Swedish digital signage integrator ZetaDisplay AB reports a 20.6% increase in recurring revenue in Q3 2024 (Globenewswire)

Report summary: JULY – SEPTEMBER 2024 Recurring revenue, adjusted for discontinued operations*, increased by 20.6% to SEK 62.8 (52.1) million Recurring revenue, excluding adjustments for discontinued operations, increased by 13.6 % to 62.8 (55.3) million Net sales, adjusted for discontinued operations*, increased by 30.7% to SEK 148.8 (113.8) million Net sales, excluding adjustments for discontinued operations, increased by 28.9 % to SEK 148.8 (115.4) million Gross margin* decreased to 57.9% (62.5%) Adjusted EBITDA* was SEK 22.9 (12.0) million CEO comment GROWTH IN RECURRING REVENUE AND STRATEGIC EXPANSION Net sales for the quarter increased to SEK 148.8 (113.8) million, with recurring revenue rising by 20.6% to SEK 62.8 (52.1) million, representing 42.2% of net sales. […]