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LWSA Slashes Q4 Losses By 61%, Achieves Profitable 2024
(MENAFN- The Rio Times) LWSA (LWSA3), formerly known as Locaweb, announced a significant reduction in quarterly losses while posting a full-year profit. The company reported these results ahead of its earnings call scheduled for today.
The technology services provider posted a Q4 2024 net loss of R$17.5 million ($2,917), representing a 61.2% improvement compared to the same period in 2023.
LWSA achieved adjusted net profit of R$42.9 million ($7,150) during the quarter, exceeding market expectations despite being 19% lower than the previous year.
EBITDA reached R$63.6 million ($10,600), growing 2.1% year-over-year, while adjusted EBITDA climbed to R$81.3 million ($13,550), showing a robust 19% increase. Both figures surpassed analyst forecasts.
Net revenue grew 4.8% to R$364.1 million ($60,683) compared to Q4 2023. For the full year 2024, LWSA successfully reversed its financial trajectory.
The company reported a net profit of R$42.2 million ($7,033), compared to a net loss of R$73.7 million in 2023. Annual EBITDA totaled R$244.2 million ($40,700), marking a 19.4% increase from the previous year.
Revenue Growth and Market Position Enhancement
Total revenue for 2024 reached R$1.370 billion ($228,333), growing 6% from 2023. The company's Commerce segment drove much of this growth with strong performance throughout the year.
LWSA has strengthened its market position within Brazil's rapidly expanding e-commerce sector. The Brazilian e-commerce market continues to show strong momentum, with forecasts predicting growth to USD 87.6 billion by 2028.
The company's improved performance follows strong Q3 results when LWSA posted a 336.4% increase in net profit compared to the same period in 2023. The company also distributed dividends of R$40 million in November 2024.
LWSA operates in an increasingly competitive digital services landscape where mobile commerce adoption continues to accelerate across Brazil. Rising internet penetration and smartphone usage create favorable conditions for the company's growth strategy.
The teleconference with investors and analysts takes place today at 10:00 AM (Brasília time).
The technology services provider posted a Q4 2024 net loss of R$17.5 million ($2,917), representing a 61.2% improvement compared to the same period in 2023.
LWSA achieved adjusted net profit of R$42.9 million ($7,150) during the quarter, exceeding market expectations despite being 19% lower than the previous year.
EBITDA reached R$63.6 million ($10,600), growing 2.1% year-over-year, while adjusted EBITDA climbed to R$81.3 million ($13,550), showing a robust 19% increase. Both figures surpassed analyst forecasts.
Net revenue grew 4.8% to R$364.1 million ($60,683) compared to Q4 2023. For the full year 2024, LWSA successfully reversed its financial trajectory.
The company reported a net profit of R$42.2 million ($7,033), compared to a net loss of R$73.7 million in 2023. Annual EBITDA totaled R$244.2 million ($40,700), marking a 19.4% increase from the previous year.
Revenue Growth and Market Position Enhancement
Total revenue for 2024 reached R$1.370 billion ($228,333), growing 6% from 2023. The company's Commerce segment drove much of this growth with strong performance throughout the year.
LWSA has strengthened its market position within Brazil's rapidly expanding e-commerce sector. The Brazilian e-commerce market continues to show strong momentum, with forecasts predicting growth to USD 87.6 billion by 2028.
The company's improved performance follows strong Q3 results when LWSA posted a 336.4% increase in net profit compared to the same period in 2023. The company also distributed dividends of R$40 million in November 2024.
LWSA operates in an increasingly competitive digital services landscape where mobile commerce adoption continues to accelerate across Brazil. Rising internet penetration and smartphone usage create favorable conditions for the company's growth strategy.
The teleconference with investors and analysts takes place today at 10:00 AM (Brasília time).
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