OrderYOYO

OrderYoYo announced on Friday that it has acquired German Gustoco, and at the same time lifted guidance for the fifth time this year, driven by both the acquisition but also better underlying results.

Today, OrderYOYO upgraded its 2023 guidance for the fifth time on both topline and EBITDA and announced a small acquisition of the German online ordering company, Gustoco.

In October, a few Danish-listed SaaS companies reported Q3 2023 results, while the cloud giants as well as some global SaaS companies also delivered fresh results and new expectations to the market recently. This has led to large volatility across the sector, where small negative or positive guidance surprises have led to big share price reactions.

In OrderYOYO's Q3 2023 results, OrderYOYO continued this year's strong momentum with 38% and 31% ARR growth and revenue growth, respectively. The momentum was further highlighted by the fourth upward revision of 2023 guidance this year on both the top line and bottom line. 

September was tough for the stock markets, especially for SaaS and other interest-rate-sensitive growth companies. We now observe a relatively large valuation gap between the US and Danish-listed SaaS stocks (6.7x ARR in the US vs. 3.3x ARR in Denmark).

In this month’s SaaS newsletter, we cover the Danish SaaS Q2/H1 earnings season combined with global perspectives from the US SaaS earnings season and news from the IPO market. As always, we also update on the Danish and US median ARR multiple across the sector.

Today, we hosted an event with CEO Jesper Johansen, CFO Jesper Hyveled, and Deputy CEO Matthias Thom. Besides the focus on what drives growth momentum in challenging markets, the management also looked into profitability and margins, and how that could look in a long-term perspective.

Our monthly HCA SaaS newsletter, covering the recent development in the Danish SaaS sector during July, has just been sent out. Besides an update on the Danish median ARR multiple across the sector, we also cover recent Q2 reports from the US cloud giants and look into growth rates in the Danish SaaS sector ahead of the Q2 reporting season.

Our monthly HCA SaaS newsletter, covering the recent development in the Danish SaaS sector, has just been sent out. Besides an update on the Danish median ARR multiple across the sector, we also cover a new takeover offer as well as some of the first H1 2023 trading updates.