Strong ARR growth (+42%) and technical development make us ready when the world restarts

Interim Report January 1st – March 31th, 2021

2021 got to a good start, and we see more and more signs that the markets are picking up speed after 2020, the year that will always be remembered due to Covid-19.

Highlights for the quarter are the continued strong growth in ARR, new great clients, continued low churn but also our product development.

  • Many great new clients in Q1 lead to an increase in Annual Recurring Revenue (ARR) to 27,1 MSEK, +42% growth year-on-year.
  • Core platform development intensified during Q1 where the delivery of “Enhanced privacy filtering” became the most appreciated new feature.
  • Churn in Q1 remained low at 1%.


Summary of Interim Report


The Group

First quarter (2021-01-01 to 2021-03-31)

  • Net turnover amounted to 6 123 (4 811) TSEK, an increase of +27% compared to the same period last year.
  • Loss after financials and minority share amounted to –7 169 (-5 609) TSEK.
  • Loss per share* before dilution amounted to -0,26 (-0,24) SEK.
  • Loss per share* after dilution amounted to -0,24 (-0,22) SEK.
  • The solidity** amounted 77,4 (23,3) %.


Growing SaaS Traction

First quarter (2021-01-01 to 2021-03-31)

  • Annual recurring revenue (ARR) at the end of Q1 2021 was 27 061 (19 080) TSEK, a year-on-year increase of +42%.
  • Recurring revenue amounted to 5 946 (4 770) TSEK, which represents 97% (99%) of the quarterly revenue.
  • Churn for the quarter was 1%.
Amounts within brackets regard the corresponding period last year.
*Result per share: The result is divided by the average number of shares (after dilution includes average number of share options).
**Solidity: Equity divided by total assets.


Significant events during the first quarter, 2021.

  • On January 25th, Safeture carried out a directed share issue of 38,6 MSEK. 4,6 million shares were issued at a price of 8,40 SEK/share. The subscribers were the US-based institutional investor Topline Capital Partners LP, Dragfast AB and Ninalpha AB.
  • Safeture entered into an agreement with the U.S./EU corporation Insured Nomads, the first insurtech company focused on remote workers, digital nomads, expats, and travelers. Initially, the agreement runs for three years and gives Safeture 500+ KUSD plus additional revenue with membership growth.
  • Safeture partners with Dallas based corporate travel data leader Traxo. Safeture customers now can leverage Traxo travel data intelligence to quickly locate more traveling employees.


Message from the CEO Magnus Hultman:

“Continued technical development and new customers make us strong when the world restarts”

2021 got to a good start, and we see more and more signs that the markets are picking up speed after 2020, the year that will always be remembered due to Covid-19.

Highlights for the quarter are the continued strong growth in ARR, new great clients, continued low churn but also our product development.

The annual recurring revenue (ARR) grew to 27,1 MSEK during the first quarter of 2021, which is a rise of 42%. The increase was primarily due to new Safeture customers, where the biggest order of the quarter came from Insured Nomads in the US. Safeture continues its strong track record in the insurance space, and we are the clear leader in this industry. Insured Nomads is extra interesting since they are specifically targeting the “new normal” of working, where the workspace will be less fixed and more flexible post-covid. Tending the needs of the “digital nomads” with their specific characteristics will grow going forward. Another trend here is also that insurance and assistance offerings need to be more flexible to cater to emerging needs.

Safeture is very proud to be a leading tech company. At the core of all things we do is our own platform. This platform is highly adaptable to customer needs and requirements.

At Safeture, we track all development based on a) core development b) customization c) maintenance and second-line support. After the roll-out of Siemens in Q4, we see the core development ratio steadily going back to normal. We aim to deliver ever more out-of-box products and fewer customizations, which is a sign of our dynamic platform’s strength.

Safeture takes pride in safeguarding the privacy of our customers and end-users. Now we also introduce “Enhanced privacy filtering”, extra levels of privacy filters, both on subregional- and city levels, to balance the need for accurate positioning while also maintaining end-user privacy. This is especially important in larger countries like the US and China. We also developed Online tutorials, which increases the usability of the platform and decreases the number of support tickets, along with an updated API documentation for third-party integrations. For the coming quarter, we are initializing several major projects that will expand our platform offering, which will be launched throughout the year.

We see very clear signs that the US was first out of the recession, but Europe is catching up, and we also signed multiple new accounts in Germany and Scandinavia. We are extra proud to get renewed confidence from the Finnish state and the Prime Minister’s office together with our partner Falck Global Assistance.

As we have highlighted previously, we are very optimistic for 2021, even though the pandemic is far from over. Spirits at Safeture and the industry, in general, remain high and bullish.

Magnus Hultman, CEO of Safeture

Lund, April 2021

This press release is information that Safeture AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 am CET on 2021-04-20

Safeture at Financial Hearings:

Audiocast with teleconference, Q1, 2021 April 21st 2021 10:00 (Europe/Stockholm)

About Safeture AB

Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden.
The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps companies and organizations to protect what matters most – their employees. Safeture gives corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes.

The Safeture share is listed on NASDAQ First North Growth Market Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: