SmartCraft ASA (SMCRT) – First quarter 2022 financial results
SmartCraft ASA | Half yearly financial reports and audit reports / limited reviews 24 May 2022 - SmartCraft ASA today reported its results for the first quarter of 2022, ending the period with annual recurring revenue (ARR) of NOK 278.9 million, which represents a 12-month growth of 36 percent. Organic growth was 21% compared to Q1 2021, 7% compared to Q4 2021. Revenue in Q1 2022 was 79.1 million (+33% Y/Y), of which 95 percent was recurring. SmartCraft's adjusted EBITDA increased by 31.5 percent in Q1 2022 compared to Q1 2021, and the adjusted EBITDA margin was 40.4 percent compared