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Clavister Q4 2022: Growth, Positive EBITDA and Greatly Improved Cash-flow

MAR

February 16, 2023, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions released its latest quarterly report for 2022

  • Positive and greatly improved EBITDA.
  • Positive cash flow from underlying business.
  • Reported OPEX decreased with 20%.

“We continue to drive growth and for the second consecutive quarter, we reported positive EBITDA. The period saw a positive and significantly improved cash flow from operations. The firewall and IAM businesses developed strongly, and commercial deliveries have started in the defense sector.”

John Vestberg, President and CEO

The fourth quarter

  • Order Intake amounted to 43.3 (44.3) MSEK.
  • Net Sales amounted to 39.6 (36.0) MSEK. FX adjusted Net Sales amounted to 37.9 (35.9).
  • Recurring revenue grew with 0 (43.3) %.
  • Gross Profit amounted to 34.2 (31.5) MSEK, corresponding to a gross margin of 78.9 (85.1) %.
  • EBITDA amounted to 0.4 (-11.6) MSEK.
  • EBIT amounted to -10.1 (-20.7) MSEK.
  • Net Profit amounted to -32.4 (-29.3) MSEK and earnings per share to -0.57 (-0.53) SEK.
  • Cash and cash equivalents amounted to 42.4 (49.9) MSEK.

No material post-closing events have occurred.

The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2022-2/

At 09:00 CET, February 16, Clavister’s CEO John Vestberg and CFO, David Nordström will be presenting the quarterly results in a live web session. Following the presentation, the audience will be given the opportunity to ask John and David questions in a Q&A session. Register at https://www.clavister.com/company/investor-relations/financial-reports/2022-2/

About Clavister

Clavister is a specialised European cybersecurity company, protecting complex digital businesses for more than two decades. Founded and headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to build robust and adaptive cybersecurity solutions since. Empowering a growing ecosystem of partners and resellers, we have been serving customers in more than 100 countries with 125,000+ deployments across public sector, service provider and defence sectors. Network, cloud, mobile, end points - we secure them all.
 
The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: info@fnca.se)

For more information or media inquiries contact:

For more information about Clavister, please see: https://www.clavister.com/  
 
For more information or media inquiries contact: Clavister Media Relations: clavister@aspectusgroup.com  

This information is information that Clavister Holding AB 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 2023-02-16 07:24 CET.

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Clavister 2022 Q4 Quarterly Report EN

Datum 2023-02-16, kl 07:24
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Clavister 2022 Q4 Quarterly Report EN