Pexip Holding ASA

[Bullishproof]

Dobbelsmell for tek i norge, faller med ose når olja raser, faller med nasdaq når ose stiger pga olja

[Andyboi]

Vet ikke i hvilken grad, men er ikke høye drivstoffpriser bull for selskap som Pexip og Zoom🙂?

Jeg var senest idag i et videomøte hvor hovedbegrunnelsen for valg av møte var høye drivstoffpriser.
Blir mye rimeligere med videomøter enn dyre reiser, liksom…

Noen glupinger med formeninger rundt dette?

[TekBot]

Pexip Holding ASA: Notice of Annual General Meeting on April 21, 2022

The annual general meeting of Pexip Holding ASA (OSE: PEXIP) will be held on
April 21, 2022 at 17:00 (CEST). The annual general meeting will be held as a
digital meeting with electronic voting. Please see further detailed information
…

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on online participation and proxy voting in the notice of the annual general
meeting. The full notice, agenda and appendices are attached hereto. Further
information is also to be found on https://investor.pexip.com/corporate
-governance/annual-general-meeting

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act

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 Holding ASA : Annual report 2021

Pexip Holding ASA (OSE: PEXIP) hereby publishes its Annual Report for 2021
including the Sustainability Report and Remuneration Report for 2021. The
reports are attached and available on https://investor.pexip.com/.
…

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Pexip Holding ASA has also published its annual report in European Single
Electronic Format (ESEF), available as an attachment to this release.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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

[Andyboi]

Har ikke hatt tid til å lese årsrapporten(eller gidder ikke , regner ikke med noen store avvik fra Q-rapportene), men noe spesielt siden Pexip er ned 6% idag?

For øvrig nedjusterer Arctic til 65 kr, men fortsatt 100% oppside

PEXIP: ARCTIC SECURITIES NEDJUSTERER KURSMÅL TIL 65, GJENTAR KJØP

Oslo (Infront TDN Direkt): Arctic Securities nedjusterer sitt kursmål på Pexip-aksjen til 65 kroner fra 90 kroner og gjentar kjøpsanbefaling, ifølge en oppdatering torsdag.

EDIT: litt risk-off før Q1-tall, noen som vet konsensus?

[Kallep]

Kva forventningar har folket her inne til ARR-oppdateringa fra Pexip i morgon?

Ut fra kursen å dømme så er det lite FOMO-stemning i markedet…

Oslo, Norway, April 4, 2022: Pexip Holding ASA (“Pexip” or “the Company”,

Oslo Børs Ticker: PEXIP) will release its Q1 2021 Annual Recurring Revenue (ARR)

update on April 7, 2022, at 07:00 CET. The Company will also hold a short

presentation of the ARR update on April 7, 2022, at 08:00 CEST. The webcast will

be available on investor.pexip.com. The presentation will be held by Øystein

Dahl Hem, Interim CEO and CFO, and Åsmund Olav Fodstad, Chief Revenue Officer.

[Andyboi]

Vanskelig å si, nå virker det som markedet legger vekt på COVID og Chip-mangel. i tillegg til rentehevninger og annen makro-usikkerhet. De har jo overrasket før, men tror ikke jeg tørr å ta et evt. bet her før oppdateringen imorgen

[Aristo78]

Jeg tenker at vi hvert fall bør komme over 110 m $ i ARR. Tror markedet vil reagere positv til DARR på over 5 mill, så håper på det, men frykter at vi havner et sted mellom 3,6-5 mill, altså rett over 110 mill ARR totalt. Men er vanskelig å spå for dette kvartalet, siden de har gjort endringer hos en kunde som gir 2 mill mindre i ARR i Q1, men mer totalt på året. Og fordi Q1 er vel normalt ikke det sterkeste kvartalet og de opplever vel fortsatt back to office forsinkelser og råvaremangel som forsinker overgangen til hybride kontorer. Tror forventningene fra markedet er lave, at et svakt Q1 er priset inn, mens fra Q2 og utover så forventer jeg raskere vekst for at de skal kunne opprettholde 300 m$ i ARR innen utgangen av 2024 som et realistisk mål

