Brief: Pexip Q2 Adjusted EBITDA Loss Of NOK 98.9 Mln

Pexip Holding ASA

11/08/2022 15:33

Aug 11 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * Q2 NET LOSS -89 MILLION NOK
    * Q2 OF 2022 REVENUE OF NOK 195.0 MILLION, A GROWTH OF 10
PERCENT
YEAR-ON-YEAR
    * Q2 NEGATIVE ADJUSTED EBITDA OF NOK 98.9 MILLION EXCLUDING
ONE-OFF RESTRUCTURING COST OF NOK 26.8 MILLION.
    * TARGETS ADDITIONAL NOK 100 MILLION OF SAVINGS DURING
COMING
THREE QUARTERS
    * MAIN EFFECT COMES FROM HEADCOUNT REDUCTIONS
    * WE EXPECT TO RETURN TO POSITIVE EBITDA IN Q4 THIS YEAR
    * WE HAVE PLANS IN PLACE TO BE CASH FLOW POSITIVE OUT OF Q1
2023.
    * IN Q2 2022 PEXIP'S PEXIP'S SUBSCRIPTION BASE MEASURED IN
ARR
REACHED USD 106.1 MILLION, UP FROM USD 92.7 MILLION IN Q2 2021

Source text for Eikon:  ID:nObi1S7nga 
Further company coverage:  PEXIP.OL 

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