Brief: Pexip Q3 Negative EBITDA Of NOK 40.5 Million

Pexip Holding ASA

11/11/2021 15:34

Nov 11 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * PEXIP Q3 2021 - SOLID GROWTH DRIVEN BY SALES TO PUBLIC
SECTOR
ORGANIZATIONS
    * SUBSCRIPTION BASE MEASURED IN ANNUAL RECURRING REVENUE
(ARR)
REACHED USD 99.8 MILLION IN Q3 2021, UP FROM USD 72.8 MILLION IN
Q3 2020
    * Q3 REVENUES AT NOK 183 MILLION, 35% GROWTH YEAR-ON-YEAR
    * Q3 EBITDA AT NEGATIVE NOK 40 MILLION, DEVELOPING AS
EXPECTED,
AND IN LINE WITH INVESTMENT PLAN AND STRATEGY
    * COMPANY EXPECTS ABOVE 25% EBITDA-RATE IN 2025 TOGETHER
WITH
REVENUE GROWTH ABOVE 25%
    * PEXIP IS TARGETING 550-600 EMPLOYEES BY END OF 2021.
    * EBITDA IN Q3 WAS NEGATIVE NOK 40.5 MILLION, REFLECTING A
NEGATIVE 22% MARGIN, DOWN FROM NEGATIVE NOK 23.8 MILLION IN Q3
2020

Source text for Eikon:  ID:nWkr5WGF9x 
Further company coverage:  PEXIP.OL 

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