Kollect on Demand Holding AB (publ) issues a trading update for February 2021
Kollect doubles monthly recurring revenue year-on-year, including 106% increase in BIGbin revenues compared to February 2020.
Key Figures
| FEB 21 | FEB 20 | VARIANCE | JAN 20 | VARIANCE | |||
| TOTAL REVENUE | SEK 3.7M | SEK 2.6M | 41% | SEK 3.9M | -4% | ||
| TOTAL GROSS MARGIN | 42% | 37% | 5% | 44% | -2% |
Recurring revenues in February 2021 were double the recurring revenues from February 2020, having increased by 99%.
BIGbin revenues in February 2021 were more than double those of February 2020 with an increase of 106%, however they were lower than January 2021 as a result of fewer days in the month.
Non-recurring revenues were up slightly by approximately 1% compared to February 2020 revenues, however they were down by approximately 1% compared to January 2021 revenues.
The Company maintained a gross margin above 40% at a consolidated level in the month at 42%. This was in line with the prior month, and an improvement of 5 percentage points compared to a gross margin of 37% in February 2020.
Please click on the attached PDF to read the full report.