Zenvia Inc. Reports Strong Q3 & 9M 2024 Growth

TL;DR

Zenvia crushed Q3/9M '24 with double-digit growth across the board.

AI Summary

Zenvia Inc. reported its Q3 and 9M 2024 results, highlighting double-digit growth in both revenue and profit. The company's principal executive office is located at Avenida Paulista, 2300, 18th Floor, Suites 182 and 184, São Paulo, Brazil. This report was filed on November 19, 2024.

Why It Matters

The report indicates positive financial performance for Zenvia Inc., suggesting potential growth and stability for investors.

Risk Assessment

Risk Level: low — This is a routine financial results filing with no immediate negative indicators.

Key Numbers

• Q3 2024 — Quarterly Results (Reported with double-digit growth)
• 9M 2024 — Year-to-Date Results (Reported with double-digit growth)

Key Players & Entities

• Zenvia Inc. (company) — Registrant
• Avenida Paulista, 2300, 18th Floor, Suites 182 and 184, São Paulo, São Paulo, 01310-300 Brazil (location) — Principal executive office address
• November 19, 2024 (date) — Filing date
• 20240930 (date) — Conformed period of report

FAQ

Key Financial Figures

• $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 The
• $140 million — 2% - 45% Normalized EBITDA BRL$120 - $140 million Conference Call The Company’s

Filing Documents

• zenvpr3q24_6k.htm (6-K) — 239KB
• zenvpr3q246k_001.jpg (GRAPHIC) — 6KB
• 0001292814-24-004265.txt ( ) — 249KB

Forward-Looking Statements

Forward-Looking Statements The preliminary quarter and year-to-date 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. 5 Earnings Release | Q3 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 third quarter of 2024. Income Statement Q3 9M 2024 2023 Variation 2024 2023 Variation (non-audited) (restated) (non-audited) (restated) (in thousands of R$) (%) (in thousands of R$) (%) Revenue 284,449 218,597 30.1% 728,244 590,563 23.3% Cost of services -194,639 -147,662 31.8% -470,042 -370,293 26.9% Gross profit 89,810 70,935 26.6% 258,202 220,270 17.2% Selling and marketing expenses -28,075 -29,252 -4.0% -81,435 -81,501 -0.1% General and administrative expenses -30,602 -29,696 3.1% -95,165 -98,491 -3.4% Research and development expenses -12,514 -14,898 -16.0% -41,381 -40,011 3.4% Allowance for expected credit losses -4,559 -2,654 71.8% -11,454 -24,631 -53.5% Other income and expenses, net 3,812 -1,237 -408.2% -10,594 -1,773 497.5% Operating gain (loss) 17,872 -6,802 -362.7% 18,173 -26,137 -169.5% Financial expenses -32,649 -19,885 64.2% -137,782 -55,734 147.2% Finance income 62,962 8,520 639.0% 70,434 15,132 365.5% Financial expenses, net 30,313 -11,365 -366.7% -67,348 -40,602 65.9% Income/Loss before taxes 48,185 -18,167 -365.2% -49,175 -66,739 -26.3% Deferred income tax and social contribution 7,335 7,323 0.2% 37,429 26,962 38.8% Current income tax and social contribution -3,071 -1,013 203.2% -7,998 -4,019 99.0% Income/Loss for the period 52,449 -11,857 -542.3% -19,744 -43,796 -54.9% Income/Loss attributable to Company Owners 52,621 -11,943 -540.6% -19,798 -44,008 -55.0% Non-controlling interests 172 -86 -300.0% -54 -212 -74.5% 6 Earnings Release | Q3 2024 Balance Sheet December 31, 2023 (audited) September 30, 2024 (non-audited) (in thousands of reais) Assets Current assets 250,331 342,601 Ca

SIGNATURES

SIGNATURES Pursuant to the requiremen

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View this 6-K filing on SEC EDGAR