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2019-07-15 08:30:06
Oslo, Norway - 15 July 2019 - Cxense ASA (OSE: CXENSE) today announced that it
in Q2 2019 signed 16 new contracts with Quarterly Recurring Revenue (QRR) effect
of USD 171.7 thousand for the company's data management platform (DMP) with
intelligent personalization.
Full QRR effect from 17 contracts notified to be terminated in Q2 2019 was USD
190.1 thousand for the core business. As a result, net new QRR from new and lost
contracts was USD -18.4 thousand.
New QRR
Q1 2019 Q2 2019 Change %
New QRR from new clients 61.6 131.9 114.1%
New QRR from upsell 68.0 39.8 -41.5%
Total new QRR 129.6 171.7 32.5%
No. of contracts new clients 6 7
No. of contracts upsell 10 9
Lost QRR
Q1 2019 Q2 2019 Change %
Lost QRR from lost clients 99.3 176.5 77.7%
Lost QRR from downsell 19.6 13.7 -30.1%
Total lost QRR 118.9 190.1 59.9%
No. of contracts lost 9 16
No. of contracts downsell 3 1
New contracts signed in Q2 included the sale of Cxense Conversion Engine to the
US based digital media company Penske Media Corporation, who will implement
Cxense on several of its well known brands such as Variety, Rolling Stone and
Women's Wear Daily. Furthermore, a leading publisher in the Benelux countries
signed an agreement to implement Cxense DMP as its unifying data management
platform for all its digital properties.
About Cxense:
Cxense is an AI-powered Data Management and Intelligent Personalization platform
that helps 200 leading publishers and marketers around the globe build personal,
profitable relationships with their customers. Our technology organizes first
party data into powerful custom segments and 1:1 user profiles before applying
machine learning to understand and predict