Preliminary financial results for 2019 and guidance for 2020
Agillic releases preliminary financial results for 2019. Revenue increased by 38% and Annual Recurring Revenue (ARR) increased by 10% compared to 31 December 2018. EBITDA amounted to DKK -15.4 million compared to DKK -19.1 million for 2018.
For 2020, the Company expects to become EBITDA positive, an improvement of DKK 16 – 21 million. To fund continued growth, and to consolidate the balance sheet, Agillic initiates a process aiming at raising DKK 20-25 million in a share issue. Read more in the announcement.
