Annual recurring revenue (ARR) grew by SEK 16.6m correpsonding to 8 percent from the end of Q1 2022.

April – June 2022

  • Annual recurring revenue (ARR) grew by
    • SEK 16.6m, 8.0 %, from the end of Q1 2022 and by
    • SEK 64.7m, 40.4 %, in the last 12 months.
  • At the end of Q2, ARR amounted to SEK 224.9m (160.2).
  • Net sales for the period amounted to SEK 60.7m (45.2) which correspond to a growth of 34.3 % compared to Q2 2021.
  • EBITA margin 4.9 % (17.6).
  • Net Profit SEK 1.7m (4.7).
  • Earnings per share 0.067 SEK/share.
  • Earnings per share 0.066 SEK/share after dilution

CEO’s Comments
During the second quarter of 2022, we continued our growth journey with an ARR growth of SEK 16.6m, 8.0 percent, during the quarter, and with SEK 64.7m, 40.4 percent, over the last 12 months.

In the somewhat challenging macro-economic climate, it is reassuring that SignUp has been able to continue to grow. We have, as communicated in the previous report, continued our geographical expansion by establishing a new subsidiary in Singapore, from where we can continue to drive revenue growth and support clients and partners in a fast-growing market.
We have also continued to invest in our delivery and sales capabilities by welcoming seven new employees to SignUp during the second quarter of the year.

The EBITA margin for the quarter was 4.9 percent, which is below our medium-term target and a decline compared to the previous quarter (8.5 percent) and the same period previous year (17.6 percent). The lower EBITA level is primarily a result of the increased number of employees and the continued investment in our presence on the North American market, being the market with the largest potential. In total our investment in the North American market has lowered the EBITA with SEK 8m during the first two quarters of the year.

With the investments made in new employees and market expansion we are now prepared to continue our profitable growth journey.

Olof Hedin, CEO

Contacts

Olof Hedin, CEO, SignUp Software AB
Mob: +46 730 21 15 07
E- mail: olof.hedin@signupsoftware.com

Mattias Ek, CFO, SignUp Software AB (publ)
Mob: +46 735 33 00 13
E- mail: mattias.ek@signupsoftware.com

Certified Advisor, FNCA Sverige AB
Phone: +46 8 528 00 399
E- mail: info@fnca.se

About Us

SignUp is a fast-growing software company that offers a comprehensive solution, ExFlow, for accounts payable automation built into Microsoft's Dynamics ERP. The Company has established itself as a global player with a number of large companies as customers and several partnerships. SignUp was founded in 1999 and is headquartered in Solna, Sweden with additional offices in Denmark, Australia, Singapore, Canada, the Netherlands and the USA.

This information is information that SignUp Software 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 2022-07-15 07:30 CEST.

Attachments

SignUp Software AB (publ) Q2 2022

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