Vasta Platform Ltd Stock Price, News & Analysis

Vasta Platform Limited (NASDAQ: VSTA) reported its 4Q21 financial results, showcasing a 35% increase in Annual Contract Value (ACV) for the 2022 school year, totaling R$1,000 million. Subscription product revenue climbed by 22% year-on-year, with net revenue from subscription products reaching R$346.8 million. Adjusted EBITDA rose by 10%, although margins declined due to integration costs from the Eleva acquisition. The adjusted net profit fell 17% to R$98 million, influenced by increased financial leverage and higher interest rates. Vasta's entry into B2B2C services and strong growth in premium brands were also highlighted.

Vasta Platform Limited (NASDAQ: VSTA) will announce its fourth quarter 2021 financial results on March 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET, enabling investors to discuss the results. Vasta is a high-growth education company in Brazil, focused on digital solutions for K-12 private schools, aiming to enhance educational outcomes and profitability. The company is dedicated to supporting schools' digital transformation, emphasizing technology's role in improving efficiency and quality in education.

Vasta Platform Limited (Nasdaq: VSTA) announced a strong performance for the 2022 commercial cycle, achieving Annual Contract Value (ACV) Bookings of R$1,000 million, marking a 35% increase from 2021. Excluding Eleva, this represents a 22% growth. Vasta's average ACV growth from 2019 to 2022 was 20%. The company's complementary solutions saw a significant 47% rise, with traditional learning systems growing by 31%. However, PAR paper-based ACV decreased by 29%. Vasta aims to continue expanding its market presence and support K-12 schools in Brazil's digital transformation.

Vasta Platform Limited (NASDAQ: VSTA) announced its acquisition of Phidelis Tecnologia Desenvolvimento de Sistemas Ltda. and MVP Consultoria e Sistemas Ltda. on Jan. 17, 2022, through its subsidiary, Somos Sistemas de Ensino S.A. Phidelis offers comprehensive academic and financial management software solutions for K-12 schools, having serviced over 35 schools and generating R$ 5 million in net revenue in 2021. This strategic acquisition aims to enhance Vasta's digital services and solidify its position in the K-12 education market in Brazil.

Vasta Platform Limited (NASDAQ: VSTA) reported its 3Q21 results, showing a 7% growth in subscription revenue year-over-year, while total net revenue fell 12%. Affected by COVID-19, the non-subscription revenue dropped significantly due to reduced textbook sales. Adjusted EBITDA decreased by 35% to R$168 million, driven by lower net revenue and higher provisions for doubtful accounts. Notable developments include the acquisition of Eleva platform and a distribution agreement with Instituto Presbiteriano Mackenzie, enhancing Vasta's market position.

Vasta Platform Limited (NASDAQ: VSTA) will report its third quarter 2021 financial results on November 11, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Investors can listen by calling +1 (833) 519-1336 or +1 (914) 800-3898. Vasta is a leading education company in Brazil that leverages technology to provide comprehensive educational solutions for private K-12 schools, enhancing their profitability and digital transformation.

Vasta Platform Limited (NASDAQ: VSTA) announced the completion of its subsidiary, Somos Sistemas de Ensino S.A., acquiring Editora de Gouges S.A. for R$ 580 million, plus an estimated R$ 32 million in net cash adjustments. The acquisition price will be paid in installments over five years, starting with a R$ 160 million payment. Alongside this, a 10-year commercial agreement for courseware supply was established with Eleva Educação S.A. The transaction aims to enhance Vasta's K-12 education solutions, supporting its mission for digital transformation in Brazilian education.

On October 25, 2021, Vasta Platform Limited (NASDAQ: VSTA) announced a distribution agreement with Instituto Presbiteriano Mackenzie via its subsidiary, Somos Sistemas de Ensino S.A. Under this agreement, Vasta becomes the exclusive distributor of the Mackenzie Learning System across Brazil's basic education segments starting in 2022. Mackenzie, a nonprofit educational institution with a rich history, will continue developing educational materials while Vasta will handle pedagogic services and technological products, enhancing the educational landscape in Brazil.