Clavister Q3 2021: Recurring revenues up 24%, positive EBITDA
November 11, 2021, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions, released its latest quarterly report for 2021.
“We continue to grow our recurring revenues, up by 24% year-on-year in the third quarter. This is in line with our strategic direction of shifting to a pre-dominantly recurring revenue business model. Strong gross margin of 87% combined with controlled OPEX provided for positive EBITDA in the quarter.”
John Vestberg, President and CEO
The Third Quarter
- Order Intake amounted to 26.5 (35.1) MSEK.
- Net Sales amounted to 33.1 (39.4) MSEK. FX adjusted Net Sales amounted to 33.5 (40.2), a decrease of 6.7 MSEK.
- Gross Profit amounted to 29.6 (37.7) MSEK, corresponding to a gross margin of 86.7 (90.6) %.
- EBITDA amounted to 2.6 (9.1) MSEK.
- EBIT amounted to -6.5 (1.3) MSEK.
- Net Profit amounted to -16.6 (-10.0) MSEK and earnings per share to -0.30 (-0.39) SEK.
- Operating Cash Flow amounted to -23.6 (-14.3) MSEK.
The full quarterly report can be found at the company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2021-2/
At 09:00 CET, November 11, Clavister’s CEO, John Vestberg and CFO, David Nordström will be presenting the quarterly results in a live websession. Following the presentation, the audience will be given the opportunity to ask John and David questions in the Q&A session. Register at https://www.clavister.com/company/investor-relations/financial-reports/2021-2/
For additional information regarding this press release, please contact:
John Vestberg, President and CEO, +46(0)660-29 92 00 or [email protected]
About Clavister
Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers in more than 150 countries; Communication Service Providers, Governments, Enterprises and Managed security service providers (MSSPs). The stock, Clavister Holding AB, is listed at Nasdaq First North. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: [email protected]).
