Pexip Hldg Asa (PXPHF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of PEGSIP second quarter results. My name is Trond Johannessen and I'm the CEO. Together with me here at Lysaker, I have Oystein Hem, our CFO, and Åsmund Fodstad, our Chief Revenue Officer. Together we will take you through the highlights of the quarter. The standard disclaimers apply as usual. First, a brief overview of PEGSIP for those new to the company. Pexip was founded in 2012 and currently we operate in 25 countries across the globe. We are a secure video meeting and video infrastructure company delivering software and 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, both in the private and public sector, that have specific needs when it comes to interoperability, security and data control. The financial performance has been strong and has been continuously improving over the last quarters. Now to the highlights of the past quarter. Our annual recurring revenues continues to grow and this quarter we grew with 5.2 million dollars and this gives us an ARR base leaving Q2 of 140 million dollars. In Q2 we had continued strong growth in our secure and custom business area with new ARR of 4.9 million dollars coming from this area. A large part of this came from defense and national security, which is a core segment to PEGSIP, and I'll come back to that. Connected spaces also grew slightly in the quarter, which is good to see. EBITDA came in at $7.2 million, and cash flow ended at $8.1 million. If we look at our second quarter performance in the context of the last 12 months, we see that the positive trend from the previous ...