contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Pexip Holding operates in the technology industry. The company specializes in the development of digital platforms for video communication. The software is self-developed and is mainly used for internal monitoring and communication. The customers consist of corporate customers operating in several sectors around the global market. In addition to the main business, various value-added services and technical support are also offered. The largest operations are found in the European market.

Pexip Q4 2024 Quarterly Report.pdf  Pexip Q4 2024 Quarterly Presentation.pdf Esitys: Q4 2024 Financial Results Presentation | Pexip Q4 2024 Highlights  Q4 2024 revenue of NOK 333 million, up 17% y-o-y. Pexip’s subscription base measured in ARR was USD 113.1 million at the end of Q4 2024, up 10% y-o-y. Good development in both business areas with several significant new customer wins in the quarter. Secure and Custom ARR grew 24% year-on-year. Connected Spaces ARR grew 5% year-on-year. Good development with the product Connect for Zoom Rooms, which launched in Q2. Connect for  Zoom Rooms contributed USD 0.5 million in ARR in Q4 2024, including another large Fortune 500 company win. EBITDA excluding other gains and losses amounted to NOK 88.2 million, up from NOK 59.2 million in the same quarter last year. EBITDA including other gains and losses amounted to NOK 85.5 million, up from NOK 54.6 million in the same quarter last year. Free cash flow of NOK 21.1 million in the quarter, down from NOK 33.1 million in Q4 2023, with a cash and money market fund position of NOK 628.2 million and no material interest-bearing debt exiting Q4 2024. Proposed dividend for 2024 of NOK 2.5 per share, consisting of NOK 2.0 in ordinary dividend (103% of 2024 free cash flow) and NOK 0.5 million in extraordinary dividend. "2024 has delivered a clear step-change in performance, reaping the results of the strategy Pexip has executed on since 2022. We continue to build momentum in both business areas and are well on our way to build global leadership positions in the markets we operate in. Based on this we are launching a new long-term financial ambition to reach Rule of 40 performance.” - CEO

cdn.prod.nntech.io              38e21d2f44406e8fc8e76ab4aa5070d8.pdf    170.38 KB                            Q4 Summary Pexip’s subscription base measured in Annual Recurring Revenue (ARR) amounted to USD 102.8 million in Q4 2023, representing a year-on-year increase of 3% from USD 99.6 million in Q4 2022. Pexip grew its overall ARR base with USD 3.0 million from Q3 2023. Connected spaces ARR amounted to USD 63.1 million at the end of Q4 2023, up 3% from Q4 2022. The net revenue retention rate, reflecting the percentage of retained revenue from existing customers, was 98% in Q4 2023 excluding legacy areas. Secure and Custom ARR amounted to USD 36.3 million at the end of Q4 2023, up 13% from Q4 2022. The net revenue retention rate was 99% in Q4 2023 due to lower upsell compared to previous quarters. ARR from Pexip as-a-Service was at USD 48.8 million in Q4 2023, up 5% year-on-year, while ARR from Pexip’s Self-hosted Software ended at USD 53.9 million, up 1% year-on-year. Pexip has delivered on the financial targets for 2023. The Company delivered 3% growth in ARR against the target of flat to positive development in ARR. On EBITDA the Company delivered NOK 113 million adjusted for other gains and losses against a target of NOK 100-150 million. Lastly, the company delivered NOK 105 million in free cash flow against an updated target of NOK 85-100 million (original target of NOK 40-60 million). Our secure solutions are increasingly relevant and awareness around sovereignty and privacy for Government data is increasing, with more countries issuing specific recommendations and regulations. Within interoperability and infrastructure solutions, we continue to capture new accounts, and saw quarter-on-quarter growth in this segment in Q4. The development in the strategic partnerships with both Microsoft and Poly continues to show that Pexip’s focused approach to our key markets makes us an attractive partner in our industry. Pexip announced a new cash distribution policy in November 2023. In line with this policy, the Board of Directors will recommend to the Annual General Meeting a dividend of NOK 1.1 per share, consisting of an ordinary dividend of 0.6 NOK per share and an extraordinary dividend of NOK 0.5 per share.

