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Run-rate net sales is in excess of SEK100m - significant milestone reached

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Financial Highlights

  • ARR at the end of Q1 (the quarter ending 30 September 2022) was SEK 80.2m, corresponding to a 19.2% increase compared with the same period last year (SEK 67.3m). 
  • Total contract value at the end of Q1 of SEK 121.1m, corresponding to a 44.6% increase compared with the same period last year (SEK 83.7m). Organic TCV growth in Q1 was 40.3% compared with the same period last year. 
  • Net sales in Q1 were SEK 26.0m, corresponding to a 22.6% increase compared with the same period last year (SEK 21.2m). 
  • Organic net sales growth was 13.3% and after excluding one off revenues organic net sales growth was 19.2%. 
  • Gross profit in Q1 was SEK 24.9m (SEK 20.1m) equating to a 95.8% gross margin (94.8%).
  • Normalised EBITDA in Q1 (EBITDA before non-recurring items) was SEK -1.4m compared to the same period last year (SEK 0.9m). 
  • EBITDA of SEK -4.7m compared to the same period last year (SEK 0.0m).
  • Basic earnings per share (weighted) amounted to SEK -0.12 (SEK -0.04).
  • Operating cashflow in Q1 was SEK – 4.7.m (SEK -8.4m). 

Operational Highlights 

  • 255 new agreements were signed in Q1 with a value of SEK 30.0m. 

Significant Events after the Period 

  • On 19 October we signed a letter of intent to acquire 100% of Edocuments Limited for an initial consideration of £2.4 million (SEK 30.1m) with an additional payment of up to £1.4m (SEK 17.6m) based on fulfilment of sales targets of the next two years. Edocuments has sales of c.£2.0m (SEK 25.1m). 

For more information, please contact:
Gustave Geisendorf, CEO, gustave.geisendorf@builddata.se, +44 7760760777.

Bruce Morrison, CFO, bruce.morrison@builddata.se, +44 7770262386

About BuildData

BuildData. Group AB is a SaaS provider within construction and property technology and is listed on Nasdaq First North Growth Market. Redeye AB is the Company’s acting Certified Adviser (Tel. +46 8 121 576 90, certifiedadviser@redeye.se www.redeye.se).

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