Brief: Penneo Expects To Reach ARR Exceeding Overall Cost Base At End Of 2024

Penneo A/S

23/05/2024 07:10

May 23 (Reuters) - Penneo A/S  PENNEO.CO :
    * CONTINUES TO ASSUME GROWTH IN ARR AND GUIDES ARR AT LEVEL
OF
105-112M DKK AT END OF 2024
    * CONTINUES TO ASSUME 2024 EBITDA AT A LEVEL BETWEEN 5M DKK
TO 10M
DKK.
    * AT END OF 2024, WE EXPECT TO REACH A POSITION WHERE OUR
ARR WILL
EXCEED OUR OVERALL COST BASE
    * TO ACHIEVE AT LEAST A CASH NEUTRAL STATUS ON A YEARLY
BASIS BY
2025 ACCORDING TO OUR CURRENT PROJECTIONS.

Source text for Eikon:  ID:nWkr6TlZW 
Further company coverage:  PENNEO.CO 

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