Bambuser Continued Sturdy Enterprise Momentum within the Second Quarter with ARR Development of 118% Yr on Yr

STOCKHOLM, SWEDEN / ACCESSWIRE / July 27, 2022 / Bambuser AB (STO:BUSER)(FRA:5JL)

Bambuser reported a strong ARR of 120,1 MSEK, a rise of 118% in comparison with final yr. The expansion was primarily pushed by sturdy demand from enterprise prospects in North America and Europe. The money steadiness closed at 442,7 MSEK, adequate to take Bambuser to constructive money circulate.

The second quarter included important new contracts, expansions, and renewals with manufacturers corresponding to Shiseido, LVMH, Nars, Samsung Electronics UK, and Leroy Merlin. Compelling consumer information additional demonstrated the sturdy adoption pattern with the variety of distinctive viewers growing 286% yr on yr. The information reveals that Bambuser’s One-to-Many product has discovered its market match and is dealing with an unlimited complete addressable market – nonetheless in its infancy and with appreciable untapped alternative.

The interim report is printed at ir.bambuser.com.

Second quarter of the yr (April – June 2022)

  • Q2 2022 ARR of 120,1 (55,2) MSEK, +118% y/y

  • Q2 2022 Internet Gross sales of 49,7 (27,3) MSEK, +82% y/y

  • Q2 2022 adjusted EBITDA of -44.6 (-26,8) MSEK. -76% margin, +1percentp y/y.

  • EBIT -58 MSEK (-42,7)

  • Money circulate from operations -42,6 (-13,8) MSEK.

  • Ending the quarter with a wholesome money place at 442,7 (613,5) MSEK. Money steadiness is adequate to take Bambuser to constructive money circulate.

Remark from CEO, Maryam Ghahremani
“I’m proud to report one more quarter with strong progress. Regardless of a weaker macroeconomic backdrop, we proceed to develop at a fast tempo with ARR rising 118% y/y within the quarter. We see continued sturdy adoption amongst our prospects and their finish customers, evidenced by the variety of distinctive viewers on our One-to-Many platform rising by 286% y/y within the quarter.”

Contact data

Company Communications, Bambuser AB
+46 8 400 160 00 | [email protected]

Licensed Adviser
Erik Penser Financial institution AB | +46 8 463 83 00 | [email protected]

About Bambuser

Bambuser is a software program firm specializing in interactive stay video streaming. The Firm’s main product, Reside Video Purchasing, is a cloud-based software program resolution that’s utilized by prospects corresponding to world e-commerce and retail companies to host stay purchasing experiences on web sites, cell apps and social media. Bambuser was based in 2007 and has its headquarters in Stockholm. Subscribe to Bambuser’s press releases right here.

Attachments

Bambuser Interim Report Q2 2022 FINAL 220727

SOURCE: Bambuser AB

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https://www.accesswire.com/709934/Bambuser-Continued-Sturdy-Enterprise-Momentum-in-the-Second-Quarter-with-ARR-Development-of-118-Yr-on-Yr

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