For the second consecutive quarter, Bambuser skilled its finest outcomes since inception. In addition to sturdy international demand, the corporate continues to develop its relationships with giant enterprises and conglomerates, leading to a gross sales carry of +664 p.c. During the quarter, Bambuser noticed an rising variety of contracts with phrases of 12 to 36 months, whereas additionally changing present pilot and proof of idea agreements to long-term agreements. As a end result, the Company noticed a big enhance in month-to-month recurring income (MRR), which grew +263 p.c in comparison with Q2 2020. The interim report has now been printed and could be discovered at bambuser.com/ir.
During Q2 2021, Bambuser made appreciable enhancements to its product providing, whereas additionally releasing a lot of characteristic updates and new capabilities to make sure the platform stays essentially the most feature-rich, safe, compliant and user-friendly platform available on the market. Among essentially the most notable of those enhancements is the launch of Social Multistreaming, which permits retailers to leverage social platforms’ energy for discovery on the similar time they supply a seamless, safe and on-brand procuring expertise.
Second quarter of 2021 (April – June 2021)
Monthly Recurring Revenue (MRR) amounted to 4.61 MSEK (1.27), a rise of +263%
Total contract worth (TCV) of recent buyer agreements grew by +664% to 70.3 MSEK (9.2), of which 54.1 MSEK is assured income. The TCV for Q2 consists of a number of agreements with an activation date beginning in Q3, therefore that recurring license income for these agreements can be mirrored within the MRR beginning Q3.
Total Revenue amounted to 34.8 MSEK (6.8) whereof web gross sales amounted to 27.3 MSEK (5.4), a rise of +411%
Adjusted EBITDA amounted to –26.9 MSEK (–4.9)
Earnings per share amounted to –0.21 SEK (–0.83)
Cash and money equivalents amounted to 613.5 MSEK (145.4) at finish of interval
First half of the 12 months (January – June 2021)
Total contract worth (TCV) of recent buyer agreements grew by +748% to 100.1 MSEK (11.8)
Total Revenue amounted to 56.1 MSEK (9.5) whereof web gross sales amounted to 44.0 MSEK (7.2), a rise of +514%
Adjusted EBITDA amounted to –48.8 MSEK (–11.3)
Earnings per share amounted to –0.49 SEK (–0.11)
Cash movement from operations amounted to –43.9 MSEK (–13.2)
A remark from CEO Maryam Ghahremani“As we shut the books for Q2, all our key metrics level in the precise path. The complete contract worth is up by +664% whereas our MRR is up by +263% in comparison with the identical interval final 12 months. Last quarter, I wrote that we had efficiently transformed a number of proof-of-concept agreements (POC) into long-term agreements. I’m joyful to substantiate that this development is continuous. Today, most of our agreements run for 12 months. However, throughout the second quarter, we’ve additionally begun signing agreements with durations of 24 and 36 months.”
For environmental and price causes, Bambuser AB has determined to not print the report. A printout could also be distributed to shareholders upon request.
This disclosure accommodates info that Bambuser is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The info was submitted for publication, by way of the company of the contact particular person, on August 20, 2021, 07:00 CEST.
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