OrderYOYO – Q3 2022 trading update

OrderYOYO – Q3 2022 trading update

OrderYOYO – Q3 2022 trading update 25 OktoberOkt 2022 11:00 - 11:30Online Event

OrderYOYO is expected to release its Q3 2022 trading update on 19 October 2022. The company’s management will present the recent results in a virtual live event with a Q&A session the 25 October at 11.00. Here you can get an update on recent business development, SaaS metrics as well as insights about the current market conditions.

Despite challenging market conditions in 2022, OrderYOYO presented an ARR growth rate of 14% in its recent H1 2022 report and a consolidated total ARR of DKK 167m. More importantly, OrderYOYO’s merger with the German app smart is progressing well as stated in the recent guidance upgrades. In July, which was the first month as a combined company, the company’s ARR grew to DKK 177m. On the back of this, OrderYOYO has raised its ARR guidance (end 2022) two times, most recently on 14 October from DKK 180-195m to DKK 185-200m.

The focus in the Q3 trading update will be whether the first positive indications of the merger are continuing, and we will also look for management comments about the market conditions in the takeaway business after negative comments from some of the food portals.

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.

HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 8:20 AM 18 Oct 2022.

 

About OrderYOYO

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.

Information

OrderYOYO – Q3 2022 trading update 25 OktoberOkt 2022 11:00 - 11:30
OrderYOYO – Q3 2022 trading update Online Event
OrderYOYO