Pexip Q1 2022 Annual Recurring Revenue at USD 106 million – Targets profitability from Q4 2022
(Oslo, Norway, April 7, 2022) In this trading update, Pexip Holding ASA (“Pexip” or “The Company” Oslo Børs Ticker: PEXIP) presents its Annual Recurring Revenue (ARR) for the first quarter (Q1) of 2022. At the end of Q1 2022, Pexip’s ARR is 21% higher year-on-year. In Q1 2022, Pexip’s ARR was reduced by USD 0.8 million, impacted by common seasonality that slowed new sales and by changes in a pricing model with a strategic partner.
Source: di.se