https://speqta.com/en/investors/financial-reports
The merger with BrightBid is reported as a reversed acquisition according to IFRS. All comparison figures in the report only include BrightBid, if not stated otherwise.
Third quarter results in brief
- ARR grew by 82%, compared to the previous year, to KSEK 61 252 (33 700).
- Net sales in the third quarter amounted to KSEK 17 319 (6 285), an increase of 176%, mainly consisting of organic growth in BrightBid.
- Recurring revenue amounted to KSEK 12 900 (4 594) during the quarter, an increase of 181%.
- The EBITDA result amounted to KSEK -15 519 (-6 946). Adjusted EBITDA amounted to KSEK -11 952 (-6 946), after adjusting for transaction and restructuring costs related to the acquisition of BrightBid.
-
Earnings per share amounted to
SEK -0.93 (-0.50). -
Cash flow from operating activities amounted to KSEK -19 955 (-7 513). Cost synergies from the integration of BrightBid and Bidbrain have not yet given full effect during the quarter, but will be visible during the next three quarters.
Speqta is positive about the development of cash flow in the future with cost synergies in combination with continued growth. - Cash and cash equivalents at the end of the period amounted to KSEK 43 756 (10 750).
Speqta's paying customers grew to 494 (264), an increase of 87%.
Events during the quarter
Speqta's acquisition of BrightBid was completed on3 July 2023 .Gustav Westman , founder and CEO of BrightBid, joinedSpeqta's group management at the same time asMalin Blomberg left her position.-
Changes in the Board of Directors were decided at the Extraordinary General Meeting on
21 July 2023 , whereAnders Gustafsson ,Mikael Lindblom ,Christos Stavropoulos , andGustav Westman were elected as new members.André Lavold and Jari Piiponniemi resigned as members and were thanked for their contribution toSpeqta . -
Fredrik Burvall resigned as Chairman of the Board.
Mikael Lindblom was elected as acting Chairman of the Board. -
Several new exciting customer agreements were signed during the quarter, such as
Kristiana University and GetAccept. -
BrightBid has been mentioned in British media such as The
Times , BBC World Business Report, and Forbes. And listed in the G2 Grid forSearch Advertising .
Events after the quarter
- Launched a new service that enables advertising on
Google Shopping for Amazon sellers. -
The Board of Directors has invited for an extra general meeting on
November 24, 2023 . Larger shareholders have suggested Johan Rutgersson as the new Chairman of the Board.
CEO Comment
The growth journey is in full swing together with BrightBid, which
The growth is apparent and with the acquisition of BrightBid, we have a leading service in AI-based marketing that solves a clear problem for online advertisers. The number of customers increased by 22% from the last quarter to 494 customers and recurring revenue increased 41% to
We have a clear plan to realize cost synergies after the acquisition. For example, by removing overlapping support systems and roles, we are gradually reducing the relative cost base. The positive effects have already been seen at the beginning of the fourth quarter and they will continue to be realized during the first half of 2024. At the end of the third quarter, our cash pool amounted to
Our successful ability to innovate. One example is the recently launched world-unique service for sellers on Amazon. At the touch of a button, sellers on Amazon can also advertise on
With the earlier streamlining of the group and the acquisition of BrightBid, we have created a new
Financial calendar
Year-end report 2023:
This information is such information that
Contact
CEO
fredrik.lindros@speqta.com
+46 723 10 66 66
www.speqta.com
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