- ZENV has slumped after its IPO, but has a very attractive valuation against a group of CPaaS peers.
- ZENV is seeing re-acceleration of revenues, with Q2 preliminary results at R$154-159 million (US$29.5-30.5 million), for 65% y/y growth for Q2 and ~43% projected for FY21.
- Customer growth and net revenue expansion in a land and expand model support that growth.
- Some risks include weak gross margin, FX in reported figures, and potential issues in international expansion.
For further details see:
Backed By Twilio, Zenvia Has Some Potential After An Underwhelming IPO