OrderYOYO

From a valuation perspective, the sector has been hit by a higher interest rate environment, which potentially could have peaked. At the same time, we have seen a lower growth rate in Q1 2023 from the listed global SaaS companies, which is now closer to Gartner's projected 2023 SaaS global market growth.

Our third monthly Software-as-a-Service (SaaS) newsletter is out! In our newsletter, we shed light on the recent market development and the current trend of companies being taken off the stock market (takeover and delistings).

This Monday, OrderYOYO announced strong Q1 2023 performance, an acquisition of a UK and Irish online ordering company, and a guidance raise for 2023 on all parameters. Despite challenging market conditions, also underpinned by today’s trading update from the food portal Just Eat, OrderYOYO grew ARR by 39% YoY and revenue by 29% YoY in Q1 2023, thus continuing its momentum from H2 2022.

Today, OrderYOYO announces its Q1 performance with accelerating growth, an acquisition of a specialized UK and Irish online ordering company, and a guidance upgrade for 2023.

Today, we have sent out our second monthly Software-as-a-Service (SaaS) newsletter, which covers news from March month and the recent development in the ARR valuation multiple. This newsletter’s theme focuses on the growth outlook for 2023, providing perspectives from Gartner reports, a CIO survey, as well as new 2023 guidance from the listed companies. Looking into the Danish SaaS sector, we see that the expected 2023 growth rates (we take the midrange of the SaaS companies’ 2023 ARR guidance) are slightly above the realized ARR growth from 2022.

This Friday, we hosted an event with CEO Jesper Johansen and CFO Jesper Hyveled, where we went deeper into the more detailed full-year report, with a special focus on the balance and profitability after a large merger in 2022. Other key topics covered were OrderYOYO's M&A outlook, the market conditions, and the drivers behind the expectations for 2023.