Bambuser AB (publ) (BUSER) Q3 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Bamboozer Q3 2023 report. I'm Maryam Ghiramani, the CEO, and I will hold this presentation together with Acting CFO, Jonas Lagerstrom. Our agenda includes a quick company introduction, an overview of our Q3 highlights, and a dive into our SaaS KPIs and financials. Thank you for being here, and let's begin. Bamboozer is at the forefront of the video commerce industry. Our journey began in 2007, initially providing a groundbreaking video technology that allowed users to stream live video from their mobile devices. In late 2019, we made a strategic pivot into the world of video commerce, a move that has since then drawn in more than 350 prominent brands spanning across 45 countries. Our global footprint now extends to key locations such as New York, London, Paris, Tokyo, Turku, Dubai, and our lovely headquarters in Stockholm. Since the beginning, we've been achieving strong ARR growth. However, we're now facing a tougher market with customer churn and longer sales cycles among our enterprise clients, affecting our ARR growth rate. We remain very optimistic about our long-term ARR prospects. given the significant market opportunities ahead. Our world is evolving rapidly, and this change is inevitable. At this moment, the majority of e-commerce websites remain static, relying solely on text and images to showcase their products. Yes, our daily lives are increasingly connected with video content. I'm quite confident that in the past 24 hours, each of you has engaged with some form of video, whatever through FaceTime, Zoom, YouTube, TikTok, or other services. The shift towards video becoming a fundamental element of e-commerce is not a question of if, but when, and Bamboozer is leading this transformation. Bamboozer's shopping experience taps in...