Relesys reports 36% year-on-year growth in Annual Recurring Revenue in Q3 2022. ARR and Revenue Guidance Range narrowed.
Relesys A/S | Quarterly Announcement Q3 2022
Company Announcement No. 9-2022
Copenhagen, November 29th, 2022
Third-quarter period: July 1, 2022 – September 30, 2022
Relesys achieved an Annual Recurring Revenue (ARR) of DKKm 40.2. Relesys is narrowing the range for its ARR and Revenue guidance from previously DKKm 40 – 42 to now DKKm 41 – 42 and from previously DKKm 41 – 45 to now DKKm 42 – 45, respectively.
Summary:
Nine months into the year, Relesys continues to deliver on its promises by increasing sales in existing markets and by realizing the first sales from the newly established United Kingdom office.
- ARR increased from DKKm 29.6 in Q3 2021 to DKKm 40.2 in Q3 2022, corresponding to 36% year-on-year growth.
- NRR was 115% year-on-year.
- ARR net uplift was 20% year-on-year.
- ARR churn rate was 5% year-on-year.
- ARR from new customers increased by DKKm 1.5 during the period.
- Revenue grew from DKKm 9.4 in Q3 2021 to DKKm 10.9 in Q3 2022, corresponding to 16% year-on-year growth.
Financial Outlook 2022:
Relesys is narrowing the range for its ARR guidance from previously DKKm 40 – 42 to now DKKm 41 – 42.
Furthermore, Relesys is narrowing the range for it Revenue guidance from previously DKKm 41 – 45 to now DKKm 42 - 45.
Both ARR and Revenue guidance remains in line with the outlook presented in the IPO prospectus.
CONTACT INFORMATION
Relesys A/S
Jesper Roesgaard, CEO
Mobile (+45) 28 45 97 97
Email: jero@relesys.net
Mads Stoffer Larsen, CFO
Mobile (+45) 26 71 01 02
Email: mala@relesys.net
Certified Adviser
Grant Thornton
Mads Riis Møller
Mobile (+45) 22 83 82 34
ABOUT RELESYS
Relesys is a Software as a Service (SaaS) company founded with the sole purpose to create a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance, by providing employees access to an intuitive user-friendly app, with all the information they need to succeed in their jobs, thus improving the overall performance.
Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who are isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally.
On the 30. September 2022, Relesys had 173 customers in 91 countries and supports 24 different languages. The customer base of Relesys includes brands such as Salling Group, Specsavers, Bauhaus, Matas, Telia, Carlsberg Danmark, Amcor, and Vestas, together with several other market-leading brands.
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