STOCKHOLM, SWEDEN / ACCESSWIRE / October 27, 2022 / Bambuser AB (STO:BUSER)(FRA:5JL) Bambuser reports ARR of SEK 142.4 million, an increase of 98% year over year driven by continued strong customer demand. The cash balance was SEK 401 million at quarter end, and Bambuser reiterates that the cash position will be sufficient to take the Company to positive cash flow.
In Q3 2022 Bambuser signed several new enterprise customers across all markets and renewed and expanded a number of significant MSA contracts, including a Japanese fashion conglomerate who is now active with Bambuser in more than 17 markets, and the world's leading Home Furnishing brand who has now deployed Bambuser's software across 29 markets. Following improved sales efficiency, the Adjusted EBITDA margin improved by 23%-points quarter over quarter.
Q3 2022 Key highlights
ARR of SEK 142.4 million, +98% y/y primarily driven by strong sales growth in the Americas.
Net Sales of SEK 47.9 million (41.5) with SaaS revenue growth of +52% y/y.
Adjusted EBITDA of -34.6 million (-19.6), representing sequential margin improvement q/q.
Free cash flow of SEK -43.9 million (-54.1).
Cash balance of SEK 401 million (568.8), sufficient to take Bambuser to positive cash flow.
New Augmented Reality capability launched as part of Bambuser's One-to-One product.
The full Q3 2022 report is published at https://ir.bambuser.com/report-archive
Bambuser is the world's leading Live Shopping SaaS company with the largest customer base in its industry. More than 300 brands from 56 countries leverage Bambuser's best-in-class solutions.
Bambuser is truly global with headquarters in Stockholm and offices in New York, London, Tokyo, and Turku. Our rapidly growing team speaks more than 25 languages and 60% of our senior management is female.
Founded in 2007 as a live streaming pioneer, Bambuser pivoted to Live Shopping in 2019, leveraging our legacy as industry-leaders in video-first technology. Subscribe to Bambuser's press releases here.
Corporate Communications, Bambuser AB
+46 8 400 160 00 | firstname.lastname@example.org
Erik Penser Bank AB
This information is information that Bambuser AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-27 08:00 CEST.
SOURCE: Bambuser AB
View source version on accesswire.com: