Pexip Holding ASA

[Savepig]

Market cap 7,6 milliarder, så er jo litt priset inn.

[Mykle]

Kun fint vært det doble, og fremdeles vært priset noenlunde likt Skandinaviske peers.

[Savepig]

Den som er med på notert på Oslo børs leken må tåle priset på Oslo børs steken

[Mykle]

Helt klart, og jeg har hevdet før ipo at ob er feil markedsplass. Svakt av styret, men en nonsjalant ledelse har ikke gjort det bedre hva angår aksjonærverdier, men de kommer når markedet tar innover seg at selskapet skal omsette for 2,5 milliarder ish om drøye to år.

[Tekk]

@Mykle

Kun fint vært det doble, og fremdeles vært priset noenlunde likt Skandinaviske peers.

Skandinaviske peers hvem for noen? Hvis ikke mer spesifikt enn software-as-service med globalt nedslagsfelt kan du jo titte på tallene til Meltwater… og slutte å sutre!!

[Mykle]

Haha. Har tittet, men fortsetter å sutre

[TekBot]

Mandatory notification of trade by Primary Insiders

Pexip Holding ASA (“Pexip” or “The Company”, Oslo Børs Ticker: PEXIP) has been
notified that board member Kjell Skappel today, August 24, 2021, has purchased
22,000 shares in the company at an average price of NOK 68.18 through Stavanger
…

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Venture AS. Stavanger Venture is wholly owned company by Radka Invest AS. Radka
Invest AS is wholly owned by Kjell Skappel. After this transaction, Stavanger
Venture holds now 1,822,018 Pexip Shares. In addition, Radka Invest holds 22,500
Pexip shares. In addition, Kjell Skappel is CEO in TD Veen that holds 4,606,764
shares in Pexip.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR) and
is publicly disclosed in accordance with MAR and section 5-12 of the Norwegian
Securities Trading Act. The announcement is made by the contact person.

For further information, please contact:

Investors: Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93
87 05 25

Kilde

[TekBot]

Mandatory notification of trade by Primary Insiders

Pexip Holding ASA (“Pexip” or “The Company”, Oslo Børs Ticker: PEXIP) has been
notified that Åsmund Fodland, President Global Sales & APAC has today, September
3, 2021, through Metrix Invest AS, controlled by Mr. Fodstad, bought 14,000
…

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shares at NOK 71.57 per share. After the transaction, Mr. Fodstad and Metrix
Invest AS will hold 740,525 shares and rights to 60,000 shares.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR) and
is publicly disclosed in accordance with MAR and section 5-12 of the Norwegian
Securities Trading Act.

The announcement is made by the contact person.

For further information, please contact:

Investors: Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93
87 05 25

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to
-face collaboration, no matter the location or technology. Our scalable platform
enables high-quality video meetings, with enterprise-grade security, and is
easily adapted to fit customers’ IT requirements and existing infrastructure.
This makes Pexip the leading provider for large enterprises and public sector
organizations. The solution is sold through 300 channel partners in 75 countries
and used in more than 190 countries. Pexip was listed on the Oslo Børs in May
2020.

Kilde

[TekBot]

Mandatory notification of trade by Primary Insiders

Pexip Holding ASA (“Pexip” or “The Company”, Oslo Børs Ticker: PEXIP) has been
notified that these transactions have been completed today, September 6, 2021 by
primary insiders in Pexip:
…

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Øystein Hem (CFO and Interim CEO) has today September 6, 2021 bought 1,400
shares in Pexip for an average price of NOK 73.12 per share. After the
transaction, Mr. Hem will hold 92,468 shares and rights to 127,500 shares.

Tom-Erik Lia, Chief Commercial Officer and Co-Founder has today, September 6,
2021, through Lia Investments Ltd, controlled by Lia, bought 7,000 shares at NOK
73.83 per share. After the transaction, Mr. Lia and Lia Investments Ltd will
hold 1,411,252 shares and rights to 60,000 shares.

Giles Russell Chamberlin, Chief Technology Officer and Co-Founder has today
September 6, 2021, bought 1,400 shares at NOK 72.95 per share. After the
transaction, Mr. Chamberlin will hold 1,516,101 shares and rights to 60,000
shares.

Nicolas Cormier, Chief Operating Officer has today September 6, 2021, bought
1,400 shares at NOK 72.89 per share. After the transaction, Mr. Cormier will
hold 230,573 shares and rights to 60,000 shares.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR) and
is publicly disclosed in accordance with MAR and section 5-12 of the Norwegian
Securities Trading Act.

