Report
Julian Dobrovolschi ...
  • Wim Gille

MotorK : FY 2023 results below estimates, but show good ARR progress

>Q4 2023 results below our estimates - Q4 2023 revenue came in at € 11.8m vs our forecast of € 18.4m. In terms of mix, SaaS platform revenue came in at € 9.3m and grew c.70% YoY, albeit the comp base was undemanding. Digital marketing revenue were € 2.0 in the last quarter, and up 10.4% YoY. Set-up fees and other revenue came soft at € 0.5m. Overall, only ad revenue came above our forecast, whilst other revenue lines were materially below our figures. On a FY basis, g...
Underlying
MOTORK LTD

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Julian Dobrovolschi

Wim Gille

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