Zenvia Reports Q1 2024 Results with BRL 23.5M EBITDA

TL;DR

Zenvia's Q1 2024 EBITDA hits BRL 23.5M thanks to tight cost controls.

AI Summary

Zenvia Inc. reported its first quarter 2024 results, with a Normalized EBITDA of BRL 23.5 million, driven by strict cost control measures. The company is focused on improving profitability and operational efficiency. This filing covers the period ending March 31, 2024.

Why It Matters

The report highlights Zenvia's focus on cost control and profitability, which could signal a shift towards more sustainable financial performance for the company.

Risk Assessment

Risk Level: medium — The company is reporting financial results, which inherently carry market and operational risks, but no major negative events are detailed in this specific filing.

Key Numbers

• BRL 23.5 million — Normalized EBITDA (Achieved in Q1 2024 due to strict cost control.)

Key Players & Entities

• Zenvia Inc. (company) — Registrant
• BRL 23.5 million (dollar_amount) — Normalized EBITDA for Q1 2024
• March 31, 2024 (date) — Reporting period end date

FAQ

Key Financial Figures

• $10.1 m — d EBITDA included earn-out expenses of R$10.1 million, related to the last renegotiatio
• $23.5 m — the earn-out expenses impact, totaled R$23.5 million, up 200.2% YoY. 3 Earnings Rele
• $930 — idance FY 2024 Guidance Revenue BRL$930 - $970 million Y/Y Growth 15% - 20%
• $970 million — FY 2024 Guidance Revenue BRL$930 - $970 million Y/Y Growth 15% - 20% Non-GAAP Adju
• $120 — rgin 42% - 45% Normalized EBITDA BRL$120 - $140 million Conference Call In t
• $140 million — 2% - 45% Normalized EBITDA BRL$120 - $140 million Conference Call In the following we

Filing Documents

• zenvpr1q24_6k.htm (6-K) — 137KB
• zenvpr1q246k_001.jpg (GRAPHIC) — 8KB
• 0001292814-24-002737.txt ( ) — 149KB

Forward-Looking Statements

Forward-Looking Statements The preliminary fourth quarter and full year operating results set forth above are based solely on currently available information, which is subject to change. These preliminary operating results constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking control. Zenvia's actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: our ability to innovate and respond to technological advances, changing market needs and customer demands, our ability to successfully acquire new businesses as customers, acquire customers in new industry verticals and appropriately manage international expansion, substantial and increasing competition in our market, compliance with applicable regulatory and legislative developments and regulations, the dependence of our business on our relationship with certain service providers, among other factors. 4 Earnings Release | Q1 2024

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA The following selected financial information are preliminary, unaudited and are based on management's initial review of operations for the first quarter of 2024. INCOME STATEMENT Q1 2024 2023 Variation (non-audited) (restated) (in thousands of R$) (%) Revenue 212,636 179,047 18.8% Cost of services (131,779) (100,098) 31.6% Gross profit 80,857 78,949 2.4% Selling and marketing expenses (27,359) (27,442) -0.3% General and Administrative expenses (31,270) (31,447) -0.6% Research and development expenses (14,796) (14,004) 5.7% Allowance for expected credit losses (5,431) (18,269) -70.3% Other income and expenses, net (11,353) (83) n.m. Operating loss (9,352) (12,296) -23.9% Financial expenses (65,487) (18,724) 249.7% Finance income 5,283 2,625 101.3% Financial expenses, net (60,204) (16,099) 274.0% Loss before taxes (69,556) (28,395) 145.0% Deferred income tax and social contribution 16,083 11,846 35.8% Current income tax and social contribution (2,420) (218) 1010.1% Loss for the period (55,893) (16,767) 233.4% Loss for the period attributable to Owners of the Company (56,011) (16,839) 232.6% Non-controlling interests 118 72 63.9% 5 Earnings Release | Q1 2024 BALANCE SHEET 31-Dec-23 31-Mar-24 (audited) (non-audited) Assets Current assets 250,331 294,438 Cash and cash equivalents 63,742 71,525 Trade and other receivables 148,784 171,905 Tax assets 28,058 34,983 Prepayments 5,571 9,063 Other assets 4,176 6,962 Non-current assets 1,461,233 1,469,158 Restricted Cash 6,403 6,578 Tax assets - 12 Prepayments 1,109 865 Financial Investment - - Property, plant and equipment 14,413 14,518 Intangible assets and goodwill 1,347,327 1,339,121 Deferred Tax Assets 91,971 108,054 Other Assets 10 10 Total assets 1,711,564 1,763,596 31-Dec-23 31-Mar-24 (audited) (non-audited) Lia

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Date: July 15, 2024 Zenvia Inc. By: /s/ Cassio Bobsin Name: Cassio Bobsin Title: Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR