SignUp Software Interim Report April - June 2022

Annual recurring revenue (ARR) grew by SEK 16.6m correpsonding to 8 percent from the end of Q1 2022.

April – June 2022

  • Annual recurring revenue (ARR) grew by
    • SEK 16.6m, 8.0 %, from the end of Q1 2022 and by
    • SEK 64.7m, 40.4 %, in the last 12 months.
  • At the end of Q2, ARR amounted to SEK 224.9m (160.2).
  • Net sales for the period amounted to SEK 60.7m (45.2) which correspond to a growth of 34.3 % compared to Q2 2021.
  • EBITA margin 4.9 % (17.6).
  • Net Profit SEK 1.7m (4.7).
  • Earnings per share 0.067 SEK/share.
  • Earnings per share 0.066 SEK/share after dilution

CEO’s Comments
During the second quarter of 2022, we continued our growth journey with an ARR growth of SEK 16.6m, 8.0 percent, during the quarter, and with SEK 64.7m, 40.4 percent, over the last 12 months.

In the somewhat challenging macro-economic climate, it is reassuring that SignUp has been able to continue to grow. We have, as communicated in the previous report, continued our geographical expansion by establishing a new subsidiary in Singapore, from where we can continue to drive revenue growth and support clients and partners in a fast-growing market.
We have also continued to invest in our delivery and sales capabilities by welcoming seven new employees to SignUp during the second quarter of the year.

The EBITA margin for the quarter was 4.9 percent, which is below our medium-term target and a decline compared to the previous quarter (8.5 percent) and the same period previous year (17.6 percent). The lower EBITA level is primarily a result of the increased number of employees and the continued investment in our presence on the North American market, being the market with the largest potential. In total our investment in the North American market has lowered the EBITA with SEK 8m during the first two quarters of the year.

With the investments made in new employees and market expansion we are now prepared to continue our profitable growth journey.

Olof Hedin, CEO

Source: MFN

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