Pexip Hldg Asa (PXPHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to this presentation of PECSIP's first quarter results. My name is Trond Johansson, and I am the CEO. Together with me here at Lysaker, I have Øystein Hamm, our CFO, and our Chief Revenue Officer, Osmund Fodstad. Together, we will take you through the highlights of the first quarter and what we are focusing on going forward. The standard disclaimers apply as usual. First a few words about Pexip for potential new viewers. Pexip was founded in 2011 and currently we operate in 25 countries across the globe. We are a specialist video conferencing and infrastructure company focusing on interoperability and secure and custom meetings. We do software only delivered as a software or as a service. Pexip has unique and established partnerships with the leading companies in our industry. We complement and enhance their solutions and do not generally compete with them. Our customers are mainly large organizations, both in the private and public sector, that have complex needs when it comes to video communication. Our financial performance is strong and has been improving over the last quarters. Now to the highlights of the quarter. Our annual recurring revenues, ARR, grew with 2.4 million US dollars during the quarter, and this leaves us with an ARR base of 115.5 million US dollars leaving Q1. In Q1, we had particularly strong performance in our secure and custom business area, and the development here is supported by increased public awareness around the need for secure and sovereign IT solutions, including video communication. EBITDA came in at 112.5 million Norwegian kroner in the quarter and cash flow ended at 221 million Norwegian kroner for the quarter. Based on a strong cash position and existing commitments we have related to share option progra...