2023-08-08 17:53:44 ET
- Vtex press release ( NYSE: VTEX ): Q2 GAAP EPS of -$0.04 misses by $0.01 .
- Revenue of $47.9M (+23.8% Y/Y) beats by $0.37M .
-
GMV Y/Y growth reached 23%.
Subscription gross profit increased 27% Y/Y, representing a margin expansion of 280 bps.
Non-GAAP operating margin expanded 42% p.p. Y/Y, reaching (3.2)%.
-
Outlook: In this context, we are currently targeting revenue for the third quarter of 2023 in the US$48.2 million to US$49.0 million range vs. consensus of $47.61M, implying a YoY growth of 19% on an FX neutral basis in the middle of the range.
-
For the full year 2023, we expect FX neutral YoY revenue growth of 18% to 20%, implying a range of US$191 million to US$195 million based on Q2 average FX rates vs. consensus of $191.24M,
For further details see:
Vtex reports mixed Q2 earnings; initiates Q3 and updates FY23 outlook