September 29, 2022

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Locaweb (LWSA3) Records a Loss of R$7.2 Million in Q421 – Money Times

Locaweb (LWSA3) posted a R$7.2 million loss in the fourth quarter of 2021 (Photo: Facebook/Locaweb)

The Lookup (LWSA3) registered Loss R$7.2 million in the fourth quarter of 2021, compared to net income of R$9 million in the same period in 2020, the company said on Wednesday (23).

According to the company, the loss occurs in cost increase. The cost of services provided amounted to R$137.8 million, an increase of 73% year-on-year. Selling expenses jumped 128.1% to R$55.1 million.

a Adjusted EBITDAWhich measures the operating result, amounted to 31.6 million Brazilian reals, a decrease of 13.2%. The EBITDA margin Adjusted income showed a decrease of 13.1 points in the same period.

“The decline is due to the consolidation of the results of the acquired companies, in particular Squid, which have a lower EBITDA margin than those provided in the group,” the company said.

The Net revenue R$ 245.9 million, a growth of 75.4%.

The share of the commerce segment, which takes into account revenue from Tray, Tray Corp, Melhor Envio, Vindi, Ideris, Samurai, Dooca, Credisfera, Bling, Bagy, Octadesk and Squid, increased from 33.2% in Q4-20 to 57.4% in fourth quarter of the year 21.”, says the company.

The flowing cash It amounted to 12.1 million reais, a decrease of 45.2%.

The net debt Its total value reached R$1.5 billion, an increase of 354.9% compared to R$344.2 million in the fourth quarter of last year.

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