While ARR Subscriptions and Revenue Subscriptions experienced a 4% decrease Year-over-Year (YoY), EBITDA showed a notable improvement to DKK 0.6 million.

Quick Summary:

Key financial and SaaS highlights Income statement (DKK million) Q1 2024 Q1 2023 Change Q1 2024 Q4 2023 Change Revenue Subscriptions 12.6 13.1 -4% 12.6 12.2 3% Revenue Transactions 2.2 3.2 -31% 2.2 2.9 -24% Other revenue 0.0 0.0 -  0.0 0.3 - Total revenue 14.8 16.3 -9% 14.8 15.4 -4% Gross profit  12.3 13.0 -5% 12.3 12.6 -2% Gross margin 83% 80% -  83% 82% - Other operating income 0.0 0.0 -  0.0 0.6 - Employee costs -7.4 -7.4 0% -7.4 -13.3 44% Operational costs -4.3 -5.6 23% -4.3 -1.5 -187% EBITDA 0.6 0.0 -  0.6 -1.6 - Net profit -3.4 -2.9 -17% -3.4 -22.4 85%               Financial position (DKK million)             Cash 7.2 26.9 -73% 7.2 9.8 -27%               ARR development             ARR Subscriptions 52.2 54.2 -4% 52.2 57.8 -10% ARR Transactions 8.9 17.3 -49% 8.9 12.3 -28% Total ARR 61.1 71.5 -15% 61.1 70.1 -13% Change in ARR (DKK) -10.4 - -  -9.0 - - Change in ARR % -15% - -  -13% - - ARRThe decrease in Q1 ARR subscriptions was mainly driven by clients’ technology consolidations and M&A driven changes.

The number, however, is excepted to slightly increase during the rest of 2024 and primarily by focus on investments in the Sales organisation.Cash amounted to DKK 7.2 million at the end of Q1 in line with expectations.

Q4 2023, driven mainly by clients’ seasonality impacting revenue from transactions.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Agillic A/S

Category: Technology

Markets: ChinaDenmarkGermanyNorwayOmanRomania

Topics: DK0060955854 Copenhagen:AGILC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-07 @ 06:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1245 words

Reading Time: 7 minutes read

Sentences: 22 lines

Sentence Length: 57 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20902736

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 1 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 11 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions