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Stock impact report

VTEX Reports Fourth Quarter 2023 Financial Results

VTEX Class A Common Shares (VTEX) 
Company Research Source: Business Wire
Total revenue reached US$60.7 million, increasing 34% in USD and 25% in FXN YoYGross profit grew 45% in USD and 33% in FXN YoY, reaching 74% margin, a 6p.p. increase YoYNon-GAAP income from operations and free cash flow reached 19% and 16% margin, respectively NEW YORK--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the global enterprise digital commerce platform, today announced results for the fourth quarter of 2023 ended December 31, 2023. VTEX results have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) and interpretations issued by the IFRS Accounting Standards Interpretations Committee (“IFRS Accounting Standards IC”) applicable to companies reporting under IFRS Accounting Standards.Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, “In 2023, we consistently surpassed expectations quarter after quarter, navigating an uncertain economic landscape. Our operational a Show less Read more
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