Figures in parentheses refer to the equivalent period in the previous year unless otherwise stated. Figures presented in this business review are unaudited.
July-
- Revenue
EUR 7,336 (7,012) thousand, growth 4.6% -
Annual recurring revenue contract base
EUR 25,709 (23,825) thousand, growth 7.9%[1] -
EBITDA
EUR 1,095 (996) thousand, 14.9% (14.2) of revenue
January-
- Revenue
EUR 21,809 (20,776) thousand, growth 5.1% -
Annual recurring revenue contract base
EUR 25,709 (23,825) thousand, growth 7.9% - EBITDA 2,914 (2,344) thousand, 13.4% (11.3) of revenue
CEO
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Profitable growth continues
In the third quarter, our revenue increased by 4.6% compared to the same period last year. Our monthly recurring revenue grew faster than total revenue and was
We are proud of the development of our growth story considering the context where, as in the first quarter of the year, the weakened Swedish and Norwegian krona exchange rates significantly impacted our revenue in this quarter. At the exchange rates of the same period last year, our revenue for January-September would have been approximately
Quarterly EBITDA margin was 14.9% (Q3/2022 14.2%). For the full year, our EBITDA margin is in line with our guidance.
Significant steps in the development of AI features
We have made rapid progress in developing the AI features of the
In the third quarter, we took three of our AI features from the pilot phase into production, i.e., into daily use by our customers. Thanks to our rapid development, the production phase solutions have already started to generate revenue.
We are making good progress towards our goal for AI solutions. By early 2025, all our customers should use at least one of
The three AI tools in production improve the customer service and sales of the companies using our products. The tools also improve customer service and sales reporting and quality management. During the third quarter, our product development team also made progress in developing our AI transcriber, which now converts speech to text more efficiently. Our solution focuses on an exciting market: the automatic speech-to-text conversion of phone call recordings in European languages. Our solution has particularly interested customers in the social and healthcare sectors, as it allows confidential data to be processed without third parties.
A positive outlook on the acquisition market
This summer, we completed the acquisition of Länsilinkki Oy. The integration of Länsilinkki's business into
We are also constantly evaluating other potential acquisition targets. We are particularly interested in companies with cutting-edge AI, omnichannel, workforce management or work automation expertise.
There are many attractive companies for us to consider, and company valuations are more realistic than before.
Looking ahead to the last quarter of the year with gratitude
The past year has been challenging for the company's growth due to the impact of exchange rates. I am, therefore, delighted that the
Future prospects
Outlook and guidance for 2023
The company repeats the guidance on revenue and profitability given on
Financial information
The company estimates that it will publish its 2024 reporting schedule on
Board of Directors
More information
Olli Nokso-Koivisto, CEO,
+358 44 066 5765
olli.nokso-koivisto@leaddesk.com
Approved advisor:
Distribution:
Nasdaq
Relevant media
http://www.leaddesk.com
[1] The value of the recurring revenue contract base is calculated by converting a contract denominated in a currency other than the euro into euro at the exchange rate for the month in which the contract enters the contract base or when existing contracts are amended.
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