$Nvni Group (NVNI.US)$ Nvni Group Limited reports 2023 FY re...

Nvni Group Limited reports 2023 FY results: Net Revenue growth of 36%, Adjusted EBITDA up 142%

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Nvni Group Limited reports 2023 FY results: Net Revenue growth of 36%, Adjusted EBITDA up 142%
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(Moderate)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Nvni Group (NVNI), Latin America's leading SaaS B2B company acquirer, reported strong financial results for FY 2023. The company achieved 36% growth in net revenue to R$ 168,985 million and a 142% increase in Adjusted EBITDA to R$ 44,238 million. Notable improvements include:

- Adjusted EBITDA margin expansion to 26% (up 800 bps)
- Gross profit increase of 43% to R$ 102,847 million
- Aggregate churn reduction of 28% to 3.3%
- CAC/LTV improvement of 33% to 452%
- Net loss per share reduction from R$ 6.48 to R$ 3.10

The results exclude R$176,282 million in non-cash, non-recurring items related to the SPAC merger in September 2023.

Positive
Net revenue growth of 36% to R$ 168,985 million
Adjusted EBITDA surge of 142% to R$ 44,238 million
Gross profit increase of 43% to R$ 102,847 million
Adjusted EBITDA margin improvement of 800 bps to 26%
Significant reduction in net loss per share from R$ 6.48 to R$ 3.10
Customer churn reduction of 28% to 3.3%
CAC/LTV ratio improvement of 33% to 452%

Negative
Company still operating at a net loss