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Interim Report Q4 ENG FINAL
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
Waterford, Ireland – Feb 14, 2022, Kollect On Demand Holding AB (publ) (“Kollect” or the “Company”) (Nasdaq: KOLL), is pleased to publish its Interim Report for Q4 2021 and preliminary results for Full Year 2021.
Please click the attached PDF for the full report
Highlights for the Quarter
• Revenue in Q4 2021 was SEK 17.5 million, up 35% on Q4 2020 revenue of SEK 12.9 million, however down 9% compared to Q3 2021 revenues of SEK 19.2 million. In operational currency terms, these were an increase of 37% and reduction of 8% respectively.
• Recurring revenue of SEK 11.0 million in Q4 2021 was up 40% compared to SEK 7.9 million in Q4 2020, however it was down 2% compared to SEK 11.2 million in Q3 2021.
• Gross profit in Q4 2021 amounted to SEK 6.1 million, up 10% compared to SEK 5.5 million in Q4 2020, however it was down by 9% compared to SEK 6.9 million in Q3 2021.
• Gross margin for Q4 2021 was 35%, compared to 43% in Q4 2020 and 36% in Q3 2021.
•The EBIDTA loss was flat at SEK 4.4 million in Q4 2021 from SEK 4.4 million in Q4 2020. As a percentage of revenue, the EBIDTA loss was 25% in Q4 2021, which was lower than Q4 2020 when the EBIDTA loss was 34% of revenue.
Highlights for the Full Year from January to December 2021
• Revenue in the 12 months showed year-on-year growth of 44% with SEK 66.6 million up from SEK 46.1 million in FY 2020;
• Overall gross margin of 37% in FY 2021 remained in line with 38% for FY 2020;
• Successful TO1 Warrant raise completed in Q3 2021, with a 99% subscription rate; and
• Continued investment in staffing with 10% increase in headcount from 47 at December 2020 to 52 at end of December 2021 reflecting the Company’s improved efficiency at a revenue per employee level.
CEO Comments
“I am proud that the Company maintained our track record of consistent year-on-year revenue growth for Q4 of 35% despite COVID restrictions in Ireland. The quarterly revenues were down 9% on Q3 2021, as we saw the effects of increased seasonality in our waste drop-off business following the bolt on in November 2020 of another compactor bin business come through and the commercial base held up well, even with the Christmas and New Year period.”
| Key Figures (SEK ‘000s) | Q4 2021 | Q4 2020 | Q3 2021 | 2021 | 2020 |
| Total Revenue | 17,502 | 12, 945 | 19,217 | 66,662 | 46,141 |
| Cash | 8,608 | 2,351 | 16,173 | 8,608 | 2,351 |
| EBITDA | (4,475) | (4,398) | (2,906) | (11,965) | (9.725) |
| Gross Profit | 6,074 | 5,534 | 6,927 | 24,398 | 17,607 |
| Total Gross Margin | 35% | 43% | 36% | 37% | 38% |
Revenue for Q4 2021 was up 35% compared with Q4 2020 (prior year) but down 9% compared with Q3 2021 (prior quarter). In operational currency terms, however, revenue increased by 37% compared to the prior year.
Gross Profit was up 10% in Q4 2021 compared to Q4 2020 as a result of revenue growth and consistently strong gross margins. In operational currency terms, Gross Profit increased by 12% compared to Q4 2020.
The EBIDTA loss was SEK 4.4 million in Q4 2021 from SEK 4.4 million in Q4 2020. As a percentage of revenue, the EBIDTA loss was 25%, compared to Q4 2020 when the EBIDTA loss was 34% of revenue.