The figures refer to the Group unless otherwise stated. Figures in parentheses refer to the corresponding period of 2022 unless otherwise stated.
THIRD QUARTER 2023
- Revenues decreased to
SEK 9.7 M (18.3). -
Earnings before depreciation and amortization (EBITDA) amounted to
SEK -8.6 M (0.2). -
Earnings before interest and taxes (EBIT) amounted to
SEK -14.1 M (-4.6). -
Bringing loss for the period to
SEK -14.5 M (-4.8). - Loss per share -0.43 (-0.14).
SIGNIFICANT EVENTS IN THE THIRD QUARTER
**
**
**
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
**
** The rights issue has been registered and trading in Paid Subscribed Shares ceases
CEO letter
A growing pipeline and new customer agreements before the end of the year
The interest in adding BNPL functionality to cards is increasing, and we are now in advanced dialogues with around 40 large and medium-sized international banks. Given the status of ongoing business dialogues, I expect a few customer dialogues to materialize into contracts already before the end of 2023. A typical BNPL SaaS contract with a major customer means between
Apple's BNPL entry further intensifies banks' need to act on BNPL. Banks have few choices on how to approach BNPL strategically. They can either launch a check-out and thus enter the battle in e-commerce or establish a BNPL payment method that needs to be integrated into various PSPs and POS systems.
To further facilitate banks, the company will in 2024 launch an additional Solution module called Smart BNPL. Smart BNPL will complement the BNPL SaaS Platform and enable banks to offer BNPL with a focus on responsible lending and increased conversion. This is done by allowing
The trend breaks in Q4
As communicated in the previous quarter, quarter three is also burdened by the transformation from a payment company to a BNPL SaaS company. Reduced income from non-strategic and thus terminated customers, while revenue from the SaaS business has not yet increased, burdens the quarter result and cash flow. However, the trend will break in Q4 and show a significantly improved cash flow. During the autumn, a rights issue of
We enable your card-linked BNPL
For more information, please contact:
E-mail: david.larsson@sileon.com
Phone: +46 725 502 306
This information is such that
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