Agillic: New total ARR and revenue guidance upgrade for 2022

Today, Agillic has raised its guidance for 2022 on total ARR and revenue for the third time in 2022. The revenue guidance is now DKK 65-67m (previously DKK 61-65m), and the total ARR is now expected to be DKK 72-78m (previously DKK 68-76m).
Looking at the ARR split between subscriptions and transactions, the upgrade is driven by ARR transactions as this is upgraded to DKK 18-21m (previously DKK 12-16m), and the guidance range for ARR subscriptions is lowered to the range DKK 54-57m (previously DKK 56-60m). This indicates that the engagement on the Agillic platform has been high, however, the lower ARR subscriptions range could be a result of the uncertain macroeconomic environment. EBITDA guidance is kept in the range of DKK 0 to 3m.
Yesterday, Agillic also announced the Norwegian Society of Engineers and Technologists (NITO) as a new customer through its Norwegian partner, Bas Kommunikasjon.
Agillic’s CEO and CFO were represented at our Nordic Virtual Growth Days event last week. Watch the presentation here: https://www.youtube.com/watch?v=F4F86Srh3ZU
HC Andersen Capital receives payment from Agillic for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 13:55 20/12-2022.
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