Q3 2024 Bambuser AB Earnings Call Transcript
Key Points
- Bambuser AB (BSKZF) is operating in a massive and growing market projected to reach $8.5 trillion by 2030.
- The company has launched innovative AI dubbing technology, allowing for seamless multilingual shoppable video experiences.
- Bambuser AB (BSKZF) reported a 27% improvement in adjusted EBITA compared to last year, reflecting effective cost control.
- The company ended the quarter with a strong cash position of Kr191 million.
- Bambuser AB (BSKZF) is focusing on larger enterprise customers, which could lead to more significant deals in the future.
- The company's AR growth was negative this quarter, with a decline of 7% quarter over quarter.
- The Americas region showed a declining ARR, impacting overall performance.
- Gross margin was negatively impacted due to the acquisition of Hero, leading to higher costs.
- The current AR does not fully reflect ongoing operations, indicating potential volatility in business momentum.
- There is a need for further improvements in fixed costs, suggesting current cost structures may not be optimal.
Good morning, everyone. Welcome to Bambuser Q3 2024 report and presentation.
Today's agenda looks like this. First, we do a short company overview. We will then go to key highlights for the quarter followed by financials and Q&A.
Before we jump into the details of this quarter, here's a quick intro about Bambuser, we offer a single unified virtual commerce platforms with two core solutions, social commerce, which includes live and shoppable, video and digital client telling, featuring video consultation and chat. Our platform enables merchants to connect with customers at every stage of the sales funnel using interactive two way communication.
But we're more than just a platform. We offer access to a whole ecosystem of partners to help our clients to succeed. This includes everything from production support to strategic guidance and integration with e-commerce platforms and third party apps.
We're operating in a massive and growing market projected to reach $8.5 trillion by 2030. And as we expand our product
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