The following table shows the reconciliation for our consolidated Non-GAAP Gross Profit and consolidated Non-GAAP Gross Margin:
Q2 H1
------------------------------ ------------------------------
2024 2023 2024 2023
Consolidated (non-audited) (non-audited) (non-audited) (non-audited)
-------------- -------------- -------------- --------------
(in thousands of R$)
-------------- --------------------------------------------------------------
Gross profit 87,535 70,386 168,392 149,335
(+)
Amortization
of intangible
assets
acquired from
business
combinations 12,654 12,850 25,439 26,361
Non-GAAP Gross
Profit(1) 100,189 83,236 193,831 175,696
Revenue 231,159 192,919 443,795 371,966
Gross
margin(2) 37.9 % 36.5 % 37.9 % 40.1 %
Non-GAAP Gross
Margin(3) 43.3 % 43.1 % 43.7 % 47.2 %
-------------- -------------- --------------
(1) We calculate Non-GAAP Adjusted Gross Profit as gross profit plus
amortization of intangible assets acquired from business combinations. (2) We
calculate gross margin as gross profit divided by revenue. (3) We calculate
Non-GAAP Adjusted Gross Margin as Non-GAAP Adjusted Gross Profit divided by
revenue.
The following tables shows the reconciliation for the Non-GAAP Gross Profit and Non-GAAP Gross Margin for our
SaaS and CPaaS business segments:
Q2 H1
------------------------------ ------------------------------
2024 2023 2024 2023
SaaS Segment (non-audited) (non-audited) (non-audited) (non-audited)
-------------- -------------- -------------- --------------
(in thousands of R$)
-------------- --------------------------------------------------------------
Gross profit 29,871 29,144 60,440 62,060
(+)
Amortization
of intangible
assets
acquired from
business
combinations 12,654 12,850 25,439 26,361
Non-GAAP Gross
Profit(1) 42,525 41,994 85,879 88,421
Revenue 77,977 67,467 154,797 136,049
Gross
margin(2) 38.3 % 43.2 % 39.0 % 45.6 %
Non-GAAP Gross
Margin(3) 54.5 % 62.2 % 55.5 % 65.0 %
-------------- -------------- --------------
(1) We calculate Non-GAAP Adjusted Gross Profit for our SaaS business segment
as gross profit for our SaaS business segment plus amortization of intangible
assets acquired from business combinations for our SaaS business segment.
(2) We calculate gross margin for our SaaS business segment as gross profit
for our SaaS business segment divided by revenue of our SaaS business segment.
(3) We calculate Non-GAAP Adjusted Gross Margin for SaaS business segment as
Non-GAAP Adjusted Gross Profit for our SaaS business segment divided by
revenue for our SaaS business segment.
Q2 H1
------------------------------ ------------------------------
2024 2023 2024 2023
CPaaS Segment (non-audited) (non-audited) (non-audited) (non-audited)
-------------- -------------- -------------- --------------
(in thousands of R$)
-------------- --------------------------------------------------------------
Gross profit 57,652 41,241 107,952 87,275
(+)
Amortization
of intangible
assets
acquired from
business
combinations 0 0 0 0
Non-GAAP Gross
Profit(1) 57,652 41,241 107,952 87,275
Revenue 153,182 125,455 288,998 235,917
Gross
margin(2) 37.6 % 32.9 % 37.4 % 37.0 %
Non-GAAP Gross
Margin(3) 37.6 % 32.9 % 37.4 % 37.0 %
-------------- -------------- --------------
(1) We calculate Non-GAAP Adjusted Gross Profit for our CPaaS business
segment as gross profit for our CPaaS business segment plus amortization of
intangible assets acquired from business combinations for our CPaaS business
segment. (2) We calculate gross margin for our CPaaS business segment as
gross profit for our CPaaS business segment divided by revenue of our CPaaS
business segment. (3) We calculate Non-GAAP Adjusted Gross Margin for CPaaS
business segment as Non-GAAP Adjusted Gross Profit for our CPaaS business
segment divided by revenue for our CPaaS business segment.
The following table shows the reconciliation for our Adjusted EBITDA and Normalized EBITDA:
Q2 H1
------------------------------ ------------------------------
2024 2023 2024 2023
(non-audited) (non-audited) (non-audited) (non-audited)
-------------- -------------- -------------- --------------
(in thousands of R$)
Loss for the
period -15,937 -15,170 -72,193 -31,939
Current and
Deferred
Income Tax -11,504 -5,005 -25,167 -16,633
Financial
expenses,
net 37,457 13,138 97,661 29,237
Depreciation
and
Amortization 23,582 21,935 46,379 42,068
Adjusted
EBITDA(1) 33,598 14,898 46,680 22,733
-------------- -------------- -------------- --------------
Earn-outs -80 - - 10,161
Normalized
EBITDA(2) 33,678 14,898 56,841 22,733
-------------- -------------- --------------
(1) We calculate Adjusted EBITDA as loss for the period adjusted by income
tax and social contribution (current and deferred), financial expenses, net,
depreciation and the goodwill impairment. (2) We calculate Normalized EBITDA
as the Adjusted EBITDA adjusted by non-cash impacts from earn-out
adjustments.
View original content:https://www.prnewswire.com/news-releases/zenvia-reports-q2-2024-and-h1-2024-results-302239975.html
SOURCE Zenvia
(END) Dow Jones Newswires
September 05, 2024 17:00 ET (21:00 GMT)
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