Positivo Tecnologia S.A. Reports Earnings Results for the Fourth Quarter and Full Year of 2017
March 13, 2018
Share
Positivo Tecnologia S.A. reported earnings results for the fourth quarter and full year of 2017. For the quarter, the company reported sales of Products were BRL 636,763 million compared to BRL 428,599 million a year ago. Gross revenue was BRL 653,875 million compared to BRL 437,875 million a year ago. Net sales revenue was BRL 587,448 million compared to BRL 392,120 million a year ago. Operating income was BRL 42,543 million compared to BRL 1,970 million a year ago. Net loss before taxes was BRL 42,543 million compared to net income before taxes of BRL 1,970 million a year ago. Net loss was BRL 45,767 million compared to net income of BRL 1,145 million a year ago. Net cash provided by operating activities was BRL 124,762 million compared to net cash used in operating activities of BRL 26,323 million a year ago. LBITDA was BRL 11.5 million compared to EBITDA of BRL 40.5 million a year ago. Adjusted EBITDA was BRL 23.4 million compared to BRL 35.9 million a year ago. Net Debt at end of the period was BRL 140.1 million compared to BRL 220.2 million a year ago. Adjusted net loss was BRL 1.3 million.
For the full year of 2017, the company reported sales of Products were BRL 2,185,204 million compared to BRL 1,905,871 million a year ago. Gross revenue was BRL 2,222,235 million compared to BRL 1,941,360 million a year ago. Net sales revenue was BRL 1,913,609 million compared to BRL 1,746,019 million a year ago. Operating loss was BRL 43,986 million compared to operating income of BRL 9,670 million a year ago. Net loss before taxes was BRL 43,986 million compared to net income before taxes of BRL 9,670 million a year ago. Net loss was BRL 47,550 million compared to net income of BRL 8,843 million a year ago. Net cash provided by operating activities was BRL 167,634 million compared to BRL 49,104 million a year ago. Increase in intangible assets was BRL 15,759 million compared to BRL 9,977 million a year ago. EBITDA was BRL 77.1 million compared to BRL 147.7 million a year ago. Adjusted EBITDA was BRL 122.9 million compared to BRL 143.7 million a year ago. Adjusted net income of BRL 4.4 million in 2017.
Positivo Tecnologia SA, formerly Positivo Informatica SA is a Brazil-based technology company, specializing in the development and manufacture of hardware-based technology. The Company is mainly engaged in the industrialization, trading and development of projects in the Information Technology (IT) area; industrialization, sale and lease of software and hardware; as well as sale of IT equipment, such as all-in-one computers, notebooks, netbooks and tablets, educational software systems and a range of Internet Things (IoT) products. Positivo Tecnologia is also active in the mobile phone market, offering smartphones and feature phones. The Company operates through three main segments, Retail, Government and Corporate. Positivo Tecnologia SA has several subsidiaries, including Positivo Argentina SRL, Crounal SA and Positivo Distribuicao e Comercio Ltda.
POSITIVO TECNOLOGIA S.A. 
