Agillic Annual Report 2019

In 2019, Agillic’s internationalisation strategy through partnerships resulted in the entry into Australia and the U.S. Revenue amounted to DKK 53.8 million, an increase of 38% compared to 2018, Annual Recurring Revenue was DKK 55.1 million, an increase of 10% compared to 2018, EBITDA amounted to DKK -15.4 million compared to DKK -19.1 million in 2018. Substantial investments in product innovation position Agillic favourably in 2020 and going forward and in 2020 the Company expects to become EBITDA positive.