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Lleidanetworks Serveis reports developments tied to Lleida.net, a Spanish technology services company focused on certified electronic notification, electronic contracting, digital signature services and SMS communications. Recurring updates cover financial results, margins, net debt, customer and contract activity, and performance by business lines such as Notification, Contracting, Commercial SMS, SMS Wholesale and other SaaS services.
Company news also includes patent grants for certified email and electronic-notice methods, legal recognition of certified communications in Spanish judicial procedures, and the use of its technologies under the eIDAS trust-services framework and Spain's digital justice requirements.
Lleida.net reported strong financial performance in H1 2024 with sales reaching 9.57 million euros, marking a 10% increase from 2023. The company achieved EBITDA of 1.38 million euros, showing a remarkable 476% improvement compared to H1 2023. The ICX Wholesale line contributed 38% of total revenues, while registered electronic notification services accounted for 11%. The company's Recovery Plan implementation, including a 26% workforce reduction, has yielded positive results with reduced personnel expenses by 16% and savings of 478,000 euros in external services. The SMS Solutions line in Spain showed growth with increased sales of 101,000 euros.
Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) has successfully closed its 'Lleida.net 2024 Private Purchase Plan', launched by CEO Sisco Sapena. The plan covered 200,000 shares at €1.145 each, totaling €226,356. Shareholders received one share and four call options exercisable over two years at the same price. Sapena remains the largest shareholder with 34.64% control.
In H1 2024, Lleida.net reported sales of €9.57 million, up 10% from H1 2023. The company's EBITDA reached €1.43 million, a 458% increase year-over-year. These improvements are attributed to structural changes implemented in late 2023 and early 2024. Lleida.net, listed since 2015, is present on BME Growth, Euronext Growth, OTC Markets, and Frankfurt. The company has over 300 patents in 60 countries for its electronic signature and notification innovations.
Lleida.net (OTCQX: LLEIF) CEO Sisco Sapena has launched an Off-Market Share Sale Plan to reward employees, partners, and shareholders following positive results in the last three quarters. The plan, called Plan Lleida.net 2024, aims to consolidate market confidence and continues the Restructuring Plan announced in December 2023.
Key points:
- to 100,000-200,000 shares, effective September 3-23, 2024
- Investors and employees can purchase shares at €1.145 per share
- Four purchase rights offered for each share bought
- Options exercisable based on share price performance until September 2, 2026
Lleida.net reported strong H1 2024 results with sales of €9.57 million (+10% YoY) and EBITDA of €1.43 million (+458% YoY).
Lleida.net, a technological services company, reported sales of 9.57 million euros in the first half of 2024, a 10% increase from the same period in 2023. The company's EBITDA surged by 458% to 1.43 million euros, while operating income reached 391,000 euros, a 146% improvement. Key highlights include:
- ICX Solutions business line grew by 28%
- Commercial SMS line increased
- Certified electronic notification sales rose 17% to 1.032 million euros
- Net Financial Debt reduced by 13% to 8.4 million euros
These results reflect the success of Lleida.net's Comprehensive Recovery Plan implemented in late 2023. The company, listed on multiple stock exchanges, has received over 300 patents in 60 countries for its innovations in certified electronic services.
Lleida.net (OTCQX: LLEIF) has secured a three-year contract renewal with Peru's Financiera Confianza, extending their partnership until 2027. Financiera Confianza, a key financial player in Peru, will continue utilizing Lleida.net's technology for trading processes and client notifications. Lleida.net, present in Peru for a decade with a team in Lima, is renowned for its services in notification, contracting, and certified electronic signatures both in Europe and Latin America. The company holds 310 patents across over 60 countries and is listed on five stock exchanges, including OTC in New York and Euronext Growth in Paris. Financiera Confianza, part of the BBVA Microfinance Foundation, supports vulnerable people with financial services, having delivered over US$19.2 billion in loans to date.
Lleida.net (OTCQX:LLEIF) reported sales of 7.93 million euros for the first five months of 2024, marking a 9% increase from the 7.24 million euros recorded in the same period in 2023. The company's gross margin reached 4.22 million euros, slightly higher than the previous year. EBITDA surged to 1.165 million euros, a significant 396% increase from 235,000 euros in the first five months of 2023. Operating profit rose by 148% to 296,000 euros, and the company posted a profit before tax of 198,000 euros, reversing a 666,000 euro loss from last year. These improvements are attributed to the company's Integral Recovery Plan, which included staff and subsidiary cuts. Notably, certified electronic notification sales grew by 24% to 869,000 euros, and SMS Wholesale sales increased by 25% to over three million euros. The company aims to return to positive cash flow and profitability.
On June 18th, Lleida.net (BME:LLN, EPA:ALLLN, OTCQX:LLEIF) announced a 720,000-euro contract with Bosch Telematic Services spanning three years. Under the contract, Lleida.net will provide Certified Electronic Contracting and Notification services, facilitating online contracting and legally valid certified communications. CEO Sisco Sapena emphasized the contract as a testament to their market leadership. Lleida.net boasts 310 patents in over 60 countries and focuses on intellectual property and R&D for growth. Listed on multiple international exchanges, the company continues to enhance its global presence.
Revenues at Lleida.net (OTCQX:LLEIF) rose 7% in the first four months of 2024, reaching €6.3 million, compared to €5.88 million in the same period of 2023. EBITDA increased by 170% to €888,000, while operating profit turned positive with a difference of €564,000. The pre-tax profit improved by 129%. The SMS Wholesale segment saw a 21% increase in sales, reaching €2.43 million, while Notification services grew by 20% to €700,000. Recruitment services rose 10% to €1.10 million, and Commercial SMS remained stable at €1.05 million. However, SAAS sales declined by 18% to €1.02 million. The company's customer base grew by 7.30% to 1,925.
Lleida.net's share price rose from €0.80 in January 2024 to over €1.20 currently. A comprehensive Restructuring Plan launched in December 2023 aimed to return the company to profitability. The company has 310 patents in over 60 countries and was first listed in 2015.
Lleida.net has obtained its eighth patent in the United States for a new electronic contracting method. The patent allows the company exclusive rights to market the new method of signing contracts in the USA, with enhanced data encryption to prevent internal leakage. With a total of 8 patents in the country, Lleida.net aims to expand its international client base, focusing on growth through intellectual property, R&D, and internationalization.
Lleida.net, a Spanish listed company, achieved a record number of customers in the first quarter of 2024, with a 7.30% increase compared to the previous year. The company also reported a 71% rise in EBITDA to €666,000, attributing the growth to cost reduction efforts and international expansion. Lleida.net focuses on certified electronic signature services and has accumulated 309 patents in over 60 countries.