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Wednesday, September 27, 2023

Vasta Platform Ltd. (VSTA) Stock Sliding After a Hefty Friday, Here’s Why

Vasta Platform Ltd. (VSTA), an education company, has declined 7.19% in premarket trading session. As a result, VSTA stock is trading at $4.26 at the time of the writing. The decline could be attributed to the profit-taking factor after VSTA stock surged 52.49% during Friday’s regular trading hours and closed the day at $4.59. The surge was attributable to increased trading activity as the short term investors opted to buy the stock but sell it as soon as it started paying rewards. For the moment, let’s dive deeper into some of the recent news related to VSTA stock.

VSTA Q3 2021 Operational Results

On 11th November, VSTA released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September 2021. The company generated net revenue of $0.127 million during the quarter against $0.141 million for the same period of 2020. The gross profit generated by the company during the three months was $47,811 against $79,185 for the same period of 2020. The company suffered a loss of $70,821 (or $0.85 and $0.84 per basic and diluted share) for the three months against $40,606 (or $0.49 per basic and diluted share) for the same period of 2020.

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Highlights of the Period

Alongside the operational results, VSTA also released the highlights of the period. The company concluded the 2021 cycle with a 7% subscription revenue growth year-over-year basis. In October, the company announced the distribution agreement with Instituto Presbiteriano Mackenzie. According to the agreement, the company would be the sole distributor of Mackenzie Learning System across all of the basic education segments in Brazil. In late October, the company announced the 2022 preliminary ACV to be totalling around $ 888 million. Alongside, the company debuted the B2B2C platform in October.

Executive Commentary

Management of VSTA, while commenting on the results said that despite the macroeconomic challenges, the company has performed outstandingly during the quarter. The quarter reassured the company’s perception that the quality and reputation remain the name of the game in the business. Looking forward, the company appears to be back on the growth trajectory in 2022, via which it would recover the ground it lost during 2021.

Future Outlook for VSTA

During the last six months, VSTA stock has declined more than 40%. The decline could be attributable to the company’s abysmal performance on the financial front during the period. However, looking ahead, the potential investors should keep a close eye on the performance of VSTA stock to reap the benefits in upcoming times, as the stock is expected to make giant leaps forward in the coming months.


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