Kahoot! ASA's (KHOTF) CEO Eilert Hanoa on Q4 2021 Results - Earnings Call Transcript | Seeking Alpha Callin skripti
"Our CapEx is marginal and not eating our operational cash flow. And in the fourth quarter, we saw continued solid development in adjusted cash flow from operations of $13.4 million and that’s up 92% year-on-year and nearly $1.3 million for the full year, up 80% year-on-year.
Fourth quarter adjusted cash flow from operations represented 41% operating revenue for the quarter and 34% for the year. And by the end of the year, we had a cash balance exceeding $107 million."
“…And we continue to offer high gross margin over 90% for the Group as a whole.”
Tämä oli myös merkittävä muutos viestinnässä
“For the financial year 2022, the company will disclose quarterly financial information in accordance with the published financial calendar. Previously, we had trading updates and we are now aligned for quarterly reports only”
"And in our 2025 scenario, it’s about the third of our business in the Kahoot! Work segments, and of the third in School, including the Clever units, and a third from Home & Study, including Academy and Marketplace.
So this also shows very well how important all these three main tracks are in order to achieve our opportunities going forward, and again, the value of the scalability as we are investing in one platform, that are able to reuse these services and package these services for each of the segments going forward.
And this plan, of course, is based on organic development and does not rely on any material acquisition in the period in order to reach those numbers. Of course, smaller bolt-on acquisitions might be a part of this. We will not exclude that opportunity. But, all in all, this will be about really building out the platform and all the great assets we already have in Kahoot! Group today."
Q&A
“We expect Clever to continue to grow in the range of the 25% plus growth rates, as they have historically also been able to do. And we believe that’s the opportunity we have to get with Clever, not only to continue to grow the core Clever business, but also look into new business opportunities that can accelerate that growth, such as Marketplace and – in international development of the platform, is of course, also strengthening that view.”
When it comes to the Group ambition for 2025, and as outlined, we envisioned that it will be probably a third of the business coming from each of the main areas of operations today, meaning our third from Work and similar from School including Clever and Home including Marketplace, of course, then the Marketplace will be important for us to both be able to engage the volume of users, the content on the platform and building that out not only for Home use, but also for School and Work.
" It’s important to remember that the Kahoot! hasn’t been selling corporate or solutions for larger corporations or for larger school districts for more than 18 months."
"Yeah. So in terms of the organic growth, I guess, that was the unanswered question here. So basically, as you alluded to, we have 46, 47 pro forma growth in 2021 over 2022. And obviously, what we’re factoring in is to kind of continue the current organic pro forma growth as we have demonstrated over 2021.
There will be various kinds of initiatives fueling that growth, of course. But the – there is no big intention for us to kind of aggressively ramp up our marketing spending to kind of achieve our billings targets for this year. Not sure if that answered the question however."
