Nuvini Group Limited (NASDAQ:NVNI) ("Nuvini" or the "Company"), a leading acquirer of private SaaS B2B companies in Latin America, today announced its unaudited financial results for the first half of 2024, reflecting continued revenue growth, operational efficiencies, and financial resilience. The company will file a 6-K with the SEC today.
Key Financial Highlights:
- Operating Profit: R$14.2 million, a dramatic increase from R$0.3 million in the prior year period, demonstrating improved operational efficiencies and cost management.
- Adjusted EBITDA: R$26.5 million, a 25% increase from R$21.2 million in H1 2023, reflecting improved profitability and disciplined cost control.
- Net Revenue: R$92.2 million, a 12.5% increase compared to R$81.9 million in H1 2023.
- Net Cash from Operating Activities: R$16.3 million, further reinforcing the Company's ability to generate strong cash flow from its growing operations.
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