MotorK : Q3 sales weak leading to downward adjustment of 2022 guidance
>Q3 sales missing our forecast by a mile - In their Q3 trading update, MotorK reported revenues coming in at €8.0m (vs €11.9m AA-OBe). Breaking down the Q3 earnings, the SaaS platform revenues came in 41.2% lower than our expectations at €5.5m (vs €9.3m AA-OBe), while the miss from Digital Marketing and Other revenues was more mild at a single digit, this compared to AA-OB forecasts. The company reported ARR of €21.8m, up 86.3% YoY (28% organically) mainly driven by €...
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