Lleidanetworks Stock Price, News & Analysis

Lleida.net (OTCQX: LLEIF) has signed an exclusive distribution agreement with eGate Egypt to distribute its services in Egypt. This partnership aims to enhance digital transformation for businesses in the region by providing registered electronic communication, signature, and contracting services. With over 101 million residents and extensive mobile connectivity, Egypt presents a significant market opportunity. Lleida.net's pay-per-use model simplifies access to its patented services, further strengthening its position in the African market.

Lleida.net has become the first private entity recognized as a UAE Pass Service Provider, facilitating digital signatures and contracts for UAE citizens and residents. This partnership with the Smart Dubai City Office integrates Lleida.net's eSignature and eContracting services with the UAE's national digital identity program, UAE Pass. The agreement promotes the mass adoption of digital solutions for official documents and is bolstered by Lleida.net's established presence in the Middle East through subsidiaries in Dubai.

Lleida.net reported a remarkable 475% increase in earnings for Q1 2021 compared to the prior year. The company achieved a turnover of €3.98 million and an EBITDA of €620,000, reflecting a 46% year-over-year growth. Driven by its SaaS products, sales surpassed €1.5 million. The company anticipates SaaS revenues to exceed 50% of total income this year. With a net financial debt below cash flow and €5.6 million available, Lleida.net is well-positioned for future growth, including a planned 25% dividend increase.

Lleida.net (OTCQX: LLEIF) reported a remarkable growth of its SaaS services, increasing by up to 500% over two years due to new global contracts and shifts in digital behavior caused by COVID-19. In 2020, SaaS revenues reached EUR 5.69 million, with predictions that it will constitute over 50% of total revenue in 2021. Notably, the Click&Sign API recorded a 64.85% rise in usage in Q1 2021 compared to Q1 2020. Additionally, registered emails and SMS traffic surged by 121.65% and 86.09%, respectively, showing strong demand primarily from the insurance sector across Europe and Latin America.

Lleida.net (LLEIF) has been included in the Euronext Tech Croissance index, recognizing its status as a leader in the certified electronic signature industry. This inclusion comes just over two years after its Paris listing, where its share price has increased by approximately 500% in the last year. Furthermore, the company's board approved a 25% increase in dividend payout and initiated a new treasury stock plan. With over 203 patents and legal recognition in more than 75 countries, Lleida.net continues to strengthen its position in the market.

The Board of Directors of Lleida.net (OTCQX:LLEIF) has announced a proposed dividend increase of 25% from the previous year, offering €0.0125 net per share, subject to approval at the upcoming AGM. CEO Sisco Sapena highlighted 2020 as a pivotal year, achieving record results and strong stock performance. The company's registered electronic signature services saw significant demand, and Lleida.net expanded globally, securing exclusive service contracts in Dubai, South Africa, and Portugal. With 203 patents worldwide, the company is well-positioned in its market.

Spanish public health companies Asepeyo and Unión de Mutuas have awarded contracts to Lleida.net (OTCQX:LLEIF) for electronic communication services. This move highlights the increasing adoption of digital notification methods by public administrations. Lleida.net is now the official provider of registered electronic communications for various global public entities. The company boasts a market cap of around eighty million euros and holds over 203 patents in e-contracting and notification, reinforcing its position as a leader in the industry.

Lleida.net, a Spanish OTCQX-listed company, has been granted its sixth patent by the United States Patent and Trademark Office for its electronic notification method EIDAS. This patent is crucial for electronic communication within the European market, valid for 20 years. The company holds 203 patents globally, including five from the US. Lleida.net reported record sales of over 19.57 million USD in 2020, a 20% increase from 2019, driven by a 59% growth in its SaaS line. The company's stock surged 940% in 2020, reflecting strong market performance.

Lleida.net has been granted its fifth patent in China, valid for 20 years, to certify electronic mail with a trusted digital signature via a telecommunications operator. This brings the company's total to 202 patents across 64 countries. CEO Sisco Sapena noted the significance of China's recognition of their R&D efforts. Lleida.net's patents cover a potential market exceeding 3.37 billion people. The company is expanding its reach with a new subsidiary in Dubai targeting the Middle East and Africa. Lleida.net trades on OTCQX Best Market since November 2020, with a remarkable 940% share price increase in 2020.