Linkfire announces third quarter 2021 report

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COPENHAGEN, DK / ACCESSWIRE / November 18, 2021 / Linkfire (STO: LINKFI)

Financial highlights for the third and first three quarters

Quarter in review

  • Third-quarter revenue increased 37% to DKK 8.9 million (Q3 2020: DKK 6.5 million). Growth was driven by a consistent performance in subscription revenue, while commission revenue increased 113% mainly due to a strong increase in RPM.

  • Revenue at constant exchange rate increased by 42% to DKK 9.1 million (Q3 2020: DKK 6.4 million).

  • Gross profit at constant exchange rate increased 40 percent to DKK 6.6 million (Q3 2020: DKK 4.7 million) for a gross margin of 72 percent (Q3 2020: 74 percent).

  • Consumer connections in the third quarter fell 6% to 383 million (Q3 2020: 408 million) largely due to a strong performance in the third quarter of last year and a delayed upturn in partner traffic .

  • Traffic will always fluctuate over the quarters. The figures for the current year are up 5% and the overall evolution is in line with expectations.

  • RPM increased 128% to 8.62 DKK (Q3 2020: 3.77 DKK), an increase of 53% from the previous quarter, largely due to higher conversion rates resulting from a targeted product optimization.

Financial highlights for the first three quarters

  • In the first nine months of 2021, recognized revenue increased 41% to DKK 23.9 million (YTD 2020: 16.9 million).

  • Revenue at constant exchange rate increased 49% to DKK 24.7 million (YTD 2020: DKK 16.5 million). Any revenue growth is attributed to organic growth.

  • In the first nine months of 2021, gross profit at constant exchange rates increased 43 percent to DKK 17.9 million (Q3 2020: DKK 12.5 million) for a gross margin of 72 percent (Q3 2020: 76 percent).

  • Consumer connections increased by 5% to reach 1,150 million (YTD 2020: 1,090 million).

  • RPM increased 165% to 7.01 DKK (YTD 2020: 1.97 DKK).

Lars Ettrup, CEO, comments:
“Our year-to-date performance is in line with financial targets and we continue to follow our growth path. We continue to invest in strengthening our market position and growing our sales. Supporting initiatives, such as increasing traffic and RPM are all key areas We remain focused on expansion initiatives such as maturing our operations in Ghana and other geographic markets, growth organization, as well as the execution of the M&A program, most recently by acquiring the main competitor smartURL.

Webcast with teleconference:
Today November 18, 2021 at 10:00 am CET. The presentation will be held in English and the presentation material will be available on investors.linkfire.com following the webcast.

Loudspeakers:
Lars Ettrup, CEO
Tobias Demuth, Chief Financial Officer

Link to the webcast:
https://tv.streamfabriken.com/linkfire-q3-2021

Call number for the conference call:
DK: +4578150110
SE: +46850558365
United Kingdom: +443333009266
United States: +16467224956

For more information, please contact:
Lars Ettrup, CEO, Linkfire A / S
Telephone: +45 26 88 99 53
Email: [email protected]

About Linkfire A / S
Linkfire is the world’s leading SaaS marketing platform for the music and entertainment industries. Linkfire’s offering consists of two solutions: the Linkfire SaaS Marketing Platform for labels and artists and the Linkfire Discovery Network connecting consumers to music products through partner apps and websites. Linkfire’s platform has more than 50,000 users, including the vast majority of Billboard’s top 100 artists and top record companies. In 2020, 1.5 billion consumers were connected through Linkfire and the company’s turnover was DKK 24.7 million, which is an annual growth of 43%. Linkfire has 68 employees and is headquartered in Copenhagen, with additional offices in New York, Los Angeles, Lisbon and Accra. Linkfire (“LINKFI”) is listed on the Nasdaq First North Premier Growth Market, Sweden. For more information, please visit: linkfire.com

Certified advisor
Aktieinvest
Telephone: +46 739 49 62 50
Email: [email protected]

This information is information that Linkfire is obliged to make public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, through the contact persons indicated above, at 18-11-21 08:00 CET.

Attachments

Linkfire Q3 2021 Web

THE SOURCE: Linkfire

See the source version on accesswire.com:
https://www.accesswire.com/673562/Linkfire-Announces-Q3-Report-2021

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