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Divio Technologies

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Divio Technologies AB (publ) increased subscription revenues by 10% in Q1 2024

MAR

SUMMARY OF THE REPORT

First quarter: 1 JAN 2024 TO 31 MAR 2024

  • Net sales increased by 9%, to KSEK 5,100 (4,661) 
  • Subscription revenue was KSEK 4,864 (4,440) 
  • MRR in March was up 11% to KUSD 138 (138)
  • EBIT was KSEK -5,851 (-3,577) 
  • EPS before dilution was SEK -0,04 (-0,03) 
  • Cash position was KSEK 5,356 (9.145)

Significant events (First quarter)

  • Divio receives a contract extension of the value of approximately 12 MSEK whereof 8 MSEK is to be prepaid
  • Launch of self-service offering enabling free trials without hands-on involvement from Divio which will generate relevant leads for the sales team

Significant events after the quarter

  • Payment of approximately MSEK 8 was received in April 2024 for above mentioned support contract extension


First quarter (3 months)
Full year (12 months)
KSEK
20242023%
2023
Key Financials





Subscription revenue
4,8644,44010%
18,648
Professional services revenue2362217%
1,216
Net sales5,1004,6619%
19,864
Total revenue
6,7475,86415%
27,075
Costs
-11,051-7,982-38%
-35,384
EBITDA
-4,304-2,118-103%
-8,309
Dep / Am
-1,547-1,459-6%
-5,984
EBIT
-5,851-3,577-64%
-14,293







MRR (KUSD)
15313811%
153
Cash position
5,3569,145-41%
12,637

Press enquiries

For further information about Divio Technologies, please visit divio.com or contact CEO Jon Levin (ir@divio.com)
The company’s Certified Adviser is FNCA Sweden AB.

About Divio Technologies

Divio Technologies AB (Publ) is the PaaS and Cloud Management Software development group behind the Divio platform, which simplifies cloud hosting, deployment and development via a PaaS solution. The platform allows enterprises to reduce costs, time to market and the burden on employees, as well as decreasing dependency on cloud vendors.

This information is information that Divio Technologies 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 2024-05-15 08:30 CEST.

Attachments

2024Q1 Report DIVIO

Datum 2024-05-15, kl 08:30
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2024Q1 Report DIVIO
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