Annual recurring revenue (ARR) grew by SEK 15.9m (8.3 %) from the end of Q4 2021.

January – March 2022

  • Annual recurring revenue (ARR) grew by SEK 15.9m (8.3 %) from the end of Q4 2021 and by SEK 57.6m (38 %) in the last 12 months. At the end of Q1, ARR was SEK 208.3m (150.7).
  • Net sales for the period amounted to SEK 55.9m (41.9) which correspond to a growth of 33.4 % compared to Q1 2021.
  • EBITA margin 8.5 % (17.9 %).
  • Earnings per share 0.015 SEK/share.

CEO’s comments
During the first quarter of 2022, we continued our growth journey and ARR grew by SEK 15.9m, 8.3 percent, during the quarter and with SEK 57.6m, 38 percent, the last 12 months. We now have over 1200 customers using ExFlow across the globe.

We continued our expansion according to plan with investments in both the number of employees and in business development activities. This is positive for our ARR growth but, as previously communicated, impacts our profitability. The EBITA margin for the quarter was 8.5 percent which was lower than in the previous quarter (11.6 percent). This is a result of a higher cost level primarily related to personnel cost and an effect of us attracting 15 new co-workers, 10 new employees and 5 potential employees undergoing our talent program, during the quarter. I am very proud of us being able to attract both junior and senior talents both nationally and internationally in a very competitive market for th e competences necessary for our future growth.

Our operations in the Netherlands have now been active for 9 months and we are happy to see that we are already profitable. We are also planning to establish SignUp in two new geographies within the next 6 months.

SignUp’s exposure towards the conflict in Ukraine is limited, but the situation is deeply saddening, and my thoughts goto all affected by the conflict.
 
Olof Hedin, CEO

Contacts

Olof Hedin, CEO, SignUp Software AB
Mob: +46 730 21 15 07
E- mail: olof.hedin@signupsoftware.com

Mattias Ek, CFO, SignUp Software AB (publ)
Mob: +46 735 33 00 13
E- mail: mattias.ek@signupsoftware.com

Certified Advisor, FNCA Sverige AB
Phone: +46 8 528 00 399
E- mail: info@fnca.se

About Us

SignUp is a fast-growing software company that offers a comprehensive solution, ExFlow, for accounts payable automation built into Microsoft's Dynamics ERP. The Company has established itself as a global player with a number of large companies as customers and several partnerships. SignUp was founded in 1999 and is a global company with 100 full-time employees, headquartered in Solna with additional offices in Denmark, Australia, the Netherlands and the USA.

This information is information that SignUp Software 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 2022-04-27 08:00 CEST.

Attachments

SignUp Software AB (publ) Q1 2022

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