From Wall Street – Pexip – FY2021-Q2

Current Highlights

For the quarter ending June 30, 2021:

  • Quarterly revenue of 177 MNOK (~ US $20.6M), down 2% quarter-over-quarter and up 8.5% year-over-year.
  • Booked annual recurring revenue (ARR) of US $92.7M, up 6% quarter-over-quarter and 41% year-over-year.
  • ARR breakdowns:
    • By Region: 56% EMEA, 34% Americas, 10% APAC
    • By Product: 59% Self-hosted software, 41% Pexip as a Service
  • EBITDA of -41 MNOK, down from -5.9 MNOK (or 40.4 MNOK adjusted for IPO expenses) a year ago

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.