Pexip Holding ASA

PEXIP

Equity

ISIN NO0010840507 / Valor 54571439

Oslo Stock Exchange (2024-12-23)

NOK 45.30+2.95%

Pexip Holding ASA
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About company

Pexip Holding ASA is a global technology company specializing in video conferencing solutions and collaboration software. With a focus on providing secure and flexible communication platforms, Pexip enables seamless integration between different video conferencing systems and devices, catering to the needs of modern enterprises and organizations. The company's operations are supported by key corporate roles in Business Operations, Finance, and Human Resources, which are instrumental in managing the financial and operational aspects of the business. These roles ensure the smooth functioning of Pexip's global operations, underpinning the company's success in the competitive video conferencing market. Through its commitment to innovation and quality, Pexip aims to address the evolving communication requirements of businesses worldwide, offering solutions that facilitate efficient and effective collaboration.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

Pexip Holding ASA reported a revenue of NOK 292 million for Q1 2024, marking a 12% increase compared to NOK 260.6 million in Q1 2023. This growth is attributed to the increase in Annual Recurring Revenue (ARR) and some positive currency impacts.

EBITDA Improvement

The company's EBITDA for Q1 2024 was NOK 57.7 million, up from NOK 35.1 million in Q1 2023, reflecting a 20% EBITDA margin compared to 13% in the previous year. Adjusted EBITDA, excluding other gains and losses, was NOK 64.4 million, up from NOK 34.8 million, indicating a 22% margin.

Cash Flow and Financial Position

Pexip Holding ASA reported a positive cash flow of NOK 105 million for Q1 2024, with a cash position of NOK 628 million and no material interest-bearing debt. The company continues to maintain a robust financial position with total assets amounting to NOK 2,140 million and total equity of NOK 1,617 million.

ARR and Subscription Base

Pexip's subscription base, measured in Annual Recurring Revenue (ARR), amounted to USD 104.8 million in Q1 2024, representing a 6.6% year-on-year increase from USD 98.3 million in Q1 2023. The ARR from Pexip as-a-Service was USD 50.2 million, up 10% year-on-year, while ARR from Pexip’s Self-hosted Software ended at USD 54.6 million, up 3% year-on-year.

Regional Revenue Distribution

In Q1 2024, the Americas was the largest sales area for Pexip Holding ASA, generating NOK 137.1 million in revenue, a 16% increase from NOK 118.5 million in Q1 2023. Europe, Middle East, and Africa (EMEA) followed with NOK 132.4 million, up 8%, and Asia-Pacific (APAC) accounted for NOK 22.4 million, an 18% increase from NOK 19.1 million in the previous year.

Summarized from source with an LLMView Source

Key figures

76.7%1Y

17.4%3Y

%5Y

Performance

36.7%1Y

55.2%3Y

56.1%5Y

Volatility