9 August 2023
Lleida.net Reports Decrease in Sales for the First Half of 2023
Madrid, 9 August - The Spanish listed company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) has experienced a 17% reduction in sales during the first half of 2023, compared to the same period in the previous year.
This decline in revenue is a direct consequence of a significant reduction in the use of SMS services and the suspension of service to 4-72, the postal services company of Colombia, due to payment issues.
Despite these challenges, the gross margin on sales stands at 58%, showing an improvement compared to the 50% recorded in the first half of 2022.
Overall, sales for the semester decreased by 1.8 million euros, a setback caused by the decline in sales of Registered SMS, which dropped to 1.5 million euros.
Total sales for the semester reached 8.73 million euros, while sales for the year’s second quarter amounted to 4.04 million euros.
During the first six months of the year, the lines of electronic contracting and the so-called Other SaaS Services, which include service licences and all email verification transactions, time stamps, phone numbers, and identity verification, stood out with an increase of 18%, totalling 1.7 million euros for the semester.
The quarter recorded a negative EBITDA, although the company has implemented a plan to reduce expenses in external services and the average workforce of the group. Despite this scenario, the group has secured new financing to continue investing in R&D.
Lleida.net was founded in 1995 and is a registered electronic signature, notification, and contracting industry leader. It debuted on the Madrid Stock Exchange in 2015 and is currently listed on BME Growth. It later performed a dual listing on Euronext Growth Paris in 2018 and the OTC Markets of New York in 2020.
The company has obtained over 300 patents in more than 60 countries worldwide, thanks to its technological innovations in its industry. It holds one of the largest intellectual property portfolios in its market.