Bildkälla: Stockfoto

Leaddesk Q1: Sales and ARR in line - SEB

Leaddesk's Q1 sales were in line with our estimate while the EBITDA missed marginally. Also the ARR in the end of the quarter was in line with our assumption and increased 30% y/y. The company notes that the deployment of the large enterprise customer deals may take up to 12 months, which explains the fact that sales growth lags ARR growth. Our first take is neutral to positive, given the weak share price development since Q4 release.

Leaddesk's Q1 sales were in line with our estimate while the EBITDA missed marginally. Also the ARR in the end of the quarter was in line with our assumption and increased 30% y/y. The company notes that the deployment of the large enterprise customer deals may take up to 12 months, which explains the fact that sales growth lags ARR growth. Our first take is neutral to positive, given the weak share price development since Q4 release.
Börsvärldens nyhetsbrev
ANNONSER