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KOLL_Interim Report Q3 2021
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
Waterford, Ireland – Nov 8 2021, Kollect On Demand Holding AB (publ) (“Kollect” or the “Company”), (Nasdaq: KOLL), is pleased to publish its Interim Report for Q3 2021.
Please click on the attached PDF for the full report
Highlights for the Quarter
- Revenue in Q3 2021 was SEK 19.2 million, up 58% on Q3 2020 revenue of SEK 12.1 million and up 14% compared to Q2 2021 revenues of SEK 16.9 million. In operational currency terms, these increases were 62% and 11% respectively.
- Recurring revenue of SEK 11.2 million in Q3 2021 was up 66% compared to SEK 6.7 million in Q3 2020 and up 18% compared to SEK 9 million in Q2 2021.
- Gross profit in Q3 2021 amounted to SEK 6.9 million, up 59% compared to SEK 4.3 million in Q3 2020 and increased by 10% compared to SEK 6.3 million in Q2 2021.
- Gross margin for the Q3 2021 was 36%, compared to 36% in Q3 2020 and 37% in Q2 2021.
- The EBIDTA loss was reduced from SEK 3.6 million in Q3 2020 to SEK 2.9 million in Q3 2021. As a percentage of revenue, the EBIDTA loss was 15% in Q3 2021 which was lower than Q3 2020 when the EBIDTA loss was 30% of revenue.
- The Company successfully executed its TO1 warrant programme with a 99% subscription rate, raising more than SEK 30 million in gross proceeds.
- The Company paid down short term debt of more than SEK 7 million to Formue Nord and made an early repayment of €250 thousand against its term loan with InvoiceFair.
CEO Comments
The Company continued the strong operational and financial performance through Q3 2021, as we maintained our track record of consistent quarterly revenue growth, at both a quarter-on-quarter level, but also significantly compared to the prior year.
To have grown revenues at 58%, and to have done so in a cost efficient manner, is something in which I take particular pride. At the same time, we retained strong gross margins and executed on our strategy with a consistent focus on increasing recurring revenue.
Key Figures
| Key Figures (SEK ‘000s) | Q3 2021 | Q3 2020 | Q2 2021 | YTD 2021 | YTD 2020 |
| Total Revenue | 19,217 | 12,167 | 16,881 | 49,160 | 33,196 |
| Cash | 16,173 | 10,147 | 2,391 | 1,705 | 10,147 |
| EBIDTA | (2,906) | (3,641) | (1,837) | (7,630) | (7,346) |
| Gross Profit | 6,927 | 4,350 | 6,273 | 18,323 | 12,073 |
| Total Gross Margin | 36% | 36% | 37% | 37% | 36% |
Revenue for Q3 2021 was up 58% compared with Q3 2020 (prior year) and 14% compared with Q2 2021 (prior quarter). In operational currency terms, however, revenue increased by 62% compared to the prior year.
Gross Profit was up 59% in Q3 2021 compared to Q3 2020 as a result of revenue growth and consistently strong gross margins. In operational currency terms, Gross Profit increased by 63% compared to Q3 2020.
The EBIDTA loss, however, also reduced from SEK 3.6 million in Q3 2020 to SEK 2.9 million in Q3 2021. As a percentage of revenue, the EBIDTA loss was 15%, which was lower than Q3 2020 when the EBIDTA loss was 30% of revenue.
For further information, please contact:
John O’Connor, CEO, +353 871 218 907, john@kollect.ie