Q3’20 details
Litium reported its Q3’20 figures today, which offered ARR of SEK 49m, -1.2% vs. ABGSCe, for a solid y-o-y growth of +28.2%, which is within Litium’s financial target of growing ARR by 20-40% annually. Net sales were SEK 12m, -4,7% vs. ABGSCe, of which 98.4% were recurring, in-line with last year. The gross margin, which has been known to fluctuate between quarters (an effect which will be mitigated as Litium grows) was solid at 70.5%, -2.ppp vs. ABGSCe. Litium also appears to yet again have had good control over its operational costs during Q3, where Q3 opex amounted to SEK 15m, growing 2% y-o-y, while ARR grew 28.2% y-o-y. Ultimately this yielded an EBITDA of SEK -1m, +56.9% vs. ABGSCe, and an EBIT of SEK -4m, +27.3% vs. ABGSCe.
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