https://speqta.com/en/investors/financial-reports
Fourth quarter results in brief
- ARR grew by 62 %, compared to the previous year, to KSEK 61,670 (38,177). At the end of
January 2024 , the company had an ARR of KSEK 62,620 (38,548). - Net sales in the fourth quarter amounted to KSEK 14,481 (10,322), an increase of 40 %, mainly consisting of organic growth in BrightBid. Sales for the fourth quarter were, compared to the third quarter, negatively effected by approximately KSEK 2,400 by the divestment of Shopello, which had a lower gross margin and was not part of the company´s stated SaaS strategy.
- Recurring revenue amounted to KSEK 13,437 (6,971) during the quarter, an increase of 93 %.
- The EBITDA result amounted to KSEK -14,929 (-7,984). Adjusted EBITDA amounted to KSEK -14,929 (-7,984). Already executed cost synergies from the merger have only had half the effect, lowering operating costs by MSEK 1.3/month. Over the next two quarters, monthly operating costs are expected to be reduced by a further MSEK 1.3.
-
Earnings per share amounted to
SEK -0.84 (-0.60). -
Cash flow from operating activities amounted to KSEK -17,809 (-9,221). The effect of the cost synergies described above in 2024, combined with continued growth, means that
Speqta is positive about the development of cash flow going forward. - Cash and cash equivalents at the end of the period amounted to KSEK 22,321 (8,537).
- Number of customers grew to 490 (385), an increase of 27%.
Events during the quarter
Speqta has launched a new service that enables advertising onGoogle Shopping for Amazon sellers.-
The Board of Directors has invited for an extra general meeting on
November 24, 2023 . Larger shareholders have suggested Johan Rutgersson as the new Chairman of the Board. -
BrightBid released a study among marketers in the
UK , where 84% responded that they use AI tools of some kind. Speqta and the main BrightBid service have participated in five different podcasts in recent months on how to work with AI in advertising.- The Shopello business, which was not part of the stated company´s SaaS strategy, was divested which led to a negative impact on the sales development during the quarter.
Events after the quarter
- The Board appointed BrightBid's CEO
Gustav Westman as Group CEO ofSpeqta and he took up the position onJanuary 3, 2024 .Speqta 's former CEOFredrik Lindros , has been elected as an ordinary member of the Board, at the Extraordinary General Meeting ("EGM") onFebruary 2, 2024. -
The Extraordinary General Meeting on
February 2 , decided to amend the Articles of Association and adjust the share capital to a minimum of MSEK 120 and a maximum of MSEK 480, and the number of shares shall be a minimum of 24 million and a maximum of 96 million. The EGM also decided to authorise the Board of Directors to decide on the issue of shares, warrants and/or convertibles with a maximum dilution of 30 %. -
The Board of Directors will not propose a dividend to the Annual General Meeting. Previous years' dividends were due to the divestment of previous operations, which took place during the transformation to the fast-growing SaaS company
Speqta is today. -
In February a loan facility agreement of
5 million SEK has been signed by five of the company's largest shareholders. The terms for the loan facility agreement are according to market conditions.
CEO Comment
ARR-growth. In the closing quarter of 2023, I am proud to address you for the first time as
Significant synergies and cost optimizations, like removing duplicate systems, roles and suppliers, have been the cornerstones of this quarter. We've merged the two products and centralised key functions, which will financially have full impact in the first half of 2024, but the effects are already tangible. In Q4 our operating running costs per month were MSEK -1.3 lower than it was in Q3, and we're planning a further decrease of another MSEK 1.3 in monthly costs during the first half of 2024. This creates possibility for further investments in growth and Sales & Marketing. These financial enhancements together with the mentioned growth in revenues, are a testament to the strategic choices we've made, and they underscore our commitment to financial stability and building shareholder value in the long run.
My predecessor
Financial calendar
Annual Report 2023:
Interim report January - March:
Interim report January - June:
Interim report January - September:
Year-end report 2024:
This information is such information that
Contact
Johan Rutgersson
johan@dewell.se
+46 708 157 200
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