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ClearSale (CLSA3) investor relations material
ClearSale Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed a strategic transaction and merger agreement with Serasa Experian, with regulatory and shareholder approvals secured and closing expected in early 2025.
Achieved revenue diversification, reduced dependence on large marketplaces, and repositioned the brand.
Optimized structure, invested in technology, and stabilized cash burn, preparing for profitable growth.
Marked the last earnings call before integration with Serasa, highlighting a new chapter.
Strategic focus on simplification, scalability, profitability, and leveraging the Serasa Experian combination.
Financial highlights
Gross new sales revenue grew 36.4% year-over-year to R$72.9 million in 2024.
Total net revenue for 2024 was R$474.6 million, down 5.9% year-over-year.
Gross profit (ex-depreciation) was R$194.5 million, up 1.3% year-over-year; gross margin improved by 2.9 p.p. to 41.0%.
EBITDA ex-LTI for 2024 was -R$6.0 million, an improvement of R$18.4 million year-over-year.
Operating cash flow reached R$62.1 million in 2024; net cash at year-end was R$357.8 million.
Segment performance
Application Fraud segment revenue grew 10.3% year-over-year to R$134.8 million.
Transactional Brazil (e-commerce) revenue was R$278.5 million in 2024, down 10.2% year-over-year, with the decline rate slowing in 4Q24.
Transactional International revenue was R$61.3 million, down 14.7% year-over-year, impacted by customer base cleaning and churn.
Gross revenue from new sales in 2024: Transactional Brazil R$23mn (+41%), International R$6.8mn (+29.4%), Application Fraud R$43.2mn (+35.2%).
Customer base remained stable, with 7,262–7,622 active clients at year-end.
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