Litium: B2B momentum supportive of ARR growth - ABG
We cut '23e-'25e ARR by 1%
ARR growth streak untouched
EV/ARR 2.0x, NTM EV/EBITDA 15x
Q1'23 report in brief
The report was mostly in line with expectations. With respect to the numbers, Litium achieved an ARR of SEK 70.1m, corresponding to y-o-y growth of 7% (or 10% adjusted for platform migrations). As the sequential ARR growth streak continues, we are increasingly optimistic regarding the current execution of the company's long-term strategy and ability to become free cash flow-positive in the near future.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/Litium/Equity-research/2023/4/litium---b2b-momentum-supportive-of-arr-growth/