Divio releases its MRR update for Q4 2021
MRR in December 2021 reported at USD 144,000.
| 2019 | 2020 | 2021 | ||||||||||
| (KUSD) | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
| MRR | 74 | 81 | 88 | 86 | 91 | 95 | 105 | 133 | 151 | 144 | 143 | 144 |
| ARR | 888 | 972 | 1,056 | 1,032 | 1,092 | 1,140 | 1,260 | 1,596 | 1,812 | 1,728 | 1,716 | 1,728 |
Divio Technologies AB (publ) reports Monthly Recurring Revenues (“MRR”) of USD 144,000 in December 2021. This is an increase of USD 11,000 compared to the same period last year. The development of MRR remained flat compared to the same month in the previous quarter.
Jon Levin, CEO of Divio: "The last quarter of the year was intense with a focus on the sales team, the pipeline and forming partnerships to drive growth in 2022. Partnering up with IT consulting companies is part of our new strategy. Through partnerships, we can gain access to our partners’ customer bases while partners benefit from our platform and expertise in cloud infrastructure. Another essential part of the strategy is to continue to optimize and expand our sales team both in the Nordics and in Switzerland. To support sales, we hired a digital marketing expert and are investing heavily in marketing. The result has been an increase in the quantity and quality of incoming leads and also a drastic increase in visitors to our website.“
Further information will be given in the 2021 End-Year Report released on the 4th of March.
This disclosure contains information that Divio is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 3rd of February 2022, 08:00.