Relesys: Another quarter with strong growth ahead - ABG
• H1e: 40.5% y-o-y ARR growth
• New major customer win a possibility; cash burn to continue
• Lifting '23e-'25e ARR by ~1%, FVR to DKK 3.2-8.5 (3.7-8.3)
H1e: another strong quarter with 40.5% y-o-y ARR growth
Relesys will report H1 on 29 August. We expect another strong quarter and forecast H1e ARR of DKK 53.7m or 40.5% y-o-y growth, driven by 4.0% churn, a 20.0% uplift, and new sales of 24.5%. We expect H1e revenues of DKK 26.6m and adj. EBITDA of DKK -10.9m
Länk till analysen i sin helhet: https://cr.abgsc.com/contentassets/cee0df9ea08b45b393860ff39c07dea2/pdf/another-quarter-with-strong-growth-ahead.pdf