Relesys A/S | Interim financial report H1 2023
Company Announcement No. 9-2023
First half-year period:
Relesys achieved an Annual Recurring Revenue (ARR) of DKKm 51.8 and executed the first half of the financial year in accordance with the plan. Current financial guidance remains unchanged.
Summary:
** ARR increased from DKKm 38.2 in Q2 2022 to DKKm 51.8 in Q2 2023, corresponding to 36% year-on-year growth.
** NRR last twelve months was 109%.
** ARR net uplift last twelve months was 13%.
** ARR churn last twelve months was 5%.
** Revenue grew from DKKm 20.7 in H1 2022 to DKKm 26.7 in H1 2023, corresponding to 29% year-on-year growth.
** The cash balance at the end of H1 was DKKm 24.7. Free Cash Flow Multiple last 12 months was -1.2.
The cash balance of DKKm 24.7 is considered sufficient to take Relesys to a positive cash flow.
As described in the Q1 2023 presentation, Relesys is focusing more on enterprise clients. During the period, Relesys has repeatedly been confirmed in its strong product-market fit. The Relesys platform, in its current form, provides value for all non-desk workers, particularly those in the retail industry as evidenced by the ongoing rollout with
The focus on the Enterprise clients has led to a change in the competency requirements of Relesys employees, particularly in sales and marketing. As a result, changes were made in both leadership and non-leadership positions. Emil Dyrvig has taken on the role as Chief Revenue Officer (CRO). Emil joins Relesys from his previous position as CRO at Templafy, where he played a key role in establishing Templafy in
Financial Guidance 2023:
For 2023, Relesys expects continued growth in both ARR and Revenue. Guidance remains unchanged with ARR of DKKm 59-64 and Revenue of DKKm 54-60 by the end of 2023. This is unchanged from what was presented in the Q1 2023 announcement.
CONTACT INFORMATION
Relesys A/S
Jesper Roesgaard, CEO
Mobile (+45) 28 45 97 97
Email: jero@relesys.net
Relesys A/S Orient Plads 1, 2., 2150 Nordhavn,
Mobile (+45) 26 71 01 02
Email: mala@relesys.net
Relesys A/S Orient Plads 1, 2., 2150 Nordhavn,
Certified Adviser
Mobile (+45) 31 79 90 00
ABOUT RELESYS
Relesys is a Software as a Service (SaaS) company founded with the sole purpose of creating a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance, by providing employees access to an intuitive user-friendly app, with all the information they need to succeed in their jobs, thus improving the overall performance.
Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who is isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally.
On
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