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    BUSER   SE0009663834

BAMBUSER AB (PUBL)

(BUSER)
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Delayed Nasdaq Stockholm  -  11:29 2022-08-10 am EDT
5.500 SEK   -3.25%
07/28Bambuser - Growth but lack of leverage in profitability
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07/27Bambuser AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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07/27Bambuser continued strong business momentum in the second quarter with ARR growth of 118% year on year
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Bambuser and LVMH signs 3-year renewal of Master Agreement

06/23/2022 | 06:46am EDT

Stockholm - 23 June 2022 - Bambuser today announced it has signed a renewal of the Master Agreement with LVMH Moët Hennessy Louis Vuitton (LVMH). The Master Agreement includes the One-to-One and the One-to-Many solutions from the Bambuser product suite. LVMH is extending the existing agreement for 3 years, the maximum duration of time the group sign vendor agreements.

The extension comes only a few months after LVMH added the One-to-One solution to the existing agreement after many successful Live Video Shopping pilots by selected LVMH Maisons. The extension also strengthens the partnership between Bambuser and LVMH and will allow LVMH to keep pioneering in the video commerce sphere.

Following today's extension of the Master Agreement, Bambuser's Live Video Shopping solutions are now available to all LVMH's Maisons. Bambuser's product suite is a cloud-based software solution used by global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps, and social media. 

"We are honoured to renew the Master Agreement with LVMH, and beyond excited that the Maisons of LVMH will continue to pioneer live video commerce. We strongly believe that they will create an industry standard by offering innovative One-to-Many and One-to-One video shopping experiences as a compliment to physical retail and traditional e-commerce,” says Maryam Ghahremani, CEO at Bambuser.

© Modular Finance, source Nordic Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
BAMBUSER AB (PUBL) -3.25% 5.5 Delayed Quote.-64.99%
LVMH MOËT HENNESSY LOUIS VUITTON SE 1.55% 690 Real-time Quote.-5.09%
All news about BAMBUSER AB (PUBL)
07/28Bambuser - Growth but lack of leverage in profitability
AQ
07/27Bambuser AB Reports Earnings Results for the Second Quarter and Six Months Ended June 3..
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07/27Bambuser continued strong business momentum in the second quarter with ARR growth of 11..
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06/27Bambuser awarded Best ISV Innovation Partner 2022 by Salesforce
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06/23Bambuser and LVMH signs 3-year renewal of Master Agreement
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06/23Bambuser and LVMH Moët Hennessy Louis Vuitton Sign 3-Year Renewal of Master Agreement
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05/03Bambuser - Soft quarterly financials but encouraging ARR data
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05/01Bambuser AB Reports Earnings Results for the First Quarter Ended March 31, 2022
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Financials
Sales 2022 216 M 21,5 M 21,5 M
Net income 2022 -230 M -22,9 M -22,9 M
Net cash 2022 348 M 34,7 M 34,7 M
P/E ratio 2022 -5,50x
Yield 2022 -
Capitalization 1 144 M 114 M 114 M
EV / Sales 2022 3,68x
EV / Sales 2023 3,56x
Nbr of Employees 226
Free-Float 74,7%
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Number of Analysts 0
Last Close Price 5,50 SEK
Average target price 6,50 SEK
Spread / Average Target 18,2%
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Managers and Directors
Maryam Ghahremani Chief Executive Officer
Sara Lundell Chief Financial Officer
Joel-Tomas Citron Chairman
Martin Storsj÷ Co-Chief Technology Officer
David Salmon Chief Technology & Product Officer
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