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Stock impact report

VTEX Reports First Quarter 2024 Financial Results

VTEX Class A Common Shares (VTEX) 
Company Research Source: Business Wire
GMV and total revenue YoY growth reached 22% and 25%, respectivelyGross profit increased by 37% YoY, representing a margin expansion of 641 bpsNon-GAAP operating income and free cash flow margins reached 6% and 4% NEW YORK--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the composable and complete commerce platform for premier brands and retailers, today announced results for the first quarter of 2024 ended March 31, 2024. VTEX results have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) IAS 34 Interim Financial Reporting.Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, “Our product launches are revolutionizing commerce for IT and business teams to deliver sustainable growth with attractive ROI. By creating new revenue streams, we are extending the runway for long-term growth while continuing to deliver meaningful operational leverage and margin improvements. We are e Show less Read more
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