The announcement is made by the contact person.

For further information, please contact:

Investors: Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93
87 05 25

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to
-face collaboration, no matter the location or technology. Our scalable platform
enables high-quality video meetings, with enterprise-grade security, and is
easily adapted to fit customers’ IT requirements and existing infrastructure.
This makes Pexip the leading provider for large enterprises and public sector
organizations. The solution is sold through 300 channel partners in 75 countries
and used in more than 190 countries. Pexip was listed on the Oslo Børs in May
2020.

Kilde

[TekBot]

Mandatory notification of trade by Primary Insiders

Pexip Holding ASA (“Pexip” or “The Company”, Oslo Børs Ticker: PEXIP) has been
notified that Karl Hantho, President Americas and primary insider in Pexip, has
on September 7, 2021, bought 1,311 shares in Pexip for an average price of NOK
…

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76.48 per share. After the transaction, Mr. Hantho will hold 429,419 shares and
rights to 60,000 shares.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR) and
is publicly disclosed in accordance with MAR and section 5-12 of the Norwegian
Securities Trading Act.

The announcement is made by the contact person.

For further information, please contact:

Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93 87 05 25

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to
-face collaboration, no matter the location or technology. Our scalable platform
enables high-quality video meetings, with enterprise-grade security, and is
easily adapted to fit customers’ IT requirements and existing infrastructure.
This makes Pexip the leading provider for large enterprises and public sector
organizations. The solution is sold through 300 channel partners in 75 countries
and used in more than 190 countries. Pexip was listed on the Oslo Børs in May
2020.

Kilde

[TekBot]

Pexip Holding ASA - Awarded Significant Contract Extension with The Defense Information Systems Agency in the United States

Oslo, September 16, 2021: Pexip Holding ASA (“Pexip” or “the Company”) has
secured a significant Enterprise Agreement with The Defense Information Systems
Agency (DISA) in the United States (US). The contract is an Enterprise Agreement
…

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for one year with options to extend for two more years.

The Defense Information Systems Agency is a US Department of Defense (DoD)
combat support agency composed of military, federal civilians, and contractors.
DISA provides information technology (IT) and communications support to the
President, Vice President, Secretary of Defense, the military services,
combatant commands, and any individual or system contributing to the defense of
the US.

With the extension, Pexip will provide DISA with self-hosted software that will
power their main videoconferencing service, as well as support interoperability
with Microsoft Teams. This is an extension of the contract between DISA and
Pexip which started in 2019.

DISA will leverage Pexip’s technology to support the communication needs of its
user base. Pexip’s technology aligns with DISA’s need for customized user
interfaces and flexible deployment options across multiple global time zones and
missions. Pexip is JITC-certified, which documents that Pexip is secure and
interoperable per the requirements set by the US Department of Defense.

“I am proud that an organization of such public importance and with such complex
needs as DISA is recognizing Pexip’s capability to enable their secure and
flexible video communication. This contract proves that customers value our
unique deployment models, including allowing the software to run inside the
customer’s own organization, while at the same time providing industry-leading
interoperability capabilities. This is something that no other manufacturer can
provide”, said CFO and Interim CEO, Øystein Hem.

In Q2 2021, Pexip’s Annual Recurring Revenue (ARR) was USD 93.7 million. The
contract’s annual value to Pexip will be counted in the ARR from Q3 2021. The
contract was part of the communicated pipeline for the second half of 2021.

For further information please contact:

Investors: Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93
87 05 25
Media: Lars-Einar Petterson, Communication Manager,
Lars.einar.petterson@pexip.com, +47 93 44 88 27

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to
-face collaboration, no matter the location or technology. Our scalable platform
enables high-quality video meetings, with enterprise-grade security, and is
easily adapted to fit customers’ IT requirements and existing infrastructure.
This makes Pexip the leading provider for large enterprises and public sector
organizations. The solution is sold through 300 channel partners in 75 countries
and used in more than 190 countries. Pexip was listed on the Oslo Børs in May
2020.

Kilde

[TekBot]

Pexip adds USD 7.1 million in Annual Recurring Revenue during Q3 2021

(Oslo, Norway, October 7, 2021) In this trading update, Pexip Holding ASA
(“Pexip” or “The Company” Oslo Børs Ticker: PEXIP) presents its Annual Recurring
Revenue (ARR) for the third quarter (Q3) of 2021. In Q3 2021, Pexip increased
…

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its ARR with 37% year-on-year to USD 99.8 million.

