STOCKHOLM, Nov. 8, 2021 /PRNewswire/ -- Bambuser
presents yet another record quarter with strong growth. During Q3,
the Monthly Recurring Revenue (MRR) increased by + 213%, while the
Total Contract Value (TCV) grew by +1043 compared to the same
period last year. The interim report has now been published and can
be found at ir.bambuser.com.
Third quarter (July – September
2021)
- Total revenue amounted to 49.0 MSEK (12.2)
- Net Sales amounted to 41.5 MSEK (10.1), an increase of +311%
YoY
- Adjusted EBITDA amounted to –19.6 MSEK (–7.9)
- EBIT amounted to –59.9 MSEK (-9.2)
- Net income amounted to –59.8 MSEK (–9.2)
- Earnings per share amounted to –0.29 SEK (–0.06)
- Cash and cash equivalents amounted to 568.8 MSEK (349.9) at end
of period of which cash flow from operations amounted to -33.1 MSEK
(-6.8)
- Monthly Recurring Revenue (MRR) amounted to 6.0 MSEK (1.9), an
increase of +213% YoY
- Total Contract Value (TCV) grew by +1043% to 57.0 MSEK (5.0),
of which 36.4 MSEK is guaranteed revenue
- 31.5 MSEK, i.e. 55% of the total TCV, is recurring license
revenue that will be included in the MRR moving forward
Year to date (January – September
2021)
- Total revenue amounted to 105.1 MSEK (21.7)
- Net sales amounted to 85.5 MSEK (17.3), an increase of +395%
YoY
- Adjusted EBITDA amounted to –68.4 MSEK (–19.2)
- EBIT amounted to –158.1 MSEK (-22.1)
- Net income amounted to –158.1 MSEK (–22.2)
- Earnings per share amounted to –0.76 SEK (–0.13)
- Cash flow from operations amounted to –77.0 MSEK (-19.9)
- Total Contract Value (TCV) grew by +836% YoY to 157.1 MSEK
(16.8)
A comment from CEO Maryam
Ghahremani
"I am so proud that we finished the third quarter by setting
a true landmark record in the books. Our MRR grew by 213% YoY to
SEK 6 million. Q3 2021 will also go
to history as the first major test for Bambuser, as many of our
customer contracts had their first anniversary and were up for
renewal. Therefore, the MRR growth is not only a result of the
strong demand from new customers but also, and perhaps most
importantly, the excellent retention we see with our customer
base."
For environmental and cost reasons, Bambuser AB has decided not
to print the report. A printout may be distributed to shareholders
upon request.
This information is information that Bambuser AB is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact persons set out above, at 2021-11-08 08:00 CET.
Contact information
Corporate Communications, Bambuser AB | +46 8 400 160 00 |
ir@bambuser.com
Certified Adviser
Erik Penser Bank AB | +46 8 463 83 00 |
certifiedadviser@penser.se
About Bambuser AB
Bambuser is a software company specializing in interactive live
video streaming. The Company's primary product, Live Video
Shopping, is a cloud-based software solution that is used by
customers such as global e-commerce and retail businesses to host
live shopping experiences on websites, mobile apps and social
media. Bambuser was founded in 2007 and has its headquarters in
Stockholm.
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The following files are available for download:
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Bambuser Interim
Report Q3 2021
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SOURCE Bambuser