Brief: Pexip Holding Q3 EBITDA Turns To Loss Of NOK 23.8 Mln

Pexip Holding ASA

10/11/2020 15:41

Nov 10 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * REVENUE OF NOK 136.3 MILLION IN Q3 2020, UP 68% FROM Q3 2019
    * PEXIP'S SUBSCRIPTION BASE MEASURED IN ANNUAL RECURRING REVENUE (ARR) REACHED USD 72.8
MILLION IN
Q3 2020, UP FROM USD 42.8 MILLION IN Q3 2019
    * ACCELERATES ITS LONG-TERM TARGET OF USD 300 MILLION IN ARR FROM 2025 TO 2024 DUE TO STRONG
PERFORMANCE IN 2020 AND SOLID OUTLOOK
    * IN Q3, WE DELIVERED OUR BEST Q3 EVER
    * Q3 EBITDA LOSS NOK 23.8 MILLION VERSUS PROFIT NOK 13 MILLION YEAR AGO
    * TARGETS RETURNING TO NEUTRAL EBITDA IN 2023, AND ESTIMATED NEGATIVE EBITDA-RATE IN 2021
AND 2022
OF NEGATIVE 25-35%

Source text for Eikon:  ID:nObiJCz13a 
Further company coverage:  PEXIP.OL 

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