Despegar (NYSE:DESP).com, Corp., a company specializing in transportation services, announced today that it will hold its 2024 Annual Meeting of Shareholders on December 12, 2024. The notice, along with the Chairman's Letter and Form of Proxy, was distributed to shareholders on November 22, 2024, as per the latest SEC filing.
The company, which is listed under the Central Index Key number 0001703141 and falls within the Standard Industrial Classification of Transportation Services [4700], is incorporated in the British Virgin Islands and has its principal executive offices located in Road Town, Tortola.
In the filing submitted to the United States Securities and Exchange Commission, Despegar.com confirmed that the materials for the annual meeting were made available to shareholders starting November 22, 2024. These materials include important documents that enable shareholders to vote on various corporate matters that will be discussed during the meeting.
In other recent news, Nextdoor, the neighborhood-focused social network, unveiled its financial results for the third quarter of 2024. The company's earnings call, featuring CEO Nirav Tolia and CFO Matt Anderson, focused on its financial performance, with a particular emphasis on non-GAAP financial measures. Reconciliations for these measures were made available in the shareholder letter.
The company also underscored that the forward-looking statements made during the call are subject to various risks and uncertainties, and are not guaranteed. Despite the lack of specific bullish highlights or misses, the call was a platform for Nextdoor to present its financial health and address inherent uncertainties in its future projections. .
InvestingPro Insights
As Despegar.com prepares for its 2024 Annual Meeting of Shareholders, investors may find value in examining the company's financial health and market performance. According to InvestingPro data, Despegar.com has shown impressive revenue growth, with a 16.97% increase in the most recent quarter. This growth trajectory could be a topic of interest at the upcoming shareholder meeting.
InvestingPro Tips highlight that Despegar.com holds more cash than debt on its balance sheet, which may provide the company with financial flexibility to pursue growth opportunities or weather potential economic challenges. Additionally, the company boasts impressive gross profit margins, with the latest data showing a robust 82.35% for the last twelve months as of Q3 2024.
Despite these positive indicators, it's worth noting that analysts do not anticipate the company to be profitable this year, according to another InvestingPro Tip. This information could be particularly relevant for shareholders as they consider the company's future prospects and potential discussion points for the annual meeting.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Despegar.com, providing a deeper understanding of the company's financial position and market outlook.
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