Impero (One-pager): Continues high ARR growth while improving capital efficiency

Following the Q3 2023 report this Tuesday, we have updated our investment case one-pager on Impero. Impero maintained its full-year 2023 guidance after the company grew ARR by 38% YoY and at the same time improved its capital efficiency in Q3 2023.

In the report, Impero also commented that they have been evaluating its funding needs for additional growth investments. This implies that Impero in the near term will explore the possibility of completing a directed issue at market price with gross proceeds up to DKK 10m (with the option for the Board of Directors to increase this amount with DKK 4m).

The updated investment case one-pager provides insights into key investment reasons and risks as well as perspectives on key SaaS metrics and valuation multiples across selected Danish SaaS companies.

Disclaimer: HC Andersen Capital receives payment from Impero for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 16:00, 16 November 2023.