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Analyst Comment

OrderYOYO: Raises ARR and EBITDA guidance for 2022

By HC Andersen Capital
OrderYOYO

OrderYOYO raises its ARR and EBITDA guidance for 2022 as the merger with app smart progress successfully, and OrderYOYO takes market shares across its major markets.
 
Ahead of OrderYOYO’s Q3 2022 trading update next week, OrderYOYO has today raised its ARR guidance 2022 (December annualized ARR) from DKK 180-195 million to DKK 185-200 million. This is the second upgrade since the company’s merger with app smart in June 2022. Today, OrderYOYO also upgrades its EBITDA (before other extraordinary items) guidance from the range DKK -10 million – 0 to DKK -5 million – 0.
 
The upgrade supports that the merger with app smart is going successfully, and OrderYOYO also states that the company has taken market shares in all major markets despite current difficult market conditions.
 
Guidance for net revenue of DKK 140-155 million in 2022 and December 2022 annualized GMV of DKK 2,050-2,200 million are maintained.   

More information and Q3 SaaS numbers are expected to be released in next week’s trading update on 19 October 2022. 

HC Andersen Capital receives payment from OrderYOYO for a DigitalIR agreement. /Kasper Lihn 12:52 PM 14/10-2022.

OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing and business management solutions. The software enables restaurants, primarily within takeaway, to have their own-branded online presence direct to consumers instead of via food portals. In 2022, OrderYOYO merged with German app smart. Going forward, Germany is an important growth market for OrderYOYO. OrderYOYO has a usage-based business model implying that the company grows with its restaurant partners. The company has been listed at Nasdaq First North in Denmark since July 2021.

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