Loyal Solutions announces financial results for the first half of the financial year 2023/24
Danish SaaS company Loyal Solutions delivers 65% revenue growth and 99% gross margin growth for first half year (1/7-31/12 2023), while maintaining stable operating expenses.CEO Peter Kisbye comments: “In the period 1 July 2023 – 31 December 2023 (“the Period”) the Company delivered the following results: · 65% revenue growth year on year · 99% growth in gross margin (Revenue-CoGS) · Stable OPX year on year (+3%) · Growth in annual recurring revenue (ARR) of 7% · EBITDA of TDKK -2.358 vs budget of TDKK -5.373 and last year TDKK -7.173 · Result of TDKK -3.648 vs