From Wall Street – Pexip – FY2021-Q1

Current Highlights

For the quarter ending March 31, 2021:

  • Quarterly revenues of 180 MNOK (~ US $21M), down 21% quarter-over-quarter and up 20% year-over-year.
    • By Region: 51% EMEA, 39% Americas, 10% APAC
    • By Product: 60% Self-hosted software, 40% Pexip as a Service
  • Booked annual recurring revenue (ARR) of US $87M, up 6% quarter-over-quarter and 54% year-over-year.
    • By Region: 56% EMEA, 33% Americas, 10% APAC
    • By Product: 60% Self-hosted software, 40% Pexip as a Service
  • EBITDA of -53 MNOK, down more than 100 MNOK sequentially and more than 50 MNOK annually

NOTES

  • NOK to USD conversions are based on currency exchange rate on the last day of the quarter.
  • MNOK = millions of Norwegian Kroner
  • Pexip made its debut on the Oslo Stock Exchange on May 14, 2020.

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