Bricknode interim report Q1 2022
Bricknode has today published its interim report for the period January – March 2022. The report is attached to this press release and is available on the company’s website.
Q1 2022 in brief
- Net revenue increased by 24% to 4,671 (3,765) TSEK
- Net revenue retention rate 107 (103)%
- Earnings per share amounted to -0,41 (-0,13) SEK
- EBIT result amounted to -3,962 (-908) TSEK and the margin amounted to -85% (-24%)
- Agreement signed with B2B lending company
Comments from the CEOs, Stefan Willebrand & Erik Hagelin
“Q1 2022 was a real awesome quarter at Bricknode, we must say. Through continued sales efforts we have mushroomed our international sales pipeline for the current product portfolio and pushed the Bricknode brand in front of many potential customers. We would like to help them “see the light” and understand how easy it is to set up their financial operations based on the Bricknode platform.
As for the financial numbers, we saw continued great net revenue retention of 107% and our net revenues increased by 24% to 4,671 TSEK.
Everyone at Bricknode is now aligned with our single goal - to become profitable. In general, it’s said that if you have more than three goals or priorities then you don’t have any priorities. That’s why we’ve simplified this into just one goal right now at Bricknode.
Adding more team members at the end of 2021 has made it possible for us to add more products to the portfolio. These have shorter sales cycles and can be consumed by a wider audience both with and without regulatory licenses around the globe.
We envision that we will start to see the benefits of these new products during the second half of 2022, and these initiatives will make our income growth more perpetual. Today, with Bricknode Broker leading our product portfolio, our income growth comes in bursts from new customers and grows automatically over time because of increased usage among current customers.
We continue to roll out our investments and growth efforts according to plan and are looking forward to seeing the result of our strong sales pipeline during the second half of this year.”
Stefan Willebrand and Erik Hagelin present the business in a webcast with live Q&A on 19 May at 13:00 CEST. Webcast registration link.
Contacts
Bricknode
Stefan Willebrand, Founder & CEO
+46 8 122 086 87
Certified Adviser
Amudova AB
+46 8 546 017 58
About Bricknode
Bricknode is a B2B-focused SaaS company that provides scalable, cloud-based software enabling financial companies to launch digital banking products at speed. The platform makes it easy for customers to build or transform almost any financial product with complete software for investment management, funds, lending, deposits and savings. The company also offers outsourcing solutions for back-office administration. Bricknode was founded in 2010 and supports financial companies globally. Find out more at bricknode.com or follow Bricknode on LinkedIn & Twitter.
This is information that Bricknode Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 19 May 2022.