On Track to Complete Business Combination With LIV Capital Acquisition Corp. (Nasdaq: LIVK) During the Third Quarter of 2021
First Half of 2021: 17 New Clients added, Record number73% increase in bookings (Total Contract Value) vs 2H 2020 to $104M 1.4 x Book to Bill ratio (Total Contract Value / Revenue)
59% growth Q1/Q2 Employee Additions
13% Revenue Growth Q4 of 2020 vs Q2 of 2021
AgileThought, Inc (“AgileThought” or the “Company”), a global provider of digital transformation services, custom software development, and next generation technologies, today announced preliminary results for the six months ended June 30th, 2021. The preliminary results are subject to completion of the Company’s quarterly financial reporting process and the preparation of the unaudited financial statements for the quarter.
“The company delivered strong top line performance and key leading indicators that are very encouraging for strong future growth, with a record of 17 new clients added with total bookings of $104M, for an increase of 73% compared with 2H 2020. Client demand for our services continues to grow, which we have been able to capture above market growth. The future looks very bright for us,” said Manuel Senderos, CEO at AgileThought, Inc.
On May 9, 2021, AgileThought entered into a business combination agreement with LIV Capital Acquisition Corp. (Nasdaq: LIVK). Upon the closing of the transaction, the combined company intends to change its name to AgileThought, Inc. and trade on the Nasdaq Capital Market, or Nasdaq, under the ticker symbol “AGIL.”
First Half of Fiscal Year 2021 Highlights:
- 17 New clients added.
- Bookings (Total Contract Value) for the first 6 months of 2021 was $104M, an increase of 73% compared to the 2H of 2020. Q1 was $48.9M, an increase of 113% vs Q4 2020; Q2 was $54.94M, a 12% increase vs Q1 2021.
- Employee additions were 721 during the period; Q2 was 443, an increase of 59% over Q1 2021. The Company is targeting new employee additions of above 1,000 during the second half of the year for 2021.
- Revenue for the first 6 months of 2021 was $76.2M; Q1 was $37.2M, an increase of 7.9% over Q4 2020. Q2 was $38.9M, an increase of 4.6% over Q1 2021 and a 14.5% increase over Q4 2020.
- The Company continues to focus on recruiting employee additions and ongoing growth of demand generated by the sales team.
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