SignUp Software AB (publ) Year-End Report January - December 2022
Annual recurring revenue (ARR) grew by SEK 57.7m, 30.0%, during the last twelve months.
October - December 2022
- Annual recurring revenue (ARR) grew by SEK 8.9m, 3.7%, from the end of Q3 2022.
- At the end of Q4, ARR amounted to SEK 250.1m (192.4).
- Net sales for the period amounted to SEK 67.7m (52.6) which correspond to a growth of 28.7% compared to Q4 2021.
- EBITA amounted to SEK 3.4m (6.1), a margin of 5.0% (11.6) of net sales.
- Net Profit SEK -1.1m (2.1).
- Earnings per share SEK -0.05.
- Earnings per share after dilution SEK -0.05.
January – December 2022
- Annual recurring revenue (ARR) grew by SEK 57.7m, 30.0%, from the end of Q4 2021.
- Net sales for the period amounted to SEK 244.9m (186.5) which correspond to a growth of 31.3% compared to the same period last year.
- EBITA amounted to SEK 21.5m (32.7), a margin of 8.8% (17.5) of net sales.
- Net Profit SEK 8.7m (18.1).
- Earnings per share SEK 0.36.
- Earnings per share after dilution SEK 0.36.
- Proposed dividend of SEK 0.25 (0.0) per share.
CEO’s comments
SignUp started its journey as a listed company during Q4´21 and when we now summarize Q4´22 SignUp has grown ARR beyond SEK 250m and 30% over the last 12 months. To secure future growth we have invested in both product development and our newly formed subsidiaries. The growth in revenue during the quarter was partly a result of the large investments that we have made in the subsidiaries in North America and Benelux. During Q4 we also formed a new subsidiary in the UK which will strengthen our position in the UK and contribute to further growth.
The investments made have adversely impacted the EBITA, which was SEK 3.4m (6.1) during the quarter. However, looking back on the year we have delivered on being a “Rule of 40” company, while making necessary investments in marketing and new personnel to support continued organic growth in the years to come. We are also still actively looking for potential acquisition targets and during the year we have had advanced discussion with two potential objects, but neither fulfilled our high requirements so we will continue looking for targets that will create value for the group and our shareholders.
Finally, I am happy that we participated in two major Microsoft events during the quarter, Convergence in Orlando and Directions in Hamburg, both held for the first time in three years, giving great opportunities to meet customers and partners.
Olof Hedin, CEO