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Nuvini Reports FY24 Net Operating Revenue R$193.3 Million Up From R$169 Million YoY
Benzinga·05/01/2025 12:10:13
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2024 Key Financial & Operational Highlights:
- Record Net Operating Revenue of R$193.3 million, an increase of R$24.3 million, or 14.4%, compared to R$169.0 million for 2023, driven mainly by an increase in SaaS subscription revenue, increased customer retention and a growing client base.
- Continued improvement in Gross Profit and Margin of R$122.5 million and 63.4% compared to $102.8 million and 60.8% for 2023.
- Delivered the Company's first Operating Profit of R$16.5 million, a sizeable improvement compared to a loss of R$(189.2) million during 2023.
- Significantly Increased Adjusted EBITDA by R$13.1 million to R$57.4 million or 30% when compared to R$44.3 million during 2023.
- Adjusted Free Cash Flow of R$22.5 million, an increase of R$31.9 million when compared to 2023.
- Cash & Equivalents of R$18.0 million at year end compared to R$11.4 million at the end of 2023.
- Improved churn of (2.9)% when compared to (3.3)% during 2023, marking improved client satisfaction and performance in relation to competition.
- Recorded Client Lifetime Value ("LTV") / Client Acquisition Cost ("CAC"): of 6x for the full year of 2024, an improvement compared to 4x for 2023.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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