Semantix, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:01 am EST
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Semantix, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 40.04 million compared to BRL 80.64 million a year ago. Net loss was BRL 28.41 million compared to BRL 199.52 million a year ago.
For the nine months, sales was BRL 127.72 million compared to BRL 166.18 million a year ago. Net loss was BRL 112.27 million compared to BRL 285.67 million a year ago.
Semantix Inc, formerly Alpha Capital Holdco Co is a Brazil-based company. It is a developer of a data-centric platform that accelerates digital transformation and enhances business performance through seamless, low-code and low-touch data analytics solutions. The Companyâs data software is designed to allow customers to access data from any source and develop appropriate analytics to meet their industry and business needs. The Companyâs internally developed, frictionless, end-to-end Software as a Service (SaaS) data platform Semantix Data Platform (SDP) guides customers through their entire data lifecycles, from capturing data, to structuring that data in the form of a data lake, then providing easy access to such data for exploration and interaction and, finally, creating reports, dashboards and algorithms fueled by the data to enhance business performance.