9 May 2023
Lleida.net increases gross margin in the first quarter of 2023 and records an increase in its SaaS services
Madrid, April 9 - Technology services company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) increased its gross margin in the first quarter of 2023 by six per cent over the same period last year, or EUR169,000.
In this first quarter, sales declined by 10 per cent compared with the first quarter of 2022, closing at €4.69 million.
This decline was mainly due to a decline in SMS consumption. The Wholesale SMS market suffered a setback in the first quarter of 2023, with sales down 19 per cent, while commercial SMS sales saw a decline in sales of 25 per cent.
The natural decline in the SMS market has been replaced by growth in SaaS services.