SmartCraft ASA (SMCRT) – Q1 2024: Continued growth with high margins and strong cash flow
7 May 2024 – SmartCraft ASA, the leading Nordic provider of mission-critical SaaS solutions to small and mid-sized companies in the construction sector, today reported its results for the first quarter of 2024, ending the period with annual recurring revenue (ARR) of NOK 401 million, which represents a growth of 16 percent compared to the same period in 2023. Organic ARR growth was 12 percent. Reported revenue in the first quarter was NOK 110 million (+16 percent), of which 97 percent was recurring. Adjusted and reported EBITDA-capex margin increased by 2 percentage points to 33 percent.