Pexip Hldg Asa (PXPHF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of PECSIP's fourth quarter results. My name is Trond Johansson and I'm the CEO. Together with me here at Lysaker today, I have our CFO, Øystein Hem, and our Chief Revenue Officer, Osmund Fodstad. Together we will take you through the highlights of the quarter and what we are focusing on going forward. The standard disclaimers apply as usual. First, a short overview of Pexip for those new to the company. 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 delivered as a service. Pexip has unique and established relationships and 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 in both the private sector and the public sector that have complex needs when it comes to video collaboration. The financial performance is strong and has been continuously improving over the last quarters. Now to the highlights of the past quarter. Our annual recurring revenues, ARR, grew with US dollars 8.8 million during the quarter, and this gives us an ARR base of $131 million leaving Q4. This is the top end of the updated Q4 guiding we gave you in December. In Q4, we saw a significant improvement in the growth in connected spaces as a result of a couple of large deals that closed in the quarter. In our secure and custom business area, the positive development continues, driven by increased awareness around the need for secure and sovereign communication solutions. In connected spaces, we also see s...