STOCKHOLM, SWITZERLAND / ACCESS CABLE / July 27, 2022 / Bambuser AB (STO:BUSER)(FRA:5JL)
This fix is posted because the previous one Press release was published without the seal of the EU Market Abuse Regulation (MAR).
Bambuser reported a solid ARR of 120.1 MSEK, an increase of 118% compared to last year. The growth was primarily driven by strong demand from business customers in North America and Europe. The cash balance closed at MSEK 442.7, enough to bring Bambuser into cash flow positive.
The second quarter included significant new contracts, expansions and renewals with brands such as Shiseido, LVMH, Nars, Samsung electronics United Kingdom and Leroy Merlin. Compelling user data further demonstrated the strong adoption trend with the number of unique viewers increasing 286% year over year. The data shows that Bambuser’s One-to-Many product has found its proper market and is facing a huge total addressable market, still in its infancy and with considerable untapped opportunity.
The interim report is published in go.bambuser.com.
Second quarter of the year (April – June 2022)
Q2 2022 ARR of 120.1 (55.2) MSEK, +118% y/yQ2 2022 Net Sales of 49.7 (27.3) MSEK, +82% y/yQ2 2022 Adjusted EBITDA of -44.6 (- 26, 8) MSEK. -76% margin, +1%pa/a.EBIT -58 MSEK (-42.7)Cash flow from operations -42.6 (-13.8) MSEK.Ending the quarter with a healthy cash position at 442, SEK 7 (613.5) million. The cash balance is sufficient to bring Bambuser into positive cash flow.
Comment from CEO, Maryam Ghahremani
“I am proud to report another quarter of strong growth. Despite a weaker macroeconomic backdrop, we continue to expand at a rapid pace with ARR growing 118% y/y in the quarter. We see continued strong adoption among our clients and their end consumers, evidenced by the number of unique viewers on our One-to-Many platform growing 286% annually in the quarter.”
Corporate Communications, Bambuser AB
+46 8 400 160 00 | [email protected]
Bank Erik Penser AB | +46 8 463 83 00 | [email protected]
Bambuser is a software company that specializes in live interactive video streaming. The company’s flagship product, Live Video Shopping, is a cloud-based software solution used by clients such as global e-commerce and retail companies to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and is based in Stockholm. Subscribe to Bambuser press releases here.
This information is information that Bambuser AB is required to make public under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons indicated above, on 2022-07-27 09:43 CEST.
FONT: Bambuser AB