Neovici Holding AB (NEO_B) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, it's Wednesday, November 27th. I'm here with Jan Berggren, who is the CEO of Neovici. How are you? I'm great, thank you. How are you? I'm great. Nice moustache. You're in the moustache camp this November morning. The whole company is with me. Of course it's nice. Nice, good purpose if nothing else. But that's not what we're here to talk about today. We're here to talk about your Q3 report that you released this morning. What are you most pleased with in it? We have invested in growth and that is the result. Above all, recurring income has increased. That's right, because you are a SaaS company and recurring income is important, right? It is one of your key figures that we are looking at. The entire market is looking at it. ARR is the only investor that cares about today. It seems to be a plus that there should be profitability. The turnover increased 5.75% to 16 million SEK during the quarter and recurring revenues increased by 40% to 68.7 million SEK. What is behind this increase? New prospects, new customers, growth and recurring revenue from existing customers. So you grow with existing customers? That's right. It's an important component. It also shows that customers are satisfied. They continue to trade new services, new processes. And if we just go in a little bit, because not many of the viewers may know Neovici. And it's not so strange, because this is just your second report that notes a company. You were immediately noted on Nasdaq First North the second of July this year. Do you want to go briefly into why you are noting the company now? A quality mark is number one. We have a global perspective and we have customers outside of Sweden. The further away from Stockholm, the more important it is to have such a public mark. Nasdaq is opening doors in itse...