VTEX (NYSE:VTEX) Q3 2022 Results Conference Call November 10, 2022 4:30 PM ET

Company Participants

Julia Vater Fernandez - Investor Relations Director

Geraldo Thomaz - Founder and Co-Chief Executive Officer

Ricardo Camatta Sodre - Finance Executive Officer

Mariano Gomide de Faria - Founder and Co-Chief Executive Officer

Conference Call Participants

Marcelo Santos - JPMorgan

Andre Salas - UBS

Diego Aragao - Goldman Sachs

Clarke Jeffries - Piper Sandler

Thiago Kapulskis - Itua BBA

Operator

Hello, and welcome to the VTEX's Reports Third Quarter 2022 Financial Results. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions]

I would now like to hand over to our host, Julia Fernandez. The floor is yours. Please go ahead.

Julia Vater Fernandez

Hello, everyone, and welcome to the VTEX Earnings Conference Call for the Quarter Ended September 30, 2022. I am Julia Vater Fernandez, Investor Relations Director for VTEX. Our senior executives presenting today are Geraldo Thomaz Jr., founder and co-CEO, and Ricardo Camatta Sodre, Finance Executive Officer. Additionally, Mariano Gomide de Faria, founder and co-CEO, and Andre Spolidoro, Chief Financial Officer, will be available during today’s Q&A session.

I would like to remind you that management may make forward-looking statements relating to such matters as continued growth prospects for the company, industry trends and product and technology initiatives. These statements are based on currently available information and our current assumptions, expectations and projections about future events. While we believe that our assumptions, expectations and projections are reasonable in view of the currently available information, you are cautioned not to place undue reliance on these forward-looking statements.

Certain risks and uncertainties are described under Risk Factors and Forward-Looking Statements sections of VTEX’s Form 20-F for the year ended December 31st, 2021 and other VTEX’s filings with the U.S. Securities and Exchange Commission which are available on our investor relations website.

Finally, I would like to remind you that during the course of this conference call we may discuss some non-GAAP measures. A reconciliation of those measures to the nearest comparable GAAP measures can be found in our third quarter 2022 earnings press release available on our investor relations website.

Now, let me turn the call over to Geraldo. Geraldo, the floor is yours.

Geraldo Thomaz

Thank you Julia. Welcome everyone, and thanks for joining our third quarter 2022 earnings conference call. Last quarter we shared three key focuses for the company: continue helping our customers outperform the market; keep improving our gross margin; and optimize our expenses to gain operational efficiencies. And, most importantly, all of that while we continue to deliver our high growth plans. With that as our north, let’s deep dive on our operational performance this quarter.