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Leaddesk Q1: Sales in line, ARR growth slightly below our estimate - SEB

Leaddesk delivered Q1 broadly in line with our estimates. The sales were in line while the ARR growth came in slightly behind our assumption. On a positive note the improved momentum in Enterprise customer segment has continued and the company advances in continental Europe. Guidance was repeated and looks achievable to us. However, we note that the small miss in ARR sets pressure for near-term estimates.

Leaddesk delivered Q1 broadly in line with our estimates. The sales were in line while the ARR growth came in slightly behind our assumption. On a positive note the improved momentum in Enterprise customer segment has continued and the company advances in continental Europe. Guidance was repeated and looks achievable to us. However, we note that the small miss in ARR sets pressure for near-term estimates.
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