Bambuser AB (publ) (BUSER) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

ahead. Good morning and welcome to Bamboozler Q2 2023 report. I'm Mariam Garamani, the CEO, and I will hold this presentation together with acting CFO Jonas Lagerstrom. Today's agenda will cover a short company introduction for people new to Bamboozler. We will then move over to Q2 highlights and finish off with SaaS KPIs and financials. Bamboozer is the world-leading video commerce company. We were founded in 2007 by offering a video technology that lets users stream live video from their mobile phones. We pivoted into video commerce in 2020 and have since then attracted over 350 brands across 45 countries. We have a global presence in New York, London, Paris, Tokyo, Turkey, Dubai, and Stockholm, where we have our HQ. We have since the start delivered a strong ARR momentum. We're currently facing a tougher market with some SME retail customers churning and enterprise customers with twice as long sales cycles as we have seen before. This has slowed down our ARR momentum. As we said before, the transition to the focus on enterprise accounts will result in volatility between the quarters before we have reached a critical mass of enterprise customers representing our ARR. We are very positive about the long-term growth of our ARR. The world is changing, and it's changing fast. Today, most e-com sites are static. meaning that they only have text and images to describe the products. However, we're all interacting more and more with video today. I'm sure that you in the last 24 hours already have consumed some sorts of video with FaceTime, Zoom, YouTube, or any other services. It is only a matter of time before video becomes standard in e-commerce. The evolution to video is unstoppable. Video commerce, sorry, Bamboozer offers shopping experiences that taps into today's beh...