Brief: Litium Q1 EBITDA Loss Narrows To SEK 1.5 Mln

Litium AB

28/04/2022 07:21

April 28 (Reuters) - Litium AB  LITIU.ST :
    * ANNUAL RECURRING REVENUE (ARR) AS OF MARCH 31, 2022
AMOUNTED TO
SEK 65.5 MILLION (SEK 55.1 MILLION AS OF MARCH 31, 2021)
    * Q1 NET SALES SEK 15.0 MILLION VERSUS SEK 12.5 MILLION YEAR
AGO
    * Q1 EBITDA LOSS SEK 1.5  MILLION VERSUS LOSS SEK 3.2
MILLION YEAR
AGO
    * Q1 STRONG GROWTH GIVEN THAT VARIABLE REVENUES HAVE BEEN
PRESSURED BY THE CHANGING CONSUMPTION PATTERNS, AN EFFECT WE
BELIEVE WILL BE TEMPORARY
    * IN ORDER TO OPTIMIZE LITHIUM'S OPPORTUNITIES FOR SCALABLE
AND
HIGH GROWTH, WHILE AT THE SAME TIME RELATING TO NEW EXTERNAL
FACTORS, WE THEREFORE CHOOSE NOT TO QUANTIFY OUR FINANCIAL GOALS
IN THE FUTURE.

Source text for Eikon:  ID:nWkr6VCM1g 
Further company coverage:  LITIU.ST 

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