Bambuser AB
8.11.2021 08:21:36 CET | ACCESS Newswire | Press release
STOCKHOLM, SWEDEN / ACCESSWIRE / November 8, 2021 / Bambuser AB (STO:BUSER.ST) (FRA:5JL.F)
Bambuser presents yet another record quarter with strong growth. During Q3, the Monthly Recurring Revenue (MRR) increased by + 213%, while the Total Contract Value (TCV) grew by +1043 compared to the same period last year. The interim report has now been published and can be found at ir.bambuser.com.
Third quarter (July - September 2021)
- Total revenue amounted to 49.0 MSEK (12.2)
- Net Sales amounted to 41.5 MSEK (10.1), an increase of +311% YoY
- Adjusted EBITDA amounted to -19.6 MSEK (-7.9)
- EBIT amounted to -59.9 MSEK (-9.2)
- Net income amounted to -59.8 MSEK (-9.2)
- Earnings per share amounted to -0.29 SEK (-0.06)
- Cash and cash equivalents amounted to 568.8 MSEK (349.9) at end of period of which cash flow from operations amounted to -33.1 MSEK (-6.8)
- Monthly Recurring Revenue (MRR) amounted to 6.0 MSEK (1.9), an increase of +213% YoY
- Total Contract Value (TCV) grew by +1043% to 57.0 MSEK (5.0), of which 36.4 MSEK is guaranteed revenue
- 31.5 MSEK, i.e. 55% of the total TCV, is recurring license revenue that will be included in the MRR moving forward
Year to date (January - September 2021)
- Total revenue amounted to 105.1 MSEK (21.7)
- Net sales amounted to 85.5 MSEK (17.3), an increase of +395% YoY
- Adjusted EBITDA amounted to -68.4 MSEK (-19.2)
- EBIT amounted to -158.1 MSEK (-22.1)
- Net income amounted to -158.1 MSEK (-22.2)
- Earnings per share amounted to -0.76 SEK (-0.13)
- Cash flow from operations amounted to -77.0 MSEK (-19.9)
- Total Contract Value (TCV) grew by +836% YoY to 157.1 MSEK (16.8)
A comment from CEO Maryam Ghahremani
"I am so proud that we finished the third quarter by setting a true landmark record in the books. Our MRR grew by 213% YoY to SEK 6 million. Q3 2021 will also go to history as the first major test for Bambuser, as many of our customer contracts had their first anniversary and were up for renewal. Therefore, the MRR growth is not only a result of the strong demand from new customers but also, and perhaps most importantly, the excellent retention we see with our customer base."
For environmental and cost reasons, Bambuser AB has decided not to print the report. A printout may be distributed to shareholders upon request.
###
This information is information that Bambuser AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-08 08:00 CET.
Contact information
Corporate Communications, Bambuser AB | +46 8 400 160 00 | ir@bambuser.com
Certified Adviser
Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se
About Bambuser
Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.
