Interim Report
2021 got to a good start, and we see more and more signs that the markets are picking up speed after 2020, the year that will always be remembered due to Covid-19.
Highlights for the quarter are the continued strong growth in ARR, new great clients, continued low churn but also our product development.
- Many great new clients in Q1 lead to an increase in Annual Recurring Revenue (ARR) to 27,1 MSEK, +42% growth year-on-year.
- Core platform development intensified during Q1 where the delivery of "Enhanced privacy filtering" became the most appreciated new feature.
- Churn in Q1 remained low at 1%.
Summary of Interim Report
The Group
First quarter (2021-01-01 to 2021-03-31)
- Net turnover amounted to 6 123 (4 811) TSEK, an increase of +27% compared to the same period last year.
-
Loss after financials and minority share amounted to -7 169 (-5 609) TSEK.
-
Loss per share* before dilution amounted to -0,26
(-0,24) SEK . -
Loss per share* after dilution amounted to -0,24
(-0,22) SEK . -
The solidity** amounted 77,4 (23,3) %.
Growing SaaS Traction
First quarter (2021-01-01 to 2021-03-31)
- Annual recurring revenue (ARR) at the end of Q1 2021 was 27 061 (19 080) TSEK, a year-on-year increase of +42%.
-
Recurring revenue amounted to 5 946 (4 770) TSEK, which represents 97% (99%) of the quarterly revenue.
-
Churn for the quarter was 1%.
First quarter (2021-01-01 to 2021-03-31)
- Annual recurring revenue (ARR) at the end of Q1 2021 was 27 061 (19 080) TSEK, a year-on-year increase of +42%.
- Recurring revenue amounted to 5 946 (4 770) TSEK, which represents 97% (99%) of the quarterly revenue.
- Churn for the quarter was 1%.
Amounts within brackets regard the corresponding period last year.
*Result per share: The result is divided by the average number of shares (after dilution includes average number of share options).
**Solidity: Equity divided by total assets.
Significant events during the first quarter, 2021.- On
January 25th , Safeture carried out a directed share issue of 38,6 MSEK. 4,6 million shares were issued at a price of 8,40 SEK /share. The subscribers were the US-based institutional investor Topline Capital Partners LP , Dragfast AB and Ninalpha AB .
Safeture entered into an agreement with the U.S. /EU corporation Insured Nomads, the first insurtech company focused on remote workers, digital nomads, expats, and travelers. Initially, the agreement runs for three years and gives Safeture 500+ KUSD plus additional revenue with membership growth.
Safeture partners with Dallas based corporate travel data leader Traxo. Safeture customers now can leverage Traxo travel data intelligence to quickly locate more traveling employees.
Message from the CEO Magnus Hultman :
"Continued technical development and new customers make us strong when the world restarts"
"Continued technical development and new customers make us strong when the world restarts"
2021 got to a good start, and we see more and more signs that the markets are picking up speed after 2020, the year that will always be remembered due to Covid-19.
Highlights for the quarter are the continued strong growth in ARR, new great clients, continued low churn but also our product development.
The annual recurring revenue (ARR) grew to 27,1 MSEK during the first quarter of 2021, which is a rise of 42%. The increase was primarily due to new
At
We see very clear signs that the US was first out of the recession, but
As we have highlighted previously, we are very optimistic for 2021, even though the pandemic is far from over. Spirits at
This press release is information that
Audiocast with teleconference, Q1, 2021
About
The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions,
The
For additional information, visit www.safeture.com or contact:
https://news.cision.com/safeture-ab/r/strong-arr-growth--42--and-technical-development-make-us-ready-when-the-world-restarts,c3328610
https://mb.cision.com/Main/17559/3328610/1403817.pdf
https://mb.cision.com/Public/17559/3328610/adc552ed519d7e62.pdf
https://news.cision.com/safeture-ab/i/safeture2-platform-app-iso,c2901537
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