· Pexip’s subscription base measured in ARR reached USD 99.8 million in Q3 2021,
up from USD 72.8 million in Q3 2020, representing a year-on-year increase of
37%.
· Of the 37% year-on-year growth in ARR, the full 37 percentage points (pp)
are from new customers. Net revenue retention rate, reflecting the percent of
retained revenue from existing customers, was 100.1% year-on-year, including
churn of 10.8% year-on-year.
· Pexip generated new ARR of USD 7.1 million in Q3 2021, compared to USD 7.0
million in Q3 2020 and USD 2.7 million in Q3 2019.
· ARR from Pexip’s Self hosted Software reached USD 56.4 million in Q3 2021,
up 23% year-on-year, while ARR from Pexip as-a-Service reached USD 43.4 million,
up 61% year-on-year.
· The majority of the growth in ARR in Q3 2021 relates to sales to new
customers, and part of the growth in ARR is related to customer portfolio
acquisition (undisclosed amount due to confidentiality).
· The Company is on track to reach USD 300 million in ARR by 2024.

“Q3 is typically a strong quarter for Pexip in the public and federal sectors
and this year was no exception. The Company saw continued interest from key
public sector institutions looking for secure solutions for mission-critical
communication requiring strict privacy and security. In addition, Pexip’s unique
interoperability capabilities remains a key selling point for many large
organizations. This, together with Pexip’s unique self-hosted deployment option,
is winning the trust of complex organizations such as The Defense Information
Systems Agency (DISA) in the United States. This success is something that we
are replicating with other similar customers across the world,” said CFO and
Interim CEO, Øystein Hem, and continues:

“We have over time seen a strong pipeline, and we are very happy to see this
being translated into increased ARR growth in Q3 compared with previous
quarters. The outlook is positive for the remainder of 2021 as well, and we are
on track to reach our ARR target of USD 300 million by 2024.”

Key Contracts Awarded in Q3:

The Defense Information Systems Agency (DISA)

A significant Enterprise Agreement was signed with The Defense Information
Systems Agency (DISA) in the United States. The contract is an Enterprise
Agreement for one year with options to extend for two more years and it builds
on the contract between DISA and Pexip which was originally signed in 2019. This
contract demonstrates how Pexip continues to build relationships with key
organizations over several years.

DISA is a US Department of Defense (DoD) combat support agency composed of
military, federal civilians, and contractors. DISA provides information
technology (IT) and communications support to the US President, Vice President,
Secretary of Defense, the military services, combatant commands, and any
individual or system contributing to the defense of the US.

With the extension, Pexip will provide DISA with self-hosted software that will
power their main videoconferencing service, as well as support interoperability
with Microsoft Teams. Pexip’s technology aligns with DISA’s need for customized
user interfaces and flexible deployment options across multiple global time
zones and missions. Pexip is JITC-certified, which documents that Pexip is
secure and interoperable per the requirements set by the US Department of
Defense.

US Department of Labor (DOL)

The United States Department of Labor (DOL) is a cabinet level department of the
U.S. Federal
government, responsible for occupational safety, salary standards, and benefits.

DOL selected Pexip-as-a-service as its collaboration solution for its new Hybrid
Workplace initiative for its almost 18,000 employees. Pexip was chosen for its
interoperability capabilities, connecting Microsoft Teams and Google Meet, as
well as its One Touch Join functionality, enabling easy connection with all
DOL’s existing videoconferencing systems.

Leading Central-European Car Manufacturer

Pexip has secured a contract with one of the leading Central European car
manufacturers. The contract was signed for Pexip Self-hosted software supplying
both Pexip meetings, Microsoft Teams interoperability and One Touch Join
functionality. Pexip will provide an integrated platform for its multiple
locations and various videoconferencing solutions around the world. Pexip’s One
Touch Join and interoperability capability enables the customer to solve the
challenge of coherent collaboration between locations. Pexip was chosen for its
reliable and high-quality software, deployment architecture and for providing
the required privacy and security to a customer with strict and complex needs.

EU Institution

Pexip has secured a contract with a central EU institution. The contract was
signed for Pexip’s Self-hosted software, including Cloud Video Interoperability
(CVI) for Microsoft Teams interoperability. Because of the nature of the
business, including a high degree of confidentiality of information across the
world, the customer puts strict requirements on security and data privacy. Pexip
was chosen due to its secure and reliable product offering.

Pexip will present the full Q3 2021 interim report on November 11, 2021.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR) and
is publicly disclosed in accordance with MAR article 17 and section 5-12 of the
Norwegian Securities Trading Act. The announcement is made by the contact
person.

