Brief: Safeture Q3 Loss After Financials And Minority Share At SEK 3.3 Mln

Safeture AB

20/10/2020 07:11

Oct 20 (Reuters) - Safeture AB  SFTR.ST :
    * STRONG RECURRING REVENUE AND ZERO CHURN DRIVE GROWTH
    * Q3 WAS STRONGER THAN EXPECTED
    * CUSTOMER CHURN WAS ZERO AND RECURRING REVENUE JUMPED 30
PERCENT
FROM Q2, WHILE REVENUE INCREASED 35 PERCENT FROM Q3 LAST YEAR
    * ANNUAL RECURRING REVENUE (ARR) BY END OF Q3 WAS 22,5 MSEK,
WHICH
REPRESENTS A +45% YEAR-ON-YEAR GROWTH
    * CORE BUSINESS REVENUE FOR Q3 GROWS 35% TO 5,6 MSEK OF
WHICH 85%
DERIVES FROM RECURRING REVENUE
    * Q3 LOSS AFTER FINANCIALS AND MINORITY SHARE FOR GROUP
AMOUNTED
TO -3 308 (-4 522) TSEK, AN IMPROVEMENT OF +1 214 TSEK (+27%) VS
Q3 LAST YEAR

Source text for Eikon:  ID:nWkr2bw415 
Further company coverage:  SFTR.ST 

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