SaaS Annual Recurring Revenues up 28.6% CPaaS Sales up 21.3%

Milan, 10 January, 2023Growens S.p.A. – GROW (the “Company” or the “Issuer” or “Growens”), a company admitted to trading on the multilateral trading facility Euronext Growth Milan and operating in the cloud marketing technology field, has announced today certain data from management accounts, related to the business lines SaaS and CPaaS as of December 2022 and Q4 2022 respectively.

Unaudited data show the following results:

  • as per the SaaS (Software as a Service) business line, an ARR of 29.8M EUR as of December 2022, including Contactlab’s recurring revenues, growing 28.6% vs the same data of 2021 (or 14.5% organic);
  • as per the CPaaS (Communication Platform as a Service) business line, gross sales growing 21.3% in Q4 2022 at 16.2M EUR, vs 13.4M EUR in Q4 2021 and a FY 2022 preliminary sales figure at 64.9; EUR, growing 41.6% over FY 2021.

Main figures

SAAS ARR 

Business Unit

ARR December 2022

ARR December 2021

Ch %

MailUp

15,348

11,515

33.3%

BEE

10,056

7,292

37.9%

Acumbamail

2,125

1,860

14.2%

Datatrics

2,235

2,487

(10.1%)

Total

29,764

23,153

28.6%

Data in EUR/000. 

Data from management accounts, not subject to a BoD resolution, unaudited. Data do not include Contactlab’s ARR as of December 2021.

Annual Recurring Revenue is calculated as the sum of unterminated annual subscriptions active as of December 2022 and 2021. Monthly subscriptions are annualized (multiplied by 12). Subscriptions represent recurring revenues: they do not include professional services, SMS traffic, and other services sold on a one-off basis, whereas they include usage fees such as API calls, image hosting and additional users with a recurring pattern (December r 2022 estimates). ARR is not comparable with historical CPaaS sales below.

CPAAS SALES 

Business Unit

Q4 2022

Q4 2021

Ch %

FY 2022

FY 2021

Ch%

Agile Telecom

16,195

13,356

21.3%

64,861

45,810

41.6%

Totale

16,195

13,356

21.3%

64,861

45,810

41.6%

Data in EUR/000. 

Data from management accounts, not subject to a BoD resolution, unaudited. Figures might differ from reported sales because of period adjustments. 2021 data were restated to include an update in sales representation, currently showed gross of intercompany operations.

Within the CPaaS business line, Agile Telecom recorded Q4 sales of ca 16.2M EUR sales, up 21+% over the same period of the previous year. This confirms the recovery of economic activities and incorporates the positive contribution of the end of 2022, marked by relevant marketing events such as Black Friday and Christmas holidays, and material growth in foreign sales, which represent ca. 75% of Q4 2022 sales.

Within the SaaS business line, the business unit which recorded the highest growth rate is BEE (beefree.io), with a 10.1M EUR ARR, up 38% over the same period of the previous year (or 27% at constant USD/EUR fx), thanks to a combined increase in both volumes and usage.

Acumbamail’s performance is also very good (growing 14+%), whereas MailUp+Contactlab posts growing sales (33%, of which 5% organic), not including the SMS sales nor Contactlab’s Agency component. The Datatrics business unit sales, operating in the Predictive Marketing space with a proprietary Customer Data Platform, generated a 2.2M EUR ARR, decreasing by 10% YoY.

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