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    RISMA   DK0061534377

RISMA SYSTEMS A/S

(RISMA)
Delayed Quote. Delayed Nasdaq Copenhagen - 01/21 04:52:30 am
6.52 DKK   +0.15%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

RISMA announces financial figures for Q3 2021 and confirms 70% growth expectations for 2022

11/19/2021 | 01:26am EST

Company Announcement No. 15-2021 

Copenhagen, November 19, 2021

Financial report Q3 2021 - attached 

 

As of 30 September 2021, RISMA had an ARR of 14.5 million DKK, which corresponds to the ARR-level that RISMA, in its initial guidance for 2021, estimated for 31 December 2021. RISMAs growth is, thereby, progressing faster than expected. In June, RISMA raised year-end expectations to 15.0-15.4 million DKK, which is still the expectation.

While at this stage still subject to uncertainty, the current ARR expectation for 31 December 2022 remains as communicated in connection with the IPO, i.e. in the interval 25-28 million DKK.

The key assumptions for the 2022 growth expectations are:

  • RISMA shifts from a product first strategy to a growth strategy.
  • The sales organization has been strengthened, including the addition of eight full-time sales employees during 2021. Furthermore, a significantly stronger partner network is now in place.
  • The Norwegian and Swedish sales teams are expected to start contributing to ARR growth as from no later than January 2022.
  • As the customers´ GRC work matures, many disregard point solutions in favor of multi-disciplin solutions.
  • The competitive landscape primarily consists of point solutions - a market dynamic we do not expect to change in the foreseeable future. 

 

Update on compliance dashboard
As previously communicated in the half year statement for H1 2021, RISMA is continuing work on the RISMA compliance dashboard targeted at senior executives at RISMA clients, enabling a multi-disciplin compliance overview across all RISMA product offerings. The development is proceeding according to plan, and the service is expected to launch during Q1 2022.

RISMA will to the best of our knowledge be the first GRC-software provider offering this overview.

 

Update on partnerships
Today, RISMA has signed a partner agreement with another assurance and advisory company. It is part of RISMAs strategy to service advisory and assurance companies of any kind as partners. This is also an important step to scale our business.

With this partnership, RISMA has to date signed five partnerships in 2021, compared to one in 2020. These partnerships are presently considered adequate. We may, however, sign a few more partnerships in 2021. In 2022 focus will mainly be on development of exiting partnerships.

 

Further Information
Lars Nybro Munksgaard, CEO & Founder
Mobile (+45) 31 48 11 00
e-mail: lnm@rismasystems.com
RISMA Systems A/S
Ejby Industrivej 34-38, 2600 Glostrup, Denmark

Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
Direct (+45) 35 27 50 11, Mobile (+45) 31 79 90 00
Grant Thornton
Stockholmsgade 45, 2100 Copenhagen Ø, Denmark

About Risma Systems A/S

RISMA is a leading SaaS company helping organizations structure, handle, and document their efforts across the business-critical areas of Governance, Risk, and Compliance. RISMA’s unique and user-friendly GRC Suite makes cross-organizational collaboration easy to demonstrate and report on regulations and standards such as GDPR & Privacy, ISMS, Risk Management, Financial Controls, ESG and sustainability – and much more. RISMA is listed on Nasdaq First North with a mission to become a leading GRC platform for medium and enterprise businesses and organizations.

 

Attachments

  • Download announcement as PDF.pdf
  • RISMA Systems Quarterly Report Q3 2021.pdf

© Ritzau Denmark, source Ritzau English Regulatory Releases

Stocks mentioned in the article
ChangeLast1st jan.
RISMA -0.04% 115.95 End-of-day quote.5.65%
RISMA SYSTEMS A/S 0.15% 6.52 Delayed Quote.-8.17%
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Financials
Sales 2020 13,0 M 1,98 M 1,98 M
Net income 2020 -7,06 M -1,07 M -1,07 M
Net cash 2020 3,37 M 0,51 M 0,51 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 118 M 18,0 M 17,9 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 17
Free-Float -
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Managers and Directors
Lars Nybro Munksgaard Chief Executive Officer & Director
Thomas Hermann Chief Financial Officer
Lars Ankjer Jensen Chairman
Nocolai Ascanius Chief Information Officer
Thomas Nielsen Independent Director