[TekBot]

Pexip Q1 2022 Annual Recurring Revenue at USD 106 million - Targets profitability from Q4 2022

(Oslo, Norway, April 7, 2022) In this trading update, Pexip Holding ASA (“Pexip”
or “The Company” Oslo Børs Ticker: PEXIP) presents its Annual Recurring Revenue
(ARR) for the first quarter (Q1) of 2022. At the end of Q1 2022, Pexip’s ARR is
…

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21% higher year-on-year. In Q1 2022, Pexip’s ARR was reduced by USD 0.8 million,
impacted by common seasonality that slowed new sales and by changes in a pricing
model with a strategic partner.

· Pexip’s subscription base measured in ARR reached USD 105.6 million in Q1
2022, up from USD 87.2 million in Q1 2021, representing a year-on-year increase
of 21% or USD 18.4 million.
· Growth from new customers accounts for USD 23 million over the last twelve
months, representing 26% growth. Net revenue retention rate, reflecting the
percent of retained revenue from existing customers, was 95% year-on-year,
including churn of 9.2% year-on-year. The reduction in net revenue retention
rate was driven by a decline in net upsell, which was at USD 3.4 million in Q1
2022.
· A change in pricing model with a strategic partner led to a USD 2.0 million
reduction in Q1 ARR. Pexip expects this change to drive a positive effect during
the rest of 2022 of more than USD 4 million.
· Adjusted for the partner pricing model change the underlying new ARR from
normal business was USD 1.2 million in Q1 2022. Including this change, the
quarterly change in ARR was negative USD 0.8 million in Q1 2022.
· ARR from Pexip’s Self hosted Software reached USD 59.4 million in Q1 2022,
up 15% year-on-year, while ARR from Pexip as-a-Service reached USD 46.2 million,
up 30% year-on-year.
· Continued growth in Video enablement and Critical video meetings, which grew
37% and 106% year-on-year respectively. These two areas increased their ARR by
USD 2.3 million in Q1 2022.
· Pexip will adapt its growth strategy to reduced visibility on quarterly
timing of ARR growth, and target being EBITDA profitable in Q4 2022 and for the
whole year of 2023.

"Over the last two years, the way we work has been revolutionized. This has
accelerated the adoption of video, which has allowed Pexip to grow from USD 47
million in ARR to USD 106 million in the same period. This acceleration has
created huge opportunities for future growth. However, lack of visibility into
how and when organizations will return to the office and delays in video
hardware deliveries have impacted the short-term increase in infrastructure
sales, while the use of video for mission critical, high security meetings and
customized applications across industries has increased. This is the foundation
of the more focused strategy we have been executing on since late 2021, pursuing
market leading positions in video infrastructure, critical video meetings and
video enablement, as presented on our Capital Markets Day in December 2021.

We see strong customer interest in the business areas we are targeting, and a
substantial growth opportunity in a USD 5 billion market in 2024 that will
support a significant increase in ARR in the next three years and beyond.
However, we are disappointed with our performance in Q1 and we see that our
current growth rate is below where it needs to be to reach our existing USD 300
million target by the end of 2024. While we are confident that we will return to
ARR growth in Q2 2022 and beyond, we realize we have less visibility on the
timing for USD 300 million compared to when the target was set in 2020. This is
partly driven by the larger customer size within Critical Video Meetings and
Video Enablement which require longer purchasing decisions.

As a consequence, we will adapt our growth plan and targets accordingly and
initiate measures to accelerate our return to profitability. We target being
EBITDA profitable in Q4 2022 and for the whole year of 2023, and will present an
updated growth plan and target later this year. We maintain a very solid balance
sheet, and the adapted growth plan with an earlier return to profitability will
imply lower investments than previously anticipated," said Interim CEO and CFO,
Øystein Hem.

Key Contracts Awarded in Q1 included:

Department of Veterans Affairs

Pexip secured an upsell deal with the US Department of Veterans Affairs.
Building on a strong existing customer relationship, the upsell in Q1 2022 was
related to significant growth in Pexip usage for telehealth calls.

