PDF
File
Kurs & Likviditet
Beskrivning
| Land | Danmark |
|---|---|
| Lista | First North Denmark |
| Sektor | Informationsteknik |
| Industri | Programvara |
Relesys A/S | Interim financial report Q3 2023
Company Announcement No. 10-2023
Copenhagen, November 29[th], 2023
Third quarter period: July 1, 2023 - September 30, 2023
Relesys achieved an Annual Recurring Revenue (ARR) of DKKm 54.8 and executed the third quarter of the financial year in accordance with the plan. Current financial guidance remains unchanged.
Summary of Q3 2023:ARR increased from DKKm 40.2 in Q2 2022 to DKKm 54.8 in Q2 2023, corresponding to 36% year-on-year growth.
NRR in the last twelve months was 106%.
ARR net uplift in the last twelve months was 10%.
ARR churn in the last twelve months was 4%.
Revenue grew from DKKm 10.9 in Q3 2022 to DKKm 14.5 in Q3 2023, corresponding to 33% year-on-year growth.
The cash balance at the end of Q3 2023 was DKKm 26.2. Free Cash Flow Multiple last 12 months was
-0.5. The cash balance of DKKm 26.2 is considered sufficient to take Relesys to a positive cash flow.
During Q3 2023, Relesys continued to concentrate efforts on enterprise size clients and Relesys is proud to have been able to roll out a group wide solution with NorgesGruppen. The rollout is expected to conclude in Q4 2023 after less than nine months. When fully rolled out, the solution will support 40,000 users across five apps for KIWI, MENY, ASKO, Kjøpmannshuset and Gigaboks. The initial delivery includes the Essential, Communication and Security Pro modules.
[A screenshot of a computer
Description automatically generated]
FINANCIAL GUIDANCE 2023:
For 2023, Relesys expects continued growth in both ARR and Revenue. Guidance remains unchanged with ARR of DKKm 59-64 and Revenue of DKKm 54-60 by the end of 2023. This is unchanged from what was presented in the H1 2023 announcement.
[A table with numbers and text
Description automatically generated]