SUMMARY OF THE REPORT
First quarter: 1 JAN 2024 TO 31 MAR 2024
- Net sales increased by 9%, to KSEK 5,100 (4,661)
- Subscription revenue was KSEK 4,864 (4,440)
- MRR in March was up 11% to KUSD 138 (138)
- EBIT was KSEK -5,851 (-3,577)
- EPS before dilution was SEK -0,04 (-0,03)
- Cash position was KSEK 5,356 (9.145)
Significant events (First quarter)
- Divio receives a contract extension of the value of approximately 12 MSEK whereof 8 MSEK is to be prepaid
- Launch of self-service offering enabling free trials without hands-on involvement from Divio which will generate relevant leads for the sales team
Significant events after the quarter
- Payment of approximately MSEK 8 was received in April 2024 for above mentioned support contract extension
| First quarter (3 months) | Full year (12 months) | |||||||
| KSEK | 2024 | 2023 | % | 2023 | ||||
| Key Financials | ||||||||
| Subscription revenue | 4,864 | 4,440 | 10% | 18,648 | ||||
| Professional services revenue | 236 | 221 | 7% | 1,216 | ||||
| Net sales | 5,100 | 4,661 | 9% | 19,864 | ||||
| Total revenue | 6,747 | 5,864 | 15% | 27,075 | ||||
| Costs | -11,051 | -7,982 | -38% | -35,384 | ||||
| EBITDA | -4,304 | -2,118 | -103% | -8,309 | ||||
| Dep / Am | -1,547 | -1,459 | -6% | -5,984 | ||||
| EBIT | -5,851 | -3,577 | -64% | -14,293 | ||||
| MRR (KUSD) | 153 | 138 | 11% | 153 | ||||
| Cash position | 5,356 | 9,145 | -41% | 12,637 | ||||
Press enquiries
For further information about Divio Technologies, please visit divio.com or contact CEO Jon Levin (ir@divio.com)
The company's Certified Adviser is FNCA Sweden AB.
About Divio Technologies
Divio Technologies AB (Publ) is the PaaS and Cloud Management Software development group behind the Divio platform, which simplifies cloud hosting, deployment and development via a PaaS solution. The platform allows enterprises to reduce costs, time to market and the burden on employees, as well as decreasing dependency on cloud vendors.
This information is information that Divio Technologies is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-15 08:30 CEST.
