Litchfield Hills Research Reaffirms Buy Rating for Lleida.net, as Company Celebrates Milestone of 100 Million Certified Emails
12 Julio 2023 - 6:31AM
Lleida.net (LLEIF.US) is pleased to announce that Litchfield Hills
Research LLC, a leading American equity research firm, has
reaffirmed its Buy rating and $9 price target
for the company.
The firm's preliminary 1Q22 results, recently
released, reflect a revenue of €4.7 million and an EPS loss of
€0.02. Despite these results being slightly short of Litchfield
Hills Research's expectation due to higher operating expenses and
unfavorable exchange rates, the company's valuation from the
analyst remains unchanged.
"It's clear that Litchfield Hills Research's
assessment recognizes the inherent value and potential of
Lleida.net. We're not here to just meet expectations, but to exceed
them. As we continue to drive innovation and expand our services
globally, we believe that the market will continue to validate our
strategy and our performance," said Sisco Sapena, who founded the
company in 1995.
Following the announcement of these results,
Litchfield Hills Research has adjusted its 2023 estimates for
Lleidanetworks. The firm, run by Theodore R. O'Neill, is now
expecting a revenue of €21.5 million and an EPS of €0.00, slightly
down from their previous forecast of €21.8 million and €0.01,
respectively.
Nevertheless, it is important to underline that in
May 2023, Lleida.net reached an important
milestone. It issued its 100 millionth
certified e-mail using its proprietary method. This
signifies a decade of consistent, exponential growth and increased
market penetration. The trajectory from 1 million certified emails
in 2016, 10 million in 2018, 25 million in 2021, and 50 million in
2022 illustrates the rapid growth and adoption of the multinational
company's services.
The company, founded in 1995 and listed on Euronext
Growth in Paris, BME Growth in Madrid and OTCQX in New York, has
obtained recognition in 300 patents worldwide in more than 60
countries.
It has already obtained worldwide patent
recognition in more than 60 countries.
Lleida.net's growth strategy includes a solid
growth policy in intellectual property and R&D, as well as a
reinforcement of its internationalization strategy.
The company also recently announced the launch of
its USVC product, the first universal validator of electronic
signatures.
The company's recorded record sales in 2022.
For further information, please
visit https://investors.lleida.net/en
To download analysts' coverage, please
visit https://investors.lleida.net/en/analyst-reports
This press release contains statements regarding
the future of Lleidanet Servers TelematicsS.A. and its
innovations. Statements regarding the future may be accompanied by
words such as "anticipate," "believe," "estimate," "wait,"
"pretend," "power," "plan," "potential," the use of future time and
other terms of similar meaning. You don't need to put any undue
reliance on these claims. These statements involve risks and
uncertainties that could cause actual results to differ materially
from those reflected in such statements, including uncertainty of
the company's commercial success, ability to protect our
intellectual property rights, and other risks. These statements are
based on current beliefs and forecasts and refer only to the date
of this press release. The company assumes no obligation to
publicly update its forward-looking statements, regardless of
whether new information, future events or any other circumstance
arise.
Pedrosa IR
ir@pedrosa.uk
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