17 February 2025
Lleida.net grows customer base by 36.15% in 2024
Madrid, 17 February – Spanish-listed company Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) increased its customer base by 36.15% in 2024.
By the end of the year, the company had 4,222 billed accounts, up from 3,101 in 2023. Under Lleida.net’s model, a single billed account can cover multiple users.
During the period, the company worked with clients in 61 countries, seven more than the 54 markets it operated in during 2023.
International business continued to gain momentum, with 54.62% of transactions in 2024 coming from outside Spain—a 7.38% year-on-year increase.
"2024 has reinforced Lleida.net’s position as a company increasingly driven by international growth," said Sisco Sapena, the company’s CEO and founder.
"As we explained last week during our latest investor call, it makes sense for us to continue strengthening our commercial efforts in the Eurozone and Latin America," he added.
The company issued 19,260 invoices over the year, with an average invoice of €989.56. In comparison, 17,691 invoices were issued in 2023, averaging €932.15 each.
By the end of 2024, Lleida.net had 356 billed accounts exceeding €5,000 each, 431 customers with annual billed accounts between €500 and €5,000, and 3,435 accounts with invoices below €500.
On 4 February, the company announced annual revenue of €19.05 million, €2.56 million more than in 2023.
Lleida.net reported an EBITDA of €3.26 million in 2024, compared to €84,000 the previous year—an annual increase of 3,792%.
The company returned to profitability with a net profit of €840,000, rebounding from a €2.72 million loss in 2023.
Founded in 1995, Lleida.net is a leading European provider of registered electronic notification, contracting, and signature solutions.
Its shares are listed on BME Growth in Madrid, Euronext Growth in Paris, OTC Markets in New York, and the Frankfurt and Stuttgart stock exchanges.
The company holds over 300 patents across 60+ countries worldwide, making it one of the most patent-rich firms in its field.