VTEX Reports Third Quarter 2023 Financial Results
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Tuesday, November 7, 2023
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VTEX (NYSE: VTEX) the global enterprise digital commerce platform for premier brands and retailers, today announced results for the third quarter of 2023 ended September 30, 2023.
Key Points:
- VTEX (NYSE: VTEX) the global enterprise digital commerce platform for premier brands and retailers, today announced results for the third quarter of 2023 ended September 30, 2023.
- Non-GAAP subscription gross margin was 76.2% in the third quarter of 2023, compared to 73.8% in the same quarter of 2022.
- Non-GAAP income from operations was US$1.7 million during the third quarter of 2023, compared to a Non-GAAP loss from operations of US$1.5 million in the second quarter of 2023 and a Non-GAAP loss from operations of US$6.0 million in the same quarter of 2022.
- Non-GAAP positive free cash flow was US$2.7 million during the third quarter of 2023, compared to a Non-GAAP negative free cash flow of US$3.3 million both in the second quarter of 2023 and in the same quarter of 2022.