Brief: Samesystem Q3 Loss Narrows To DKK 9 Mln

SameSystem A/S

19/09/2022 07:19

Sept 19 (Reuters) - Samesystem A/S  SAMES.CO :
    * REPORTS 33.2% YEAR-ON-YEAR ARR GROWTH IN Q3 FY2021/22 AND UPDATES OUTLOOK GUIDANCE
    * OUTLOOK FY2021/22: ARR NOW SEEN AT 55.0M (PREVIOUS VIEW: 59.5M)
    * DELIVERED DKK 3.9M ARR GROWTH IN Q3
    * HAS BEEN THROUGH THREE QUARTERS WITH NUMBER OF CHANGES CAUSED BY TOO AGGRESSIVE GROWTH
STRATEGY
IN 2020-2021
    * IS MOVING INTO PHASE OF INVESTING MORE FOCUSED, IN MARKETS WITH BEST GROWTH OPPORTUNITIES,
ALONGSIDE BECOMING CASH NEUTRAL
    * FOCUS WILL GOING FORWARD BE ON DELIVERING STRONG OPERATIONAL PERFORMANCE, BEST-IN-CLASS
CUSTOMER
SERVICE ACROSS OUR FOOTPRINT
    * Q3 REVENUE DKK 11.1 MILLION VERSUS DKK 8.8 MILLION YEAR AGO
    * Q3 OPERATING LOSS DKK 9.2 MILLION VERSUS LOSS DKK 10.3 MILLION

Source text for Eikon:  ID:nWkr53Yd6l 
Further company coverage:  SAMES.CO 

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