VTEX (VTEX) Reports In-Line Q1 EPS, provides guidance

VTEX (NYSE: VTEX) reported Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $52.6 million versus the consensus estimate of $53.34 million.

GUIDANCE:

VTEX sees Q2 2024 revenue of $54.5-56 million, versus the consensus of $55.435 million.

For the full year 2024, we continue executing our strategy for profitable growth. Recognizing heightened volatility in Argentina’s macro situation, we are targeting FX neutral YoY revenue growth of 16% to 20%, implying a range of US$234 million to US$243 million based on April’s average FX rate. Further demonstrating our operational leverage, we are targeting free cash flow and non-GAAP operating income margins of high single digits.

We are confident in VTEX\'s ability to navigate the uncertainties posed by the current macroeconomic scenario. We are empowering our customers to digitally transform their commerce operations while helping them to outperform the market.

For earnings history and earnings-related data on VTEX (VTEX) click here.

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