Annual recurring revenue (ARR) grew by SEK 57.7m, 30.0%, during the last twelve months.
October - December 2022
January – December 2022
CEO’s comments
SignUp started its journey as a listed company during Q4´21 and when we now summarize Q4´22 SignUp has grown ARR beyond SEK 250m and 30% over the last 12 months. To secure future growth we have invested in both product development and our newly formed subsidiaries. The growth in revenue during the quarter was partly a result of the large investments that we have made in the subsidiaries in North America and Benelux. During Q4 we also formed a new subsidiary in the UK which will strengthen our position in the UK and contribute to further growth.
The investments made have adversely impacted the EBITA, which was SEK 3.4m (6.1) during the quarter. However, looking back on the year we have delivered on being a “Rule of 40” company, while making necessary investments in marketing and new personnel to support continued organic growth in the years to come. We are also still actively looking for potential acquisition targets and during the year we have had advanced discussion with two potential objects, but neither fulfilled our high requirements so we will continue looking for targets that will create value for the group and our shareholders.
Finally, I am happy that we participated in two major Microsoft events during the quarter, Convergence in Orlando and Directions in Hamburg, both held for the first time in three years, giving great opportunities to meet customers and partners.
Olof Hedin, CEO