Pexip Q4 2021 – Growth in Annual Recurring Revenues (ARR) and good cost control resulted in a profitable quarter
Oslo, Norway, February 10, 2022 - The video communications provider, Pexip Holding ASA ("Pexip" or "The Company", Oslo Børs Ticker: PEXIP), today presented its quarterly results for the fourth quarter and full year of 2021.Q4 2021 Pexip's subscription base measured in Annual Recurring Revenue (ARR) reached USD 106.4 million in Q4 2021, up from USD 81.9 million in Q4 2020, representing an increase of 30%, driven by strong software sales. Key highlights for the quarter include: · ARR reached USD 106.4 million, reflecting a 30% growth year-on-year · Revenues at NOK 266 million, 16%