Bambuser Continues to Improve Free Cash Flow and Momentum with Enterprise Customers
Bambuser reports a Q2 2024 ARR of SEK 105.2 million, representing a quarter-over-quarter growth of +7% at constant exchange rates (“CER”), and an organic quarter-over-quarter growth of -2% at CER. The Adjusted EBITDA was SEK -22.5 million and the free cash flow for the quarter ended at SEK -21.1 million, both measures reflecting the effectiveness of undertaken changes towards becoming a more streamlined organization. The cash balance closed at SEK 220.0 million, which is sufficient to take Bambuser to positive cash flow.
During the quarter, Bambuser closed the acquisition of the HERO solution from Klarna, which brings the concept of personalized customer experiences to e-commerce through chat and video calls.
Bambuser continued signing several new contracts with enterprise customers in the quarter, including Audi, Luisaviaroma, and Hy-Vee.
Q2 Key highlights
- ARR of SEK 105.2 million, -14% y/y and +7% q/q growth at constant exchange rates (“CER”), an organic growth of -22% y/y and -2% q/q (“CER”).
- Net Sales SaaS of SEK 26.9 million (32.3) representing a growth of -17% y/y and +1% q/q.
- Adjusted EBITDA* of SEK -22.5 million (-34.9), representing a -84% margin, +24%p. y/y and +9%p. q/q.
- Free Cash Flow of SEK -21.1 million (-24.3), representing a -78% FCF margin, -29%p. y/y and +14%p. q/q.
- End of quarter Cash Balance of SEK 220.0 million (324.0), which is sufficient to take Bambuser to positive cash flow.
- Free Cash Flow reached its lowest burn rate to date, reflecting the effectiveness of undertaken cost-saving measures.
The full Q2 2024 report is published at https://ir.bambuser.com/report-archive
