Impero releases 2022-Q1 report: Realizes DKK 19.0M in Annual Recurring Revenue corresponding to 44% growth compared to March 31, 2021

Company Announcement No. 6-2022

Copenhagen, May 5, 2022

Impero reports an Annual Recurring Revenue (ARR) growth of 44% corresponding to DKK 19.0M and maintains guidance for 2022.

Financial highlights on March 31, 2022

• ARR increased by 44% to DKK 19.0M from DKK 13.2M on March 31, 2021
• Net ARR growth in 2022-Q1 amounted to DKK 0.7M, an increase of 21% compared to 2021-Q1
• Uplift was 18% compared to 14% in the 12-month period ending March 31, 2021
• Churn was 5% compared to 7% in the 12-month period ending March 31, 2021
• Net Revenue Retention Rate was 113% compared to 107% on March 31, 2021
• EBITDA for 2022-Q1 amounted to negative DKK 5.1M as a result of planned investments

At the end of the first quarter of 2022, Impero’s ARR amounted to DKK 19.0M, an increase of 44% compared to March 31, 2021. Net ARR growth in the first quarter of the year, amounting to DKK 0.7M an increase of 21% compared to 2021-Q1, was lower than expected. The geopolitical situation in Europe and the consequences hereof influenced an ongoing customer implementation with an enterprise customer, and we saw some delay in pipeline progression in Germany. However, with promising initiatives expected to materialize later in the year, Impero maintains full year guidance for 2022.

Our primary focus continues to be commercial operation, which includes growing sales, building the organization, and developing new channels.

Financial guidance

For the full year of 2022, Impero expects to deliver ARR growth in line with the targets communicated in connection with the IPO.

Impero expects ARR to reach DKK 26-29M by the end of 2022. Furthermore, Impero will continue to invest in building the organization to ensure long-term ARR growth and expect to realize EBITDA for 2022 in the range of DKK -22 to -18M.

Read the report in its entirety via Impero.com/investors or in the attached.

Rikke Stampe Skov, CEO comments: “We are pleased to see our platform continuing to simplify compliance management in increasingly more organizations across our main markets.

During the first quarter of this year several customers chose Impero as their preferred compliance management platform. Among these were UniCredit Bank Austria, a conglomerate Danish investment firm, and one of the largest real estate companies in Europe.

This is the result of the foundation laid last year which materialized at a yearly ARR growth rate of 44% at the end of this quarter. We are successfully building the organization and continue to persist in our quest on becoming a de facto compliance management platform and build a society founded in trust and transparency.”

The report will be presented at a webinar on May 9, 2022, at 12:00 CEST.
 

Register for the webinar via: https://hcandersencapital643.clickmeeting.com/impero-praesentation-af-q1-kvartalsregnskabet/register.
 

For further information, please contact:

Impero

Rikke Stampe Skov, CEO

Mobile: (+45) 25 88 41 02

E-mail: rss@impero.com

or

Morten Lehmann Nielsen, CFO

Mobile: (+45) 51 17 67 80

E-mail: mln@impero.com

Certified Adviser

Grant Thornton
Jesper Skaarup Vestergaard

Mobile: (+45) 31 79 90 00

ABOUT IMPERO

Impero A/S is a Danish Software-as-a-Service (SaaS) company that provides a compliance management platform. The Impero platform enables companies to easily manage compliance through automation of risk and control management, documentation, and reporting. Impero empowers companies to become more compliant in a scalable, digital, intuitive, and – most importantly – easy way.

For more information about Impero, please visit http://impero.com/investors.