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
Surmodics Opens Medical Device Coating Capabilities in Ireland10.9.2026 16:00:00 CEST | Press release
The Galway Facility Brings Nearly 50 Years of Coating Expertise, Cleanroom Coating Services and Analytical Testing Closer to Medical Device Manufacturers Across Ireland and Europe BALLINASLOE, COUNTY GALWAY, IRELAND / ACCESS Newswire / September 10, 2026 / Surmodics, Inc. today announced its expanded medical device coating capabilities in Galway, Ireland, expanding access to the company's Performance Coatings and coating services for medical device manufacturers throughout Ireland and Europe. The facility now includes dedicated cleanroom environments designed for medical device coating services and brings Surmodics' nearly 50 years of coating experience closer to one of the world's leading medical technology hubs. "Ireland is home to a significant concentration of medical device manufacturers and technology innovators, making it an important market for Surmodics and our customers," said Damien Kilcommons, Vice President of Site Operation at the Ireland facility. "By establishing dedica
MicroVision to Preview Next-Generation Lidar-Based Perception Platform at IAA Transportation 202610.9.2026 15:20:00 CEST | Press release
New modular approach will bring together MicroVision lidar hardware, perception software and open sensor integration to enable flexible perception solutions across applications REDMOND, WA AND HANOVER, GER / ACCESS Newswire / September 10, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception technologies, today announced plans to unveil its MicroVision Perception Platform™ at IAA Transportation 2026 in Hanover, Germany next week, marking the next evolution of the company's Lidar 2.0 strategy. The new modular platform is designed to bring together MicroVision's expanding portfolio of lidar hardware, perception software and open sensor integration into a flexible architecture that can be configured around the requirements of individual applications spanning automotive, commercial vehicles, industrial, security, defense and aerial use cases. Rather than relying on a fixed sensor configuration or closed "black box" solution, the MicroVision Perception Platform is being d
GA-ASI Unveils Wildfire UAS for Military, Civil and Commercial Roles10.9.2026 15:00:00 CEST | Press release
New Uncrewed Aircraft Combines Exceptional Endurance and Range with Unsurpassed Payload and Affordability at Scale SAN DIEGO, CA / ACCESS Newswire / September 10, 2026 / The world leader in Uncrewed Aircraft Systems, General Atomics Aeronautical Systems, Inc. (GA-ASI) is pleased to announce its groundbreaking Wildfire UAS, a clean-sheet aircraft designed to maximize future investments in large uncrewed aircraft that incorporates lessons learned over decades of large-scale global UAS operations. Wildfire draws upon more than 30 years of delivering more than 1,600 world-changing uncrewed aircraft, including the MQ-1B Predator®, MQ-9A Reaper®, MQ-9B SkyGuardian®, MQ-20 Avenger® and FQ-42A Collaborative Combat Aircraft. GA-ASI aircraft have amassed nearly 10 million total flight hours, mostly in combat, and introduced many of the technologies and concepts now emulated by others around the world. "This is exactly the right design for high-demand missions and cost-conscious customers," said
Steelcase Names Proven Growth Leader Irene Tasi as President9.9.2026 21:00:00 CEST | Press release
Experienced commercial and innovative leader will guide the Steelcase business as the company builds on its design leadership, dealer network and customer-focused strategy. GRAND RAPIDS, MI / ACCESS Newswire / September 9, 2026 / Steelcase today announced Irene Tasi has been named president of Steelcase and will lead the business effective September 14, 2026. Tasi brings more than 25 years of executive leadership experience with a track record leading complex businesses through growth, portfolio development, commercial execution, and organizational change. Her background includes full P&L responsibility, enterprise strategy, innovation, and sales and channel leadership. She will report to Jeff Lorenger, Chairman, President and Chief Executive Officer, HNI Corporation. "Irene brings a combination of commercial leadership, product innovation, operating discipline, and customer focus that makes her exceptionally well-suited to lead Steelcase," said Lorenger. "She has led businesses where
Global Study: Nursing Shortages Require Workforce Policy Solutions, Not Recruitment Campaigns Alone9.9.2026 15:01:00 CEST | Press release
Why people choose nursing, and why they leave, comes down to the same factors PHILADELPHIA, PA / ACCESS Newswire / September 9, 2026 / The global nursing shortage cannot be solved simply by encouraging more people to enter the profession, according to a new evidence brief from the Global Nursing Workforce Centre (GNWC), a joint initiative of the International Council of Nurses (ICN) and TruMerit®. Drawing on research from 42 countries, the brief, The Attractiveness of Nursing for Prospective and Current Nursing Students, finds that the factors influencing people to choose nursing are often the same ones that determine whether they stay. Working conditions, compensation, professional respect, career development opportunities, workplace experiences, and the ability to provide quality care all shape nursing attractiveness to current nurses as well as potential recruits. The findings suggest that countries seeking to strengthen their nursing workforce must focus not only on recruitment, bu
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