Bambuser First-Quarter Revenue Growth Accelerates to +206% Year on Year
Bambuser reported a strong quarter with the Annual Recurring Revenue (ARR) trajectory continuing on a steady and healthy upward curve. At the end of Q1, ARR amounted to 105.2 MSEK, growing +131% compared to last year. The quarterly sales increase was +206%, amounting to 51.1 MSEK (16.7).
In Q1, Bambuser focused on strengthening existing partnerships. LVMH added the One-to-One solution to their current Master Agreement, an example of how Bambuser can both cross- and upsell existing partnerships. Bambuser also initiated a global reseller program, Value Added Reseller (VAR), for hand-picked, strategic partnerships to grow smarter, focusing on cost-effectiveness and revenue growth. The first VAR partnership was made with the global outsourcing leader, transcosmos inc., making Bambuser's solutions available to +2,500 customers worldwide.
The interim report is published at ir.bambuser.com.
First quarter of 2022 (January – March 2022)
- Steady growth in Annual Recurring Revenue (ARR) increasing 131% YoY to 105.2 MSEK (45.6).
- The quarterly Sales increase +206% amounting to 51.1 MSEK (16.7)
- Adjusted EBITDA amounted to –41.6 MSEK (–21.9), resulting in an adjusted EBITDA margin of -71% compared to -103% last year.
- Operating income amounted to –50.5 MSEK (–55.4)
- Earnings per share amounted to –0.24 SEK (–0.27)
- Ending the quarter with a healthy cash position at 492 MSEK (745). Cash flow from operations amounted to -40.0 MSEK (-30.1).
Comment from CEO, Maryam Ghahremani
“Bambuser reported strong Q1 results with triple-digit growth, reflecting strength in enterprise revenue. While increasing ARR growth to +131% YoY, we also continue to focus on improving our margins and to enable long-term growth prospects. We are investing strategically to further position Bambuser as the long-term category leader in this large and early market.”
As a future-facing, environmentally conscious company, Bambuser AB has decided not to print the Year-End 2021 report. A printout can be distributed to shareholders upon request.
