Valid Soluções S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022
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Valid Soluções S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was BRL 496.3 million compared to BRL 421.27 million a year ago. Net income was BRL 39.39 million compared to BRL 55.05 million a year ago.
For the nine months, revenue was BRL 1,400.69 million compared to BRL 1,179.16 million a year ago. Net income was BRL 77.13 million compared to BRL 46.26 million a year ago. Basic loss per share from continuing operations was BRL 0.00387 compared to basic earnings per share from continuing operations of BRL 0.38323 a year ago.
Valid Solucoes SA, formerly Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA, is a Brazil-based company primarily engaged in the provision of printed services. The Company's activities are divided into four business segments: Means of payment, Identification, Telecommunications and Digital certification. The Means of payment division produces cards, which are used on a daily basis for payments, identification, gift cards, vouchers and tickets, among others. The Identification division offers physical and electronic solutions, such as capture, storage and data management, security printing, as well as recognition and digital printing. The Telecommunications division provides instant lottery tickets, prepaid cards and public transportation tickets, among others. The Digital certification division offers technology and support services for government-certified digital certificates.
VALID SOLUÇÕES S.A. 
