Nuvini Reports FY24 Net Operating Revenue R$193.3 Million Up From R$169 Million YoY

2024 Key Financial & Operational Highlights:

• Record Net Operating Revenue of R$193.3 million, an increase of R$24.3 million, or 14.4%, compared to R$169.0 million for 2023, driven mainly by an increase in SaaS subscription revenue, increased customer retention and a growing client base.
• Continued improvement in Gross Profit and Margin of R$122.5 million and 63.4% compared to $102.8 million and 60.8% for 2023.
• Delivered the Company's first Operating Profit of R$16.5 million, a sizeable improvement compared to a loss of R$(189.2) million during 2023.
• Significantly Increased Adjusted EBITDA by R$13.1 million to R$57.4 million or 30% when compared to R$44.3 million during 2023.
• Adjusted Free Cash Flow of R$22.5 million, an increase of R$31.9 million when compared to 2023.
• Cash & Equivalents of R$18.0 million at year end compared to R$11.4 million at the end of 2023.
• Improved churn of (2.9)% when compared to (3.3)% during 2023, marking improved client satisfaction and performance in relation to competition.
• Recorded Client Lifetime Value ("LTV") / Client Acquisition Cost ("CAC"): of 6x for the full year of 2024, an improvement compared to 4x for 2023.