Attachments
Bambuser Interim Report Q3 2021
SOURCE: Bambuser AB
View source version on accesswire.com:
https://www.accesswire.com/671600/Bambuser-AB-Publishes-Interim-Report-for-Q3-2021
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Chervon Appoints Stephen Sarnocinski to President - End User Research, Sales and Service - OPE Commercial Landscaping Market Global21.10.2026 16:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 21, 2026 / Stephen (Sarno) Sarnocinski is named President - End User Research, Sales and Service - OPE Commercial Landscaping Market Global, effective October 20, 2026, reporting to Joe Galli, CEO. Sarnocinski brings 21+ years of extraordinary experience, performance and leadership to Chervon. He is a high-potential senior executive with an exciting future ahead at Chervon. Sarno will now assume a new role at Chervon focused on pioneering and developing the OPE Commercial Landscaper User Vertical. Sarno was most recently a Senior Vice President - Job Site Solutions for TTI/Milwaukee, leading the Utility, Energy, Communications and Mining Verticals. Over the past 10 years he has held increasingly responsible JSS positions in the Eastern USA. Before his JSS role, he was responsible for Milwaukee East Coast Service Operations. He started his TTI/Milwaukee career rising through a series of store coverage and territory management positions. Before
DataTracks Launches Nova, Filing Software that Takes UK Micro-Entities Through HMRC and Companies House on One Set of Figures21.10.2026 15:45:00 CEST | Press release
LONDON, UK / ACCESS Newswire / October 21, 2026 / DataTracks, the regulatory reporting software and services provider, has launched DataTracks Nova, software that prepares a UK micro-entity's accounts and Corporation Tax return from a single set of figures, produces the iXBRL that HMRC requires now and Companies House will require from 1 April 2028, and files the CT600 with HMRC. Companies House accounts filing runs from the same data in the same product. Until 31 March 2026, many smaller UK companies with straightforward affairs had a free way to do this themselves. CATO (Company Accounts and Tax Online) was a free HMRC online service, run jointly with Companies House, that let a company prepare and submit its own Corporation Tax return and accounts through a simple web form, with no software to buy and no accountant needed. It was only open to companies filing without an agent. HMRC closed it on 31 March 2026. Since 1 April 2026, companies have generally had to use commercial softwar
Fermi Provides Letter to Shareholders from CEO Lee McIntire on Financing Fermi's Next Chapter21.10.2026 14:30:00 CEST | Press release
DALLAS, TX / ACCESS Newswire / October 21, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company") today provided the following letter to shareholders from CEO Lee McIntire: Dear Fellow Shareholders, We are living through an extraordinary moment in the development of American infrastructure. As artificial intelligence reshapes industries and economies, reliable power has become one of the most strategically important and sought-after assets in the world. Fermi was founded with this opportunity in mind. At Fermi's Project Matador, we are pursuing one of the most ambitious power and infrastructure developments in the country, designed to deliver the scale and reliability required by the next generation of computing. Throughout my decades in global infrastructure and construction, I have learned that creating a successful infrastructure business requires more than assembling valuable assets. It requires judgment and financial discipline to turn th
PFN and Tenstorrent Selected for NEDO Project on "xPU Design and Development Incorporating Photonics Electronics Integration Technology"21.10.2026 14:00:00 CEST | Press release
TOKYO, JP / ACCESS Newswire / October 21, 2026 / Preferred Networks, Inc. (PFN) and Tenstorrent USA, Inc. (Tenstorrent) have announced today that their joint proposal has been selected by Japan's New Energy and Industrial Technology Development Organization (NEDO) for the theme "xPU Design and Development Incorporating Photonics-Electronics Integration Technology" (*1) under the NEDO-sponsored "Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems / Development of manufacturing technologies for advanced semiconductors." AI models and workloads continue to increase in size and computational complexity, and are being adopted across a wide range of industries. This rapid growth has further increased the compute needed for model training and inference, driving demand for more scalable and efficient AI infrastructure. Through a joint research and development project, PFN and Tenstorrent aim to develop a system-level integration of
Polaris Renewable Energy Awards Key Supply Contract and Issues Notice to Proceed on Punta Lima Battery Storage Investment20.10.2026 23:10:00 CEST | Press release
TORONTO, ON / ACCESS Newswire / October 20, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company") is pleased to announce that it has awarded and executed a contract with Trina Energy Storage Solutions (Singapore) Pte. Ltd. ("Trina Storage") for the supply of battery energy storage systems ("BESS") for the Company's Punta Lima project in Puerto Rico. Trina Storage is a global utility-scale energy storage provider with 30 GWh of BESS projects commissioned and under execution worldwide, including more than 6 GWh across Latin America and the Caribbean. The Punta Lima BESS project is being advanced under Puerto Rico's Accelerated Storage Addition Program ("ASAP"), a strategic initiative designed to strengthen grid reliability through the deployment of utility-scale battery energy storage systems co-located with existing generation facilities. As background, on June 5, 2026, Polaris Power US, Inc. ("PPUS") fully executed the BESS Standard Offer Agreement (the "SO1 Agree
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom