Q3 report 2024 – Growth picking up

Company announcement Q3 report 2024 – Growth picking upQ3 2024 had the best quarterly net ARR increase in 2024, despite the expected high churn. The Equity was negative by the end of Q3 2024, and Konsolidator is working diligently to reestablish equity. The first step was initiated in Q3 2024 and completed in October, resulting in a share issue with net proceeds of DKK 2.2m. Financial report for the period January 1 to September 30, 2024 Annual Recurring Revenue (ARR) amounted to...

Søborg, 07/11/2024 (informazione.it - comunicati stampa - economia)

Q3 report 2024 – Growth picking up

Q3 2024 had the best quarterly net ARR increase in 2024, despite the expected high churn. The Equity was negative by the end of Q3 2024, and Konsolidator is working diligently to reestablish equity. The first step was initiated in Q3 2024 and completed in October, resulting in a share issue with net proceeds of DKK 2.2m.

Financial report for the period January 1 to September 30, 2024

Annual Recurring Revenue (ARR) amounted to DKK 20m corresponding to an annual growth of 7%. In Q3 2024, Annual Recurring Revenue (ARR) increased by TDKK 456 compared to TDKK 27 for Q3 2023.

The net ARR increase in Q3 2024 has been the best quarterly increase in 2024.

In Q4 2024, the plan is to take the necessary steps to reestablish equity, either through operations, a capital increase, or a combination of both.

“New sales are picking up and we have experienced an increased interest from larger customers. Unfortunately, we still have too big a churn which impacts the net ARR growth but will be improved in 2025.” says CEO Claus Finderup Grove

Financial highlights

SaaS metrics

Outlook

Full year guidance is maintained. However, reaching a revenue at the indicated interval will require that new sales are realized in one of the new business segments.

Investor webinar

Contacts

Certified Adviser

About Konsolidator
Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

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