Pexip Hldg Asa (PXPHF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to this presentation of Pexip's second quarter results. My name is Trond Johansson, and I'm the CEO. Together with me here today at Lysaker, I have our CFO, Øystein Hem, and our Chief Revenue Officer, Osmund Fodstad. Together, we will take you through the highlights of the past quarter and our focus going forward. The standard disclaimers apply as usual. First, for new viewers, a brief overview of Pexip. Pexip was founded in 2012 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 software 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 directly compete with them. Our customers are mainly large organizations in both the public and private sectors that have very complex needs when it comes to video collaboration. The financial performance is strong and has been improving over the last quarters. Now to the highlights of the past quarter. Our annual recurring revenues, ARR base, grew with 3.5 million US dollars during the quarter, and this leaves us with an ARR base of $119 million leaving Q2. In the quarter, 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. We also see that our new interop solution for Zoom rooms continues to do very well in the market. In Q2, we also renewed a partnership agreement with an important partner in connected spaces. And this underlines the...