Q2 report published. The strong SaaS growth in the headline seems to be drifting further away. Q1 vs Q2 brought no growth, and year-over-year growth was only 10%. Preliminary estimates suggest Q2 vs Q3 will also bring no growth.            pexip.com              Pexip%20Q2%202022%20Quarterly%20Report.pdf    773.15 KB                             This guess was accurate. The number of employees has decreased by 100 in a year. If just over a year ago the magic word was bold growth ambition, now the emphasis is on how quickly cash burn can be brought under control. Currently, 2023 is even expected to be a cash-positive year.  This was wrong. Compared to the time of writing, the share price has almost halved and is already approaching single digits. Almost half of the market value is cash. Despite this, the temptation to buy the stock is not great. No growth or revenue loss and potential additional savings (which incur additional costs) sound like the sound of a falling knife to my ears. Perhaps a larger player will acquire the company, but then we’re talking about lottery odds.

Pexip finally got a new CEO. The previous interim CEO continues as CFO. The share price did not pick up after the appointment; today, the lowest stock market price in its history was recorded. Since the beginning of the year, it has come down almost 50%. A significant part of the market value is cash or otherwise liquid assets, so if that comforts the shareholder, the same halving pace cannot continue! It’s time for the new CEO to prove himself. How will the liquid capital be used? Will own shares be bought? Will collective redundancies be implemented, or will complementary technologies be acquired?  Mr. Johannessen comes to Pexip from the Embron Group and has 25 years of experience managing global business development, mainly in business-to-business sectors, as well as having a consultancy background from McKinsey & Co. He also has extensive board experience and is currently the Chair of Webstep ASA, a publicly listed IT consultancy                    websolutions.ne.cision.com              Cision Web Solutions

What an apathetic start to the year! The “re-evaluation” of the growth strategy, or in other words, profitable growth instead of a vigorous, front-loaded growth surge, is not a surprise. Although growth is still promised from Q2 onwards, it is clear that the target reiterated in December (revenue of 300 MUSD by 2024) will not be met. Pareto’s comment mentioned Cisco’s revitalization as one reason for the weak performance. This could explain the negative turn in American growth. In any case, it’s concerning when you’re on a collision course with such a big player and its cash (read: predatory pricing). Target price updates, quite a spread:  Arctic, 65 → 60 NOK (buy)  Pareto, 70 → 26 NOK (hold) Pareto’s comment, translated from Avanza’s pages, describes Pexip’s dilemma well - when it’s not growing and cash is leaking, the story of a growth stock turning into a bad value stock hurts the target price.  Pareto remains positive to Pexip in the long term but thinks that the low multiple of 2 times EV / ARR is reasonably given the combination of low growth and negative cash flows. Pexip is also described as being an interesting buying candidate in a market that has high acquisition activity.

Yeah, now growth stopped last quarter, and talk of updating the growth strategy and profitability began.  For comfort, Peter Lynch’s video comes to mind: a company without debt won’t easily go bankrupt…

The chart is a rather bleak sight, weekly oversold.

Pexip Holding

On 8 December 2022, Pexip Holding ASA (Pexip) has been notified that the two companies Stavanger Venture AS, a major shareholder in Pexip, and Radka Invest AS have merged, thereby affecting ...

<pre>On 8 December 2022, Pexip Holding ASA (Pexip) has been notified that the two companies Stavanger Venture AS, a major shareholder in Pexip, and Radka Invest AS have merged, thereby affecting its shareholding in Pexip. Radka Invest AS, where Pexip board member Kjell Skappel holds 100% of the shares and which has previously held 100% of the shares in Stavanger Venture AS, will after the merge be a part of Stavanger Venture. Following the merge, Stavanger Venture will increase its holdings in Pexip by 22,500 shares to 2,061,063 shares. This corresponds to 1.97% of shares in Pexip. The total number of shares in Pexip held between the two companies remains unchanged. In addition, T.D. Veen AS, where Kjell Skappel is the CEO, holds 6,146,946 shares in Pexip and Veen Eiendom AS, where Kjell Skappel is CEO, holds 2,133,496 shares in Pexip. This information is subject to the disclosure requirements pursuant to Sections 4-3 and 5-12 of the Norwegian Securities Trading Act. For questions, please contact: Christine H. Arnesen, Investor Relations IR@pexip.com, +47 992 64 319 </pre>