Continued improved profitability but high churn
Interim Report Safeture AB Q1 2024:
· Annual recurring revenue (ARR) growth of +23% to 54,2 MSEK. · Recurring revenue amounts to 12,7 MSEK compared to 10,7 MSEK last year (+19%). · Net Profit improvement year-on-year of 2,1 MSEK, reaching -0,4 MSEK. · Bottom-line result at -3% of Net Sales compared to -23% one year ago. · Quarterly churn at 4,1% · Yearly NRR at 108%Classics
First quarter (2024-01-01 to 2024-03-31)
• Net revenue amounted to 13 627 (10 668) KSEK (+28%).
• Loss after financials amounted to -419 (-2 497) KSEK.
• Loss per share before dilution