A report in line with expectations
Briox's Q4 had high growth and stable opex. Sales were SEK 2.4m (-1% vs. ABGSCe SEK 2.4m). EBITDA was SEK -6.2m vs. ABGSCe at SEK -6.3m. Sales continued to grow faster than costs in Q4, showcasing the underlying scalability of the business model. The ARR grew 18% q-o-q and 63% y-o-y to SEK 13m, which is strong. Growth in licences was the highest in five quarters at 935 new licences sold, now 13,739 in total. Its strategy remains clear: to offer the most effective offering for micro businesses. It continues to work closely with bureau partners and is adding new features to the platform to increase conversion of new users via the bureaus. In addition, to reach a broader audience, Briox will focus more on strategic partnerships. For example, it will begin sales and marketing collaboration with its partners Palkkaus.fi (payroll system) and KTI Laskutus (factoring system), which should broaden its reach.
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