Pexip Hldg Asa (PXPHF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.720 Good morning, and welcome to this presentation of PECSIP's first quarter results. 00:00:05.720 -- 00:00:08.445 My name is Trond Johansson, and I am the CEO. 00:00:08.445 -- 00:00:13.493 Together with me here at Lysaker, I have Øystein Hamm, our CFO, and our Chief Revenue 00:00:13.493 -- 00:00:17.300 Officer, Osmund Fodstad. Together, we will take you through the highlights of the first 00:00:17.300 -- 00:00:21.483 quarter and what we are focusing on going forward. 00:00:22.468 -- 00:00:26.432 The standard disclaimers apply as usual. 00:00:26.660 -- 00:00:30.506 First a few words about Pexip for potential new viewers. 00:00:30.506 -- 00:00:36.076 Pexip was founded in 2011 and currently we operate in 25 countries across the globe. 00:00:36.076 -- 00:00:41.164 We are a specialist video conferencing and infrastructure company focusing on 00:00:41.164 -- 00:00:44.911 interoperability and secure and custom meetings. 00:00:44.911 -- 00:00:50.150 We do software only delivered as a software or as a service. 00:00:50.150 -- 00:00:54.855 Pexip has unique and established partnerships with the leading companies in our industry. 00:00:54.855 -- 00:00:59.881 We complement and enhance their solutions and do not generally compete 00:00:59.881 -- 00:01:05.027 with them. Our customers are mainly large organizations, both in the private 00:01:05.027 -- 00:01:10.273 and public sector, that have complex needs when it comes to video communication. 00:01:10.273 -- 00:01:16.277 Our financial performance is strong and has been improving over the last quarters. 00:01:16.745 -- 00:01:22.218 Now to the highlights of the quarter. Our annual recurring revenues, ARR, 00:01:22.218 -- 00:01:27.329 grew with 2.4 million US dollars during the quarter, and this leaves...