Semantix, a leading data platform provider, reported record net revenue of R$81 million for Q3 2022, a 7% increase year-over-year, driven by a 16% growth in proprietary SaaS revenue. Gross profit surged 39%, improving gross margin to 48%. Adjusted EBITDA loss narrowed to R$7 million due to increased investments in talent and marketing. Cash reserves stood at R$532 million post-business combination with Alpha Capital. The company anticipates total net revenues for 2022 to be between R$262 million and R$270 million, reflecting strong demand forecasted for the year's second half.
Semantix (NASDAQ: STIX) has authorized a $5 million share repurchase program over the next year, aiming to enhance shareholder value. The repurchases can occur through open market purchases or privately negotiated transactions, adhering to legal and market conditions. The exact timing and amount will depend on various factors such as stock price and market conditions. Semantix serves over 300 clients across approximately 15 countries in Latin America, providing integrated data solutions.
Semantix, Inc. (NASDAQ: STIX), Latin America's leading integrated data platform, will release its third-quarter 2022 financial results on November 29, 2022, after U.S. market close. A conference call to discuss these results will take place on November 30, 2022, at 8:30 a.m. Eastern Time. The call will be accessible via webcast on Semantix's Investor Relations website. Established in 2010, Semantix serves over 300 clients across 15 countries, utilizing its software to enhance business operations.
Semantix, a leading Latin American data platform provider, reported its financial results for the six months ended June 30, 2022. Key highlights include a 25% year-over-year growth in Proprietary SaaS revenue and a net revenue of R$86 million, down 10% from last year. Adjusted EBITDA loss increased to R$36 million due to heightened investments in headcount and sales efforts. Following its merger with Alpha Capital, Semantix raised US$127 million for future growth. The company expects total net revenues for 2022 to range between R$262 million and R$290 million.
Semantix (NASDAQ: STIX) has announced the acquisition of Zetta Health Analytics, a Brazilian health tech company specializing in data analytics. This strategic move aims to enhance Semantix’s capabilities in serving healthcare clients through proprietary SaaS solutions. Zetta's services, which include AI-driven dashboards for claims management, currently support over 640 clients. The global healthcare data analytics market is projected to grow from $35 billion in 2022 to $167 billion by 2030, highlighting the potential growth opportunities for Semantix.
Semantix, Inc. (NASDAQ: STIX) has announced it will release financial results for its wholly-owned subsidiary Semantix Tecnologia em Sistema de Informação S.A. for the first half of 2022, ending June 30, 2022. The results will be published after the U.S. markets close on August 31, 2022. A conference call to discuss the results will take place at 8:30 a.m. ET on September 1, 2022, available via webcast on their Investor Relations website.
Semantix, Latin America's first integrated data platform, completed its merger with Alpha Capital, a SPAC, and will trade on Nasdaq under ticker STIX starting August 4, 2022. The merger was approved by Alpha Capital shareholders on August 2, 2022. This listing is expected to enhance Semantix's ability to grow and expand internationally. Semantix, operational in approximately 15 countries, serves over 300 clients, ensuring its position as a leader in the region's technology sector.