Kollect on Demand Holding AB (publ) issues a trading update for Aug 2021
Kollect increases total revenue by 63% year-on-year.
Key Figures
| AUG-21 | AUG-20 | VARIANCE | JUL-21 | VARIANCE | |||
| TOTAL REVENUE | SEK 6.2M | SEK 3.8M | 63% | SEK 6.7M | -11% | ||
| TOTAL GROSS MARGIN | 37% | 35% | 2% | 39% | -2% |
Total Revenue increased by 63% compared to the prior year.
Recurring Revenue Activities
Recurring revenues in Aug 2021 were 51% higher than recurring revenues for Aug 2020.
Non-Recurring Revenue Activities
Non-recurring revenues grew by approximately 80% compared to Aug 2020 revenues.
Gross Margin
The Company achieved a gross margin of 37% at a consolidated level in the month. This was broadly in line compared to the prior month and compared to the gross margin in Aug 2020 it is an increase of 2 percentage points.
Other key events
As announced on Aug 24, approximately 98.7 of the outstanding warrants of series TO1 were exercised and the Company received approximately SEK 30.2 million before issuing costs.
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