Bambuser AB (publ) (BUSER) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Bambuser Q4 year-end 2023 report. I am Mariam Ghermani, the CEO, and I will hold this presentation together with CFO Jonas Lagerström. Our agenda includes a quick company introduction, an overview over our Q4 highlights, and a dive into our soft KPIs and financials. Thank you for joining us and let's begin. Bamboozer is at the forefront of video commerce industry. Our journey began in 2007, initially providing a groundbreaking video technology that actually allowed users to stream live video from their mobile devices. In late 2019, we made a strategic pivot into the world of live video shopping, a move that since then has drawn in more than 290 prominent brands spanning across 53 countries. Our global footprint now extends to key locations such as New York, London, Paris, Tokyo, Turku, Dubai, and our lovely headquarters in Stockholm. Looking at our ARR developments, since the beginning, we've been achieving strong ARR growth. However, we're now facing a tougher market with customers shown within our long-tail clients and also longer sales cycles among our enterprise clients. affecting our ARR growth rates. 2023 was a tough year for retail and e-commerce, and many brands saw a decline in sales. As we sell to a declining retail industry, we are affected by this decline in the market. Nevertheless, we saw growth among our top 20 enterprise clients with 3% year over year. We are the leading enterprise vendor on a global scale, And that is where we are sticky and where the clients have a long-term commitment to our platform. We remain very optimistic about our long-term ARR prospects, given the significant market opportunities ahead. To give you a better understanding of Bamboozer's value proposition, it is important for you to understand that ...