VTEX provided earnings guidance for the fourth quarter and full year of 2023. For the quarter, the company is currently targeting revenue for the fourth quarter of 2023 in the USD 55.0 million to USD 57.0 million range, implying a YoY growth of 22% on an FX neutral basis in the middle of the range.

For the full year, the company considering the current performance of the company, the company are increasing the bottom and the top of the range, now targeting the full year to end between 22% to 23% on an FX-neutral YoY basis, implying a range of USD 196 million to USD 198 million based on October average FX rate and assuming a devaluation of Argentina?s currency aligned with market futures rates.