DLocal backs FY23 revenue view $620M-$640M, consensus $645.96M

As of September 30, dLocal had $498.2M in cash and cash equivalents, including $191.8M of own funds and $306.4M of merchants’ funds. The consolidated cash position decreased by $44.1M from $542.3 million as of September 30 FY22. When compared to the $549.4M cash position as of June 30 it decreased by $51.2M , mainly driven by reduced settlement period to certain merchants and repatriation of funds in Argentina that were outstanding. In addition, we invested US$52.4M dollars of our own funds in Argentine dollar-linked treasury bonds maturing in 2024. Own funds were up by US$15.1M from US$176.7M in the prior quarter.