Interim Report - Q2 2022
- Annual recurring revenue (ARR) growth of 29% to 37,3 MSEK.
- Recurring revenue amounts to 8,7 MSEK compared to 6,5 MSEK last year (+33%).
- Gross margin % in Q2 improves to 73%.
- Operative result improves with +1,3 MSEK compared to last year. Bottom-line result at -48% of net sales compared to -85% one year ago.
Summary of Interim Report
The Group
First six months (2022-01-01 to 2022-06-30)
- Net revenue amounted to 17 013 (12 723) TSEK, an increase of +33,7% compared to the same period last year.
- Loss after financials amounted to -8 957 (-12 817) TSEK.
-
Loss per share before dilution amounted to -0,30
(-0,46) SEK . -
Loss per share after dilution amounted to -0,28
(-0,43) SEK .
Second quarter (2022-04-01 to 2022-06-30)
- Net revenue amounted to 8 861 (6 600) TSEK, an increase of +34,3% compared to the same period last year.
- Loss after financials amounted to -4 292 (-5 648) TSEK.
-
Loss per share before dilution amounted to -0,14
(-0,19) SEK . -
Loss per share after dilution amounted to -0,14
(-0,17) SEK . - The solidity amounted to 47,3 (67,6) %.
SaaS Traction
Second quarter (2022-04-01 to 2022-06-30)
- Annual recurring revenue (ARR) at the end of Q2 2022 reached 37 289 (28 865) TSEK, a year-on-year increase of +29%.
- Recurring revenue increased 33% to 8 662 (6 521) TSEK, which represents 98% (99%) of the quarterly revenue.
- Churn for the quarter was 1,0%.
- Net revenue retention was 101,6%.
Significant events during the second quarter, 2022.
No significant events during the quarter
Message from the CEO
"
The second quarter of 2022 was yet another quarter with continued macro turbulence, from the stock markets rocking to the disheartening developments in
Delivery in line with targets
Our expectations for the second quarter were lower than normal due to the situation in
Keeping momentum
Noteworthy new partners and customers for the quarter were French market leader and security provider Amarante and the Finnish defense industry company Patria.
Additions to offering
From a platform perspective we have rolled out two product launches in the second quarter. Earlier we have communicated the importance of the platform to become "risk intelligence agnostic", and during the second quarter we launched the functionality of adding different risk intelligence sources to the platform. The new functionality emphasizes the strength of our dynamic platform and enable us to facilitate our customers' day to day work. The second release was to increase usability, by creating a partner dashboard, where our partners efficiently can manage all their clients in one view. The new dashboard has already received a lot of appreciation from our partners and throughout the remainder of the year several launches to further strengthen our partner positioning will be released.
On the road again
We are entering the third quarter with a good feeling. We anticipate a slower start in the quarter, but the pace will pick up again in September when the trade fair season starts. Mid-September,
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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
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