Valuer's Period Update for Q3 2021/2022: Increase in Annual Recurring Revenue (“ARR”) by 45% to DKKm 5.8 from Q2 to Q3 2021/22
Company Announcement No. 9-2022
Valuer's Period Update for Q3 2021/2022:
Development in Annual Recurring Revenue (ARR) in Q3 2021/22
- ARR increased by 45% to DKKm 5.8 from Q2 to Q3 2021/22 following increased engagement with the platform and a more structured market approarch (go-to-market)
Financial highlight Q3 YTD 2021/22
- ARR increased by 23% to DKKm 5.8 by end of Q3 2021/22 from DKK 4.7m same period last year
- Invoiced revenue increased by 30% to DKKm 2.3 end of Q3 2021/22 from DKKm 1.7 same period last year
- EBITDA of DKKm -24.2 is in line with budget despite lower generated revenue
- Average monthly operational cash burn for Q3 YTD was DKKm 3.2
- Cost reduction plan to be implemented during June 2022
Guidance for full year 2021/22
- Valuer maintains ARR guidance of DKKm 6-8 at the end of 2021/22 corresponding to an ARR growth rate between 28%-70% year-on-year
Presentation
The 2022-Q3 Period Update will be presented at an online webinar on 25 May 2022 at 3:00pm CET.
Register for the webinar at:
https://us02web.zoom.us/webinar/register/WN_cNVpDzEjRUWG3BiSqyKOlg
Contacts
Jesper Skaarup Vestergaard
Certified Advisor
Grant Thornton
Tel:
About Valuer
Valuer's vision is to fuel and foster the world's innovation. We do so by mapping the world's innovation activities. By combining data about startups and technologies we identify and present patterns to forward thinking companies, startups, universities and investors alike. Use Valuer to dive headfirst into identifying relevant companies and technologies. We organize +20 million data points to spot trends, discover new technologies and map industries. Using AI and machine learning to analyze, cluster and identify as well as human researchers to qualify and enrich data, if requested and needed. Start at macro level by exploring industries and technologies - and identify relevant companies. Or start at micro and company level and from there understand the industry and how it associates. Valuer is a one-stop-shop for innovation and opportunity discovery. Whether you want to find new technologies and collaboration opportunities, uncover strategic suppliers or find and follow acquisition targets, Valuer can help.
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