Brief: Pexip Q1 EBITDA Loss Widens To NOK 53.1 Mln

Pexip Holding ASA

06/05/2021 15:33

May 6 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * PEXIP DELIVERS STRONG GROWTH AND EARLY MARKET TRACTION ON NEW TECHNOLOGY INNOVATION
    * ANNUAL RECURRING REVENUE (ARR) REACHED USD 87.2 MILLION IN Q1 2021, UP FROM USD 56.7
MILLION IN
Q1 2020
    * PERCENT OF RETAINED REVENUE FROM EXISTING CUSTOMERS, WAS 104% YEAR -ON-YEAR, INCLUDING
CHURN OF
9% YEAR-ON-YEAR.
    * Q1 REPORTED EBITDA NEGATIVE NOK 53.1 MILLION, REFLECTING NEGATIVE 30% MARGIN, DOWN FROM
NOK 35.8
MILLION IN Q1 2020

Source text for Eikon:  ID:nWkrb5hPGy 
Further company coverage:  PEXIP.OL 

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