The Adjusted EBITDA margin improved by 6%p. year over year (y/y). The free cash flow margin also improved by 15%p. y/y.
Q3 2023 Key highlights
- ARR of
SEK 123.0 million , -13% y/y at constant exchange rates (“CER”). Net Sales ofSEK 43.7 million (48.0) with SaaS revenue growth of +1% y/y.- Adjusted EBITDA of
SEK -25.2 million (-34.6), representing a -53% margin and a 6%p. margin improvement vs. Q3 2022. - Free Cash Flow of
SEK -33.6 million (-43.9), representing a -77% FCF margin and a 15%p. margin improvement vs. Q3 2022. - End of quarter Cash Balance of
SEK 291.6 million (401.0), which is sufficient to takeBambuser to positive cash flow. - Significant improvement in churn, with a 60% reduction in absolute numbers q/q.
Bambuser initiates strategic review of its influencer marketing unit Relatable, which may include a full sale of the business.
The full Q3 2023 report is published at https://ir.bambuser.com/report-archive
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