Briox

Slight miss from lower sales and higher personnel costs... ... but ARR growth was strong at +57% y-o-y Establishing a leading position in the micro segment Continued strong ARR growth, +57% y-o-y Briox delivered a Q2 with continued strong ARR growth,...

ARR of SEK 14.3m, up 52% y-o-y in Q1'23 Costs kept up with revenue growth We trim '23e EBITDA to SEK -13.7m (-12.0m) Sales above ABGSCe, but so were costs Briox delivered strong ARR growth of 52% y-o-y in Q1, bringing ARR to SEK 14.3m. With this, Briox...

A report in line with expectations Briox's Q4 had high growth and stable opex. Sales were SEK 2.4m (-1% vs. ABGSCe SEK 2.4m). EBITDA was SEK -6.2m vs. ABGSCe at SEK -6.3m. Sales continued to grow faster than costs in Q4, showcasing the underlying scalability...

ARR of SEK 11m in Q3, up 47% y-o-y We cut 2022e sales by 6% on the slightly soft Q3 Share trading at 15x-12x EV/sales on ’23e-’24e Sales up 31% y-o-y, Q3 EBIT slightly down Briox grew sales and ARR at a rapid pace in Q3, while keeping costs under control...

ARR crossed SEK 10m in Q2, up 44% y-o-yEsts: slightly lower sales ‘22e, higher product dev. costsShare trading at 15x-12x EV/sales on ‘23e-‘24eBriox grew sales 49% and secured new financing Q2Briox maintained a high growth rate in Q2, expanding sales...

Q1 ARR of SEK 9.4m, +68% y-o-yReport relatively in line with our expectationsShare trading at 12x-10x ‘23e-’24e EV/salesContinued focus on the micro business segmentBriox delivered another quarter with strong growth while keeping costs under control....

Briox reported a strong Q4, with sales increasing 64% y-o-y to SEK 1.9m (+9% vs. ABGSCe). ARR increased 50% y-o-y and ended 2021 at SEK 8m. It is encouraging to see that the new product package and the initiatives to simplify the onboarding process for...

Sales +39% y-o-y (+5% vs. ABGSCe), ARR +34% y-o-yWe raise ’22-‘23e sales and EBIT by 1%‘21e, ‘22e and ‘23e EV/sales of 37x, 23x, and 17xBriox’s Q2 sales grew 39% y-o-y and were 5% better than our expectations (SEK 1.63m vs. ABGSCe SEK 1.55m). EBIT of...

Sales +29% y-o-y (+4% vs. ABGSCe), ARR +30% y-o-y’21-‘23e sales raised by 2%, 6%, and 1%‘21e, ‘22e and ‘23e EV/sales of 39x, 23x, and 17xBriox’s Q2 sales grew 29% y-o-y and were 4% above our expectations (SEK 1.4m vs. ABGSCe SEK 1.3m). EBIT of SEK -5...