Wednesday, March 22, 2023

Padtec posts Q4 revenue of R$105 million, up 7.5% YoY

Padtec reported record net revenue for 4Q22 of R$105.0 million (approx US$20.05 million), 7.5% higher than in 4Q21. Of this amount, R$82.2 million come from optical transport systems in Brazil, R$10.9 million from sales of optical transport systems in the foreign market and R$11.9 million from Services and Platforms.

For all of 2022, Padtec reported record net revenue of R$365.7 million in the year, 6.4% higher than in 2021.

Some additional highlights:

  • Net revenue from optical transport systems (DWDM equipment) in Brazil of R$244.4 million in 2022.
  • Annual record in net revenues from the foreign market: R$77.2 million, +67.0% over 2021.
  • Net revenue from Services and Platforms of R$44.1 million in 2022, in line with the previous year. In addition to the revenues already accounted for in the annual result, a further R$130 million in monthly recurring revenues (MRRs) already generated for the 2023-2025 fiscal years.
  • In 1Q23, Padtec announced an important milestone in its trajectory: 1,000 units sold of the 800 Gb/s transponder, which was first launched in October 2020
  • More than 300 thousand kilometers of networks have already been lit by Padtec throughout the Latin American region, where the company is present in 80% of the countries. 
  • Padtec opened commercial office in Lima, Peru.
  • Padtec ended 2022 with 690 employees, including statutory and non-statutory directors, employees, interns and apprentices.

https://www.padtec.com.br/wp-content/uploads/2020/07/2023.03.22-Release-2022-INGL.pdf