Västra Götaland Regional Council

Pexip secured a new contract with Västra Götaland Regional Council in Sweden for
critical meetings, Microsoft Teams interoperability and integration to their
healthcare journal system. This important new public customer for Pexip has
approximately 55,000 employees with over 550 dedicated videoconferencing
endpoints.

Central European Ministry of Justice

Pexip secured a contract with a new Central European Ministry of Justice
customer for Pexip’s Self-hosted software. Pexip will solve the need for secure
meetings within the organization, as well as replacing the existing video
infrastructure and becoming the customer’s main videoconferencing provider.

Leading Multinational Law Firm

Pexip has secured a contract with a leading multinational law firm with offices
in more than 40 countries, for Pexip-as-a-Service. Pexip is replacing all the
customer’s existing endpoint infrastructure and enabling them to move everything
to the cloud. Pexip will also deliver interoperability with Microsoft Teams,
videoconferencing endpoint management and a branded virtual lobby experience.
Together, these Pexip services will enable the customer to have a simple unified
user joining experience for all video-enabled meetings. This contract is an
example of Pexip’s unique technology possibilities.

Pexip will hold a presentation of the Q1 2022 ARR update today at 08:00 CET. The
presentation material is attached. The webcast will be held in English by
Øystein Hem (Interim CEO and CFO) at: https://investor.pexip.com/ . Pexip will
present the full Q1 2022 interim report on May 12, 2022.

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 Øystein Hem.

For questions, please contact:

Investors: Øystein Hem, CFO and Interim CEO, IR@pexip.com, +47 99 23 45 96

Media: 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

[Kaisovski]

Der trakk de endelig guiding. Ser vi bunn neste to ukene?

[Andyboi]

Ja, dette var bad😬. Det positive er jo at de fortere blir lønnsomme igjen😜

[Annab]

HP kommer kjøpe dem opp snart tror jeg, de kjøpte poly nettopp. De trenger infra

[Salamis]

@TekBot

This is
partly driven by the larger customer size within Critical Video Meetings and
Video Enablement which require longer purchasing decisions.

Litt uventet å høre at de sier at guidingen ryker fordi kundene er for store…(?)

[Smb]

Om dei mista eit kvartal med store inntekter fordi dei brukar lang tid på å bestemme seg, gir det vel meining? På samme tid, blir gøy når vi får melding om at dei har laga ein avtale med selskapet…

[Andyboi]

Pexip Holding - An obstacle too great to overlook

Although Pexip has tripled its staff over the last 3 years to accelerate growth, yesterday revealed negative growth q/q, for the first time ever. While some issues might be temporary, we find it increasingly worrying that its main segment, constituting ~60% of its ARR and key contributor to historical growth, sees increased competition from Cisco focusing on interoperability. We are firm that Pexip has its place in the video conferencing market (bec. security technology) and believe it might be an attractive M&A target, but positive arguments are overshadowed by the abovementioned issue, for now. While we should have changed our recommendation earlier, we downgrade following yet another disappointment – Down to Hold (Buy) with a TP NOK 25 (70) – please see slides.

[Brennemo99]

Hvor mye har Pexip på bok i EK?

[Andyboi]

6 MNOK i rentebærende gjeld og 800 MNOK i cash ved utgangen av 2021

[Brennemo99]

Gjeldsfri og nesten milliard på bok… burde jo være en god case med økte renter og høy inflasjon… mcap på 3 mrd kan ikke være stort urimelig men meglerhusene skal hive seg på bølgen nå og snakke de ned…

[AllsangHosSvensken]

Gitt at storeierene kommer på gli så tror jeg Pexip blir kjøpt opp pga. teknologien. De har såpass mange kunder med høye sikkerhetskrav at et større selskap sluker Pexip og legger til video i cyber security suiten. Det er i hvert fall bedre timing nå som prisen har falt og “businessen” i Pexip skuffer.

[Hoven]

Arctic med ny analyse, og TP redusert fra 65 til 60kr pr aksje.