Guides for 34-42% FY'24 ARR growth (vs. ABGSCe at 30%) No outlook comments - we await the annual report later today Cons to lift '24 ARR by 4-10%, profitability likely by more
Sets FY'24 ARR and revenue guidance
Today, Relesys has announced its FY'24 ARR and revenue guidance. The company guides for FY'24 ARR of DKK 83m-88m (above unrevised ABGSCe of DKK 80m), corresponding to 34-42% y-o-y growth. It also guides for revenues of DKK 72m-76m (vs. ABGSCe of DKK 72m), equivalent to 26-33% y-o-y growth. The company has not provided any specific outlook statements regarding '24, but states that the guidance assumes continued high market growth, continued low churn, continued strong net uplift, and stable FX rates. The revenue guidance range further assumes a continued short onboarding time of new clients.