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At the beginning of the week, OrderYOYO released its half-year 2023 results. The company also maintained its 2023 guidance which was upgraded for the third time in a trading update in July.
In the report, one of the main news was that June 2023 was the first month where they saw positive cash EBITDA. This is an important milestone because it means that operations are now self-sustaining and independent of external capital. Moreover, OrderYOYO guided that they expect to be Cash EBITDA positive on a quarterly basis going forward.
Today, we hosted an event with CEO Jesper Johansen, CFO Jesper Hyveled, and Deputy CEO Matthias Thom. Besides the focus on what drives growth momentum in challenging markets, the management also looked into profitability and margins, and how that could look in a long-term perspective.
OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing, and business management solutions.
Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 14:30 24 August 2023.