Second quarter and first half year financial highlights
Quarter in review
- Q2 Recognized revenue increased by 42 per cent to
DKK 7.6M (Q2 2020:DKK 5.4M ). The growth was driven by a consistent performance on Subscription revenue while Commission revenue grew +200 per cent mainly rooted in a high increase in RPM.
- Revenue on a constant currency basis increased by 52 per cent to
DKK 8.0M (Q2 2020:DKK 5.3M ).
- The gross profit on a constant currency basis increased by 38 per cent to
DKK 5.7M (Q2 2020:DKK 4.1M ) at a gross margin of 72 percent (Q2 2020: 79 per cent).
- Q2 Consumer connections increased by 4 per cent to 413M (Q2 2020: 397M) largely deriving from an uptake in platform activity.
- In Q2 last year consumer connections increased by 133 per cent compared to the same quarter the year before, following the outbreak of covid-19. We managed to maintain and further grow the high traffic volume in Q2 2021.
- RPM grew by 236 per cent to
DKK 5.62 (Q2 2020:DKK 1.67 ).
- Earnings are extraordinarily affected by expenses totalling
DKK 5.6M related to the completion of the initial public offering on Nasdaq First North Premier Growth Market inStockholm .
Financial highlights of the first half year
- In the first six months of 2021, recognized revenue grew by 44 per cent to
DKK 15.1M (YTD 2020: 10.4M).
- Revenue on a constant currency basis grew by 54 per cent to
DKK 15.6M (YTD 2020:DKK 10.1M ). All revenue growth is attributed to organic growth.
- In the first six months of 2021, gross profit on a constant currency basis increased by 47 per cent to
DKK 11.3M (Q2 2020:DKK 7.7M ) at a gross margin of 72 per cent (Q2 2020: 76 per cent).
- Consumer connections increased by 12 per cent to 767M (YTD 2020: 683M).
- RPM grew by 215 per cent to
DKK 6.20 (YTD 2020:DKK 1.97 )
Lars Ettrup, CEO, comments:
“The second quarter showed satisfying financial results, demonstrating steady progress in delivering on our strategy as well as our long-term vision to empower entertainment discovery everywhere. We achieved continued growth throughout the business with revenue growing by 52 per cent to
It is a strategic priority for
Webcast with teleconference:
Today,
Speakers:
Lars Ettrup, CEO
Link to webcast:
https://tv.streamfabriken.com/linkfire-q2-2021/register
Dial-in number for teleconference:
SE: +46856642704
DK: +4578723250
US: +16467224902
For further information, please contact:
Lars Ettrup, CEO,
Telephone: +45 26 88 99 53
E-mail: investors@linkfire.com
About
Certified Adviser
Aktieinvest
Telephone: +46 734 384 674
E-mail: greta.ek@aktieinvest.se
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