Interim report
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bam buser Interim Report Q3 July - Sep 2021 Strong growth in Q3 with an increased MRR of + 213 % YoY , while TCV grew + 1043 % YoY I am so proud that we finished the third quarter by setting a true landmark record in the books . Our MRR grew by 213 % YoY to SEK 6 million . Q3 2021 will also go to history as the first major test for Bambuser , as many of our customer contracts had their first anniversary and were up for renewal . Therefore , the MRR growth is not only a result of the strong demand from new customers but also , and perhaps most importantly , the excellent retention we see with our customer base . Maryam Ghahremani , CEO Third quarter ( July - September 2021 ) Total revenue amounted to 49.0 MSEK ( 12.2 ) Net Sales amounted to 41.5 MSEK ( 10.1 ) , an increase of + 311 % YoY ● Adjusted EBITDA amounted to -19.6 MSEK ( -7.9 ) ● EBIT amounted to -59.9 MSEK ( -9.2 ) Net income amounted to -59.8 MSEK ( -9.2 ) ● Earnings per share amounted to -0.29 SEK ( -0.06 ) Cash and cash equivalents amounted to 568.8 MSEK ( 349.9 ) at end of period of which cash flow from operations amounted to -33.1 MSEK ( -6.8 ) ● ● bamtalks 1 Monthly Recurring Revenue ( MRR ) amounted to 6.0 MSEK ( 1.9 ) , an increase of + 213 % YoY Total Contract Value ( TCV ) grew by + 1043 % to 57.0 MSEK ( 5.0 ) , of which 36.4 MSEK is guaranteed revenue 31.5 MSEK , i.e. 55 % of the total TCV , is recurring license revenue that will be included in the MRR moving forward Year to date ( January - September 2021 ) Total revenue amounted to 105.1 MSEK ( 21.7 ) Net sales amounted to 85.5 MSEK ( 17.3 ) , an increase of + 395 % YoY Adjusted EBITDA amounted to -68.4 MSEK ( -19.2 ) ● EBIT amounted to -158.1 MSEK ( -22.1 ) Net income amounted to -158.1 MSEK ( -22.2 ) Earnings per share amounted to -0.76 SEK ( -0.13 ) Cash flow from operations amounted to -77.0 MSEK ( -19.9 ) Total Contract Value ( TCV ) grew by + 836 % YoY to 157.1 MSEK ( 16.8 ) In this report , all figures in brackets refer to the correspond ing period of the previous year , unless otherwise stated . bambuser