For questions, please contact:

Investors:

Investor Relations

IR@pexip.com (mailto:)

+47 94 80 58 51

Media:

Norway:

Lars-Einar Petterson

Communications Manager Norway

Lars.einar.petterson@pexip.com

+47 93 44 88 27

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to
-face collaboration, no matter the location or technology. Our scalable platform
enables high-quality video meetings, with enterprise-grade security, and is
easily adapted to fit customers’ IT requirements and existing infrastructure.
This makes Pexip the leading provider for large enterprises and public sector
organizations. The solution is sold through 300 channel partners in 75 countries
and used in more than 190 countries. Pexip was listed on the Oslo Børs in May
2020.

Kilde

[Bullishproof]

Noen nyheter her, eller bare et tilfeldig onsdagskrakk?

[Dirdal]

Oppdatering fra Pareto - «…below expectations…»

Ingen nytt annet enn ny TP på 80,-

[Hoffer]

Kan du linke til oppdateringen? Jeg fant ikke noe ved og google

[rayman]

[Bullishproof]

40% av mcap borte siden 16.09. Kan ikke se at det har vært noen særdeles dårlige nyheter i mellomtiden, må vel sette meg litt inn i selskapet

[Slobo]

Pareto er ute med ny analyse:

Expectations lowered on another quarterly miss

While Q3 ARR growth was higher than in the two previous quarters, Pexip still delivered its third consecutive quarter below expectations. We lower our ’22-24e growth expectation with ~6-12% and highlight that consensus seem too optimistic. However, we still believe Pexip could become a structural winner in a post-Covid world and that DARR growth will pick up in the coming quarters. In sum, we lower our TP to NOK 80 (100), reflecting lowered estimates and a general contraction in SaaS multiples. Buy rec. reiterated.

Q3 ARR growth 8% below consensus

Pexip reported Q3’21 ARR of USD 99.8m (up 37% y/y), which was below our expectation of USD 100.9m (cons. at USD 100.4m). On a quarterly basis, this corresponds to ARR growth (DARR) of USD 7.1m, which was 8/13% below cons/PAS expectations of USD 7.7/8.2m. Although below expectations, it was positive to see DARR increase in size from Q1/Q2 of USD 5.3/5.5m. All the growth now stems from new customers as NRR came in at 100% (incl. churn of 11%), the lowest reported NRR to date.

’22-23e ARR revised down 6-12% - Consensus seem optimistic

With Pexip coming in below consensus again, we acknowledge it is necessary to lower our expectations for the future. In sum, we revise down our ’22-24e ARR estimates with 6-12%, which puts our ‘24e ARR ~12% below Pexip’s USD 300m goal. Currently, its target implies a quarterly DARR of USD ~16m over the next 13 quarters, a large step-up from previous highs of 9-9.5m in 2020. With consensus estimates close to Pexip’s target (cons. excl. PAS is at USD >285m by 2024), we thus see increased risk of negative revisions. For instance, consensus currently has a Q4’21 DARR of >10.5m vs PAS est. of USD 8.0m, which we believe is overly optimistic at this point. However, the thesis that the relative demand for Pexip’s high-end solutions will accelerate in a post-Covid world stays firm, now backed by Pexip being moved up to a ‘challenger’ in the Gartner Magic Quadrant for Meeting Solutions (link). Coupled with its heavy investments in personnel, which are yet to fully materialize in sales growth, we still anticipate Pexip to report accelerated DARR growth going forward.

TP lowered to NOK 80 p.sh – Buy reiterated for now

Currently, Pexip trades at 5.8x 2022e sales. This is much below the median of international peers at ~14x, but slightly above other Norwegian listed B2B SaaS players at ~5x. With estimates revised down again, we lower our TP to NOK 80, equal to 7.5x ‘22e sales, arguing Pexip’s global reach & potential warrants a premium pricing to the median of Norwegian listed names. Buy recommendation reiterated.

Contact analyst(s)
Analyst(s):

Fridtjof Semb Fredricsson, +47 24 13 21 49, fridtjof.semb.fredricsson@paretosec.com
Kristoffer Hagevik, +47 22 87 88 05, kristoffer.hagevik@paretosec.com
Olav Rødevand, +47 22 87 87 30, olav.rodevand@paretosec.com

[Bullishproof]

Noen som følger med på hvem som selger her?

[Monok]

Kjøres rett i dass den her…fy fan