Linx Grows 11% in Net Revenue in the First Quarter of 2021 Compared to the Same Period in 2020

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May 18, 2021

Linx closed the first quarter of 2021 with gross revenue of BRL 264.5 million. In 1Q21, total recurring revenue reached BRL 233 million, 15% higher than 1Q20 and equivalent to 88% of gross revenues. Net operating revenue was BRL 231 million, which represented an increase of 11% over 1Q20. Adjusted EBITDA reached BRL 52 million in the quarter and the adjusted EBITDA margin in the period was 22.4%. The adjusted net loss in the first quarter was BRL 4 million.