Penneo realises 53% year-on-year ARR growth rate in 2021-Q3
Company Announcement No. 26-2021Copenhagen, 25 November 2021 Financial report for the period 1 July 2021 - 30 September 2021 Key features 2021-Q3 · Annual Recurring Revenue (ARR) increased 53% to 50.2M DKK end of 2021-Q3 from 32.7M DKK end of 2020-Q3 · Net ARR retention rate amounted to 124%. ARR churn rate amounted to 3% in 2021-Q3 · ARR from new customers increased by 1.4M DKK in 2021-Q3 which is 17% higher than 1.2M DKK in 2020-Q3 · Average Revenue Per Account (ARPA) increased by 24% compared to 2020-Q3 · EBITDA amounted to negative 13.5M DKK as a result of the