At the end of the second quarter of 2022, Vertiseit's annual recurring SaaS revenue (ARR) amounted to SEK 125 million, an increase of 101 percent compared to the previous year. The organic ARR growth amounted to 21 percent. Sequentially, ARR grew by 56 percent compared to the previous quarter. Compared to the previous year, net revenue increased by 182 percent, of which 54 percent organically. Adjusted for non-recurring costs related to acquisitions, EBITDA amounted to SEK 8 million. During the period, Vertiseit completed the public offer to the shareholders of MultiQ International AB.
THE QUARTER APRIL – JUNE 2022
At the end of the quarter, annual recurring revenue (ARR) amounted to SEK 125.0 million (62.1), an increase of 101 percent compared to the previous year. Recurring revenue (SaaS) for the quarter increased by SEK 19.5 million to SEK 32.4 million (12.9).
Sequentially, annual recurring revenue (ARR) grew by 55.7 percent (76.7) compared to the previous quarter. Adjusted for acquisitions, ARR increased organically by 21.4 percent compared to the previous year.
Net revenue increased by 182 percent to SEK 78.9 million (28.0). Adjusted for acquisitions, organic revenue growth amounted to 53.7 percent compared to the previous year.
Adjusted for non-recurring costs related to acquisitions, earnings before depreciation (EBITDA) amounted to SEK 8.4 million (4.0) and the adjusted EBITDA margin to 10.7 percent (14.4). Unadjusted, earnings before depreciation (EBITDA) amounted to -0.9 MSEK (2.0), and the EBITDA margin to -1.2 percent (7.2).
Profit for the quarter amounted to -7.1 MSEK (0.1). Earnings per share before and after dilution amounted to SEK -0.08 and SEK -0.08 respectively (-0.03 and -0.03 respectively).
THE PERIOD JANUARY – JUNE 2022
Recurring revenue (SaaS) increased by SEK 19.5 million to SEK 32.4 million (12.9).
Net revenue increased by 192 percent to SEK 133.3 million (45.6). Adjusted for acquisitions, organic revenue growth amounted to 77.3 percent compared to the previous year.
Adjusted for non-recurring costs related to acquisitions, earnings before depreciation (EBITDA) amounted to SEK 19.0 million (6.5) and the adjusted EBITDA margin to 14.3 percent (14.3). Unadjusted, earnings before depreciation (EBITDA) amounted to SEK 7.9 million (4.5), and the EBITDA margin to 5.9 percent (10.0).
Profit for the period amounted to -4.7 MSEK (1.3).
Earnings per share before and after dilution amounted to SEK 0.12 and SEK 0.11 respectively (0.08 and 0.07 respectively).
COMMENT FROM CEO JOHAN LIND
"We continue our growth journey under profitability and perform a strong quarter in all segments. Our important key figure ARR grew organically at an annual rate exceeding 20 percent and by just over 100 percent when we include the acquisition of MultiQ which was completed during the quarter. Adjusted for acquisition costs, the EBITDA margin amounted to 11 percent for the quarter. With SEK 125 million in total ARR, we are now in a strong position for continued growth," comments Johan Lind, CEO of Vertiseit.
EVENTS DURING THE QUARTER
On April 29, Vertiseit announced the outcome of the public takeover offer to the shareholders of MultiQ, meaning that after the offer was completed, Vertiseit held approximately 95.3 percent of the number of shares and votes in MultiQ.
Grenspecialisten and Alcur Fonder acquired additional shares in Vertiseit during the quarter in connection with the outcome of a warrant program for employees in the company.
INVESTOR PRESENTATION Vertiseit invites you to an investor presentation where Johan Lind, CEO, and Jonas Lagerqvist, CFO, present the company's interim report for the second quarter of 2022. In connection with the presentation, there is an opportunity to ask questions. The presentation will be held in Swedish.
Time: July 27, at 11 a.m Participation: To join the presentation - click here
Vertiseit AB (publ) is a Sweden-based technology company. It provides proprietary digital solutions to the retail industry with a focus on customers in the trade and service sectors, particularly on the in store customer experience. It operates through three business areas: SaaS (software as a service), Agency and Systems. The SaaS area covers licensing of the Company's software platform, monitoring, maintenance and support services, among others. The Agency area offers a range of customizable services, including strategy, concept, project management, content, design, development and system integration, among others. The System area offers both infrastructure and technology, such as displays, media players and other technical equipment and configuration in addition to feasibility study, installation, documentation, maintenance and exchange services, among others. The Company operates with its subsidiary globally.
VERTISEIT AB 
