's financial debt decreased in the quarter by 183
thousand euros, derived from the repayment of loans that were made
thanks to cash from the group's own organic activity.
The company, founded in 1995 and listed on Euronext Growth in
Paris, BME Growth in Madrid and OTCQX in New York, has obtained
recognition in the form of 300 patents worldwide in more than 60
countries.
Pedrosa IR
ir@pedrosa.uk
Lleidanetworks Serveis T... (EU:ALLLN)
Historical Stock Chart
From Apr 2024 to May 2024
Lleidanetworks Serveis T... (EU:ALLLN)
Historical Stock Chart
From May 2023 to May 2024