Agillic (One-pager): Quarterly improvements in Q3 2024 after a period with headwinds
Yesterday, Agillic released its Q3 2024 results and maintained its guidance for 2024 as the company expects growth from existing and new clients in Q4 2024. Total ARR came out at DKK 63.1m by the end of Q3 2024, corresponding to -8% YoY, yet a 2% QoQ increase as the decline is mainly explained by churn from technology consolidations and M&A-driven changes across its customer portfolio in the first part of 2024. EBITDA YTD (first 9 months of 2024) is positive at DKK 1.8m after the cost level has been adjusted to the current activity level.
We have updated our investment case one-pager with the recent news and results, including an updated overview of a selected Danish SaaS peer group. Besides valuation perspectives, the investment case one-pager introduces Agillic and highlights key investment reasons and risks.
Watch yesterday's management presentation of the Q3 2024 results with Agillic's CEO Emre Gürsoy and CFO Claus Boysen here: https://www.inderes.dk/videos/agillic-presentation-of-q3-2024-results
Disclaimer: HC Andersen Capital receives payment from Agillic for a Digital IR/Corporate Visibility agreement. /Kasper Lihn 12:30, 23 October 2024.
Agillic
Agillic er en dansk Software as a Service (SaaS) virksomhed inden for marketingteknologi (MarTech), med hovedkontor i København, Danmark. Agillics omnichannel marketing automation platform giver brands mulighed for at arbejde med datadrevet indsigt og indhold for at skabe, automatisere og sende personlig kommunikation til millioner af personer. Beviste forretningscases findes inden for detailhandel, finans, turisme, energi og forsyning, teknologi og software, underholdning og spil, medier og forlag, velgørenhed og NGO og i abonnementsvirksomheder på tværs af alle brancher.
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