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 Names Devin Murray Director of Sales - Northern Division19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Devin Murray joins Chervon as Director of Sales - Northern Division, effective October 19, 2026, reporting to Thomas Kentouris, Vice President of Field Sales. Murray joins Chervon after completing a six-year fast track career in TTI sales and sales management. Most recently, he was a Key End User Account Manager for Milwaukee charged with growing the pro tool business with large end users. Murray's exceptional recruiting skills and leadership skills enabled him to build, manage and inspire highly effective sales teams at the store level. His account management prowess resulted in outstanding sales results and strong partnerships with multiple national accounts. "Early in his impressive career, Devin was identified as a high potential future superstar executive," said Thomas Kentouris. "His large end user pro tool experience is exactly what we need to help build our pro tool leadership position. His inspiring leadership skills combin
Chervon Names Krystle Adams Director of Sales Recruiting19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Krystle Adams joins Chervon as Director of Sales Recruiting, effective October 19, 2026, reporting to Matt DeFeo, SVP of Sales, Training and Recruiting. Over the past 9+ years, Adams has advanced through a series of increasingly responsible sales and recruiting positions at TTI. Earlier in her impressive career, Krystle distinguished herself as an outstanding sales representative and sales manager delivering consistently strong results. Most recently, she was a National Recruiting Operations Manager responsible for leading, coordinating, and implementing recruiting efforts across campuses nationwide. Krystle has demonstrated exceptional skills in developing and leading campus and field sales recruiting efforts. She also designed and executed a thriving national college internship program. "I feel incredibly fortunate to now have Krystle Adams in place to launch Chervon campus recruiting," said Matt DeFeo, SVP of Sales, Training and
Chervon Names Terry Lucero Director of National Accounts - Industrial19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Terry Lucero joins Chervon as Director of National Accounts - Industrial, effective October 19, 2026, reporting to Jeff Campbell, Senior Vice President of Industrial Commercial Sales. Lucero brings 25+ years of extensive experience in building professional tool businesses at national accounts, regional accounts, at the store level and at the end user level. Lucero started his career at Dewalt where he advanced through a series of sales, sales management and end user marketing positions over 5 years driving professional tool growth. Lucero went on to WW Grainger where he progressed through a series of business development and sales management positions. He was also a sales manager of professional equipment at United Rentals. Most recently, Lucero served as a director of sales at APEX Tool Group for the Americas. "Terry's impressive pro tool experience in industrial distribution, national account management and end user marketing make
Tenstorrent Announces a $1.5B Series E at a $6.2B Valuation19.10.2026 14:00:00 CEST | Press release
SANTA CLARA, CA / ACCESS Newswire / October 19, 2026 / Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon. Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy mode
OxyDew Analyzer: One Compact Instrument, Two Critical Gas Measurements19.10.2026 08:00:00 CEST | Press release
NAVAN, IE / ACCESS Newswire / October 19, 2026 / DwyerOmega introduces the new Ntron OxyDew Analyzer, a fully integrated solution that combines oxygen and moisture dew-point measurement in a single, compact wall-mountable analyzer. The result: fewer instruments to install, wire, and maintain, without sacrificing the accuracy and reliability that critical gas quality monitoring demands. By uniting two proven sensing technologies in one instrument, OxyDew cuts equipment costs, simplifies installation, and reduces ongoing maintenance, all without compromising performance. Operators monitor oxygen concentration and dew point simultaneously through a 3-inch color touchscreen, giving them a single point of control instead of two separate systems. OxyDew is available now throughout Europe and Asia Pacific. Integrated Dual Measurement for Reliable Process Monitoring At the heart of OxyDew is the integration of the proven Ntron SenzTx Oxygen Transmitter and Michell Easidew Dew-Point Transmitter
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