Cxense ASA - End of quarter recurring revenue update
Oslo, Norway - 11 April 2019 - Cxense ASA (OSE: CXENSE) today announced that it in Q1 2019 signed 16 new contracts with Quarterly Recurring Revenue (QRR) effect of USD 129.6 thousand for the company's data management platform (DMP) with intelligent personalization.
Full QRR effect from 12 contracts notified to be terminated in Q1 2019 was USD 118.9 thousand for the core business. As a result, net new QRR from new and lost contracts was USD 10.7 thousand.
| New QRR | Q4 2018 | Q1 2019 | Change % |
| New QRR from new clients | 147.6 | 61.6 | -58.3% |
| New QRR from upsell | 99.6 | 68.0 | -31.7% |
| Total new QRR | 247.2 | 129.6 | -47.6% |
| No. of contracts new clients | 8 | 6 | |
| No. of contracts upsell | 16 | 10 |
| Lost QRR | Q4 2018 | Q1 2019 | Change % |
| Lost QRR from lost clients | 246.2 | 99.3 | -59.7% |
| Lost QRR from downsell | 25.7 | 19.6 | -23.7% |
| Total lost QRR | 271.9 | 118.9 | -56.3% |
| No. of contracts lost | 12 | 9 | |
| No. of contracts downsell | 6 | 3 |
New contracts signed in Q1 included the sale of Cxense DMP and personalization solutions including Conversion Engine to Vogue Poland which will leverage Cxense's machine learning-powered platform to drive customer-centric product development, increase quality and effectiveness of content marketing and gain user insights to build relationships with readers in order to increase engagement and advertising revenue. Also, Shueisha Publishing Co., Ltd., one of Japan's leading publishers expanded its use of Cxense solutions to include DMP and Conversion Engine to drive advertising revenues with rich user profiles and high-value socio-demographic and interest segments, and to boost membership programs and future digital subscriptions with personalized customer journeys.
About Cxense:
Cxense is an AI-powered Data Management and Intelligent Personalization platform that helps 200 leading publishers and marketers around the globe build personal, profitable relationships with their customers. Our technology organizes first party data into powerful custom segments and 1:1 user profiles before applying machine learning to understand and predict customer behavior and intent. As a result, our clients are able to deliver unique and relevant content and offers to customers in real time, driving more subscriptions, sales, and higher customer lifetime value. Our solutions process interactions from about 7,000 websites on 2 billion devices each quarter. Cxense is listed on the Oslo Stock Exchange and has offices in Norway, the US, Japan, Russia, Germany, and Argentina.
Investor Relations Contact:
Jørgen Evjen, Chief Financial Officer
Email: ir@cxense.com
Mobile: +47 928 04 014