dLocal (DLO) Stock: Why The Price Surged Over 24% Today

By Amit Chowdhry ● May 18, 2022
  • The stock price of dLocal Ltd (NASDAQ: DLO) surged by over 24% during intraday trading today. This is why.

The stock price of dLocal Ltd (NASDAQ: DLO) surged by over 24% during intraday trading today. Investors are responding positively to the company’s first-quarter results.

These were the highlights from the quarter:

— Total Payment Volume (TPV) reached US$2.1 billion in the quarter, representing 127% year-over-year growth compared to US$926 million in the first quarter of 2021.

— Revenues in the first quarter of 2022 amounted to US$87.5 million, representing 117% year-over-year growth compared to US$40.3 million in the first quarter of 2021 and 15% growth compared to $76.3 million in the fourth quarter of 2021.

— Gross profit was US$43.6 million in the first quarter of 2022, representing 87% year-over-year growth compared to US$23.3 million in the first quarter of 2021 and 12% growth compared to US$38.9 million in the fourth quarter of 2021.

— Adjusted EBITDA was US$32.9 million in the first quarter of 2022, representing 84% year-over-year growth compared to US$17.8 million in the first quarter of 2021 and 13% growth compared to US$29.1 million in the fourth quarter of 2021.

— Adjusted EBITDA Margin was 38% in the first quarter of 2022 compared to 38% in the fourth quarter of 2021 and 44% in the first quarter of 2021.

— Profit for the first quarter of 2022 was US$26.3 million, or US$0.08 per diluted share, compared with profit of US$16.9 million, or US$0.06 per diluted share, for the first quarter of 2021 and with a profit of US$23.5 million, or US$0.08 per diluted share, for the fourth quarter of 2021.

— As of March 31, 2022, dLocal had US$410.1 million in cash, cash equivalents and marketable securities, compared with US$336.2 million as of December 31, 2021 and US$127.5 million as of March 31, 2021. The quarter-over-quarter increase of US$73.9 million reflects an increase of US$23.9 million in our funds and an increase of US$49.9 million in funds due to our merchants with respect to the fourth quarter of 2021.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.