LiveChat Software estimates that revenues in Q3 of the financial year increased by 14.3%
LiveChat Software’s estimated consolidated revenues in the third quarter of 2021/22 financial year amounted to USD 13.92 mn.
In the same period of the previous year (October - December 2020) the consolidated revenues amounted to USD 12.18 mn and in the period July - September 2021 (Q2 of 2021/22 financial year) the consolidated revenues amounted to USD 14.34 mn.
The increase in revenues compared to the previous year results from both the increase in the number of clients of all the Group’s solutions and the higher ARPU (average revenue per client). The decrease in relation to the previous three months is the result of a very high level of annual payments recorded in the second quarter and fully booked in this period, and a relatively low level of such payments in the third quarter of the current year. This situation was described in the Management Board's Report for the first half of the financial year published on November 24, 2021.
The increase in recurring revenues (MRR - Monthly Recurring Revenue) allows now to expect revenue increases in the coming quarters, both on an annual and quarter-to-quarter basis.
The Group’s Monthly Recurring Revenue (MRR) value at the end of December 2021 was 4.44 mn USD, which is an increase of 1.0% from the end of September 2021 and an increase of 15.5% year on year. For the purpose of MRR calculation, the annual payments are broken down into individual months.
The presented data are estimates and preliminary. Therefore, they may ultimately differ from those shown in the periodic report. Because the Group generates the vast majority of revenues in the US dollar (USD), the USD / PLN exchange rate has a significant impact on the results presented in the periodic reports.