Welcome to our dedicated page for VTEX news (Ticker: VTEX), a resource for investors and traders seeking the latest updates and insights on VTEX stock.
VTEX provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Company news centers on the VTEX commerce suite, including Commerce Platform, Retail Media Platform and Agentic CX Platform capabilities used for B2C omnichannel, B2B commerce, marketplace enablement, distributed order management, WhatsApp stores and customer-service automation.
Recurring updates include quarterly and annual results prepared under U.S. GAAP, subscription revenue, GMV, non-GAAP operating measures, customer store launches and migrations, seasonal commerce volumes, global expansion, product investments in AI and retail media, and annual general meeting materials for Class A and Class B common shareholders.
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VTEX, the global enterprise digital commerce platform, has announced its Annual General Meeting of Shareholders (General Meeting) scheduled for May 26, 2023. The meeting will take place at the company’s registered office in Grand Cayman, Cayman Islands. Shareholders can access the Convening Notice, agenda, proxy card, and relevant materials on the company's official website at www.investors.vtex.com. VTEX serves over 2,600 customers, including notable brands like Carrefour and Sony, and operates more than 3,400 active online stores across 38 countries as of December 31, 2022. The company continues to position itself as a leader in enabling brands and retailers to enhance their digital commerce strategies.
VTEX (NYSE: VTEX), a global enterprise digital commerce platform, is set to release its financial results for the first fiscal quarter ending March 31, 2022, on May 9, 2023, at 4:30 PM Eastern Time. This announcement comes as VTEX continues to provide advanced commerce solutions for brands and retailers, driving growth and efficiency in the e-commerce sector. The company boasts a strong customer base of over 2,600, including major brands like Carrefour, Colgate, and Sony, operating over 3,400 online stores across 38 countries as of FY 2022. Investors can access the financial results through a conference call or an audio webcast available on their investor relations website.
Riverwood Capital, managing $5.6 billion, announced the promotions of executives Joe De Pinho, Alex Porto, and Ramesh Venugopal to Partner. The firm has seen a 40% growth in headcount over the last three years and an average revenue growth of 46% per year across its portfolio since inception. In 2022, investments grew revenues by 60% on average, up from 49% in 2021. Co-founders emphasized their strategy of investing in established technology companies amidst various global challenges. Riverwood's consistent focus on scaling businesses underlines its commitment to driving industry transformation.
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VTEX (NYSE: VTEX) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022 with the SEC on March 2, 2023. This report details the company's financials and is accessible on both the SEC's database and VTEX's investor relations website. VTEX is recognized as a leading enterprise digital commerce platform, serving over 2,600 clients globally, including major brands like Carrefour and Whirlpool. The platform supports businesses across various commerce models (B2B, B2C, and Marketplace) with innovative solutions for faster growth.
VTEX reported strong financial results for the fourth quarter of 2022, with GMV growing 34% year-over-year to US$3.9 billion and total revenue reaching US$45.5 million, marking a 22.5% YoY increase. Subscription revenue accounted for 93.9% of total revenues, growing 23.8% YoY. Notably, non-GAAP income from operations improved to US$2.1 million, a significant turnaround from previous losses. The company generated positive free cash flow of US$2.5 million. Despite macroeconomic challenges, VTEX aims for 15% to 19% revenue growth in 2023, targeting US$183 million to US$189 million in total revenue.