Pexip Hldg Asa (PXPHF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Pexip's third quarter results. My name is Trond Johansson and I'm the CEO. Together with me here at Lysaker, I have our CFO, Øystein Hamm, 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, a brief overview of Pexip for potential new viewers. 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 delivered as a service. Pexip has unique and established partnerships with the leading companies in our industry. You see some of them on this slide. We complement and enhance their solutions and do not generally directly compete with them. Our customers are mainly large organizations in both the private and public sector that have 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 grew with $3.2 million during the quarter, and this leaves us with an ARR base of 122.2 million out of Q3. 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 and communication solutions. In connected spaces, our Connect for Zoom product continues to perform well. We also see that our solutions for self-hosted interoperability in high security private clouds in the US is developing positively. In Q3, w...