Locaweb Serviços de Internet S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Locaweb Serviços de Internet S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 330.09 million compared to BRL 303.08 million a year ago. Net income was BRL 3.87 million compared to net loss of BRL 7.26 million a year ago. Basic earnings per share from continuing operations was BRL 0.01 compared to basic loss per share from continuing operations of BRL 0.01 a year ago. Diluted earnings per share from continuing operations was BRL 0.01 compared to diluted loss per share from continuing operations of BRL 0.01 a year ago.
For the nine months, sales was BRL 945.45 million compared to BRL 832.94 million a year ago. Net loss was BRL 28.64 million compared to net income of BRL 10.09 million a year ago. Basic loss per share from continuing operations was BRL 0.05 compared to basic earnings per share from continuing operations of BRL 0.01 a year ago. Diluted loss per share from continuing operations was BRL 0.05 compared to diluted earnings per share from continuing operations of BRL 0.01 a year ago.
Locaweb Servicos de Internet SA is a Brazil-based provider of Business-to-Business (B2B) technology solutions. The Companyâs activities are divided into two operating segments: Be Online/SaaS and Commerce. Be Online/SaaS division offers services of hosting, hosting reseller, domain registration, cloud computing and dedicated servers, as well as solutions related to email accounts, email marketing campaigns and Internet Protocol (IP) communication, through brands Locaweb, Locaweb Corp, All iN, KingHost, Cluster2Go and Delivery Direto. Commerce division is engaged in facilitating online retail operations, providing e-commerce platforms and payment solutions, through brands Tray, Tray Corp and Yapay. The Company owns several subsidiaries, such as ITCapital Servicos Tecnologia Ltda, Ananke Participacoes SA and LwK Hosting Participacoes Ltda.
LOCAWEB SERVIÇOS DE INTERNET S.A. 
