At the end of the fourth quarter of 2023,
THE QUARTER OCTOBER - DECEMBER
- At the end of the quarter, the Annual Recurring Revenue (ARR) amounted to MSEK 160.8 (137.7), representing a 17.0 percent increase compared to the previous year at fixed exchange rates. SaaS (Software as a Service) revenue for the quarter increased by MSEK 5.0 to MSEK 42.9 (37.9), adjusted for the divested ITS operations.
- Sequentially, ARR grew by 5.5 percent compared to the previous quarter at fixed exchange rates, equivalent to an annual organic growth rate of 23.9 percent.
- Net revenue decreased by 11.6 percent to MSEK 87.4 (98.9), as a result of the divestment of the ITS business conducted during Q3 2023.
- Earnings before depreciation and amortisation (EBITDA) amounted to MSEK 20.5 (12.1) and the EBITDA margin to 23.5 percent (12.3). There were no extraordinary items during the quarter that required adjustment of EBITDA.
- The quarter's profit amounted to MSEK 5.7 (8.0).
- Free cash flow during the quarter amounted to MSEK 0.8 (16.8). Available liquidity at the end of the period amounted to MSEK 53.0 (62.5).
- Earnings per share, before and after dilution, amounted to
SEK 0.28 andSEK 0.25 (0.40 and 0.35) respectively.
EVENTS DURING THE QUARTER
- During the quarter, the subsidiary Dise signed a global license agreement for Digital In-store with partner
Scientific Games LLC , with minimum contracted SaaS revenue exceeding MSEK 20.5 during the five-year contract period.
The Board's proposal to the Annual General Meeting 2024 is that no dividend shall be distributed to shareholders for the fiscal year 2023, in line with the company's financial goals.
EARNINGS CALL
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