Analyser av Briox

Briox: Maintaining a high growth rate in Q3 - ABG

ARR increased by 7% q-o-q and 55% y-o-y Sales 5% below, and costs 5% higher vs.

Slight miss from lower sales and higher personnel costs.

ARR of SEK 14.3m, up 52% y-o-y in Q1'23 Costs kept up with revenue growth We trim '23e EBITDA to SEK -13.

A report in line with expectations Briox's Q4 had high growth and stable opex.

ARR of SEK 11m in Q3, up 47% y-o-y We cut 2022e sales by 6% on the slightly soft Q3 Share trading at 15x-12x EV/sales on ’23e-’24e Sales up...

ARR crossed SEK 10m in Q2, up 44% y-o-y Ests: slightly lower sales ‘22e, higher product dev.

Sales +29% y-o-y (+4% vs. ABGSCe), ARR +30% y-o-y ’21-‘23e sales raised by 2%, 6%, and 1% ‘21e, ‘22e and ‘23e EV/sales of 39x, 23x, and 17x ...