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.
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Agillic
Agillic is a Danish Software as a Service (SaaS) company within marketing technology (MarTech), headquartered in Copenhagen, Denmark. Agillic’s omnichannel marketing automation platform empowers brands to work with data-driven insights and content to create, automate and send personalised communication to millions. Proven business cases are found in retail, finance, travel & hospitality, energy & utility, technology & software, entertainment & gaming, media & publishing, charity & NGO, and in subscription businesses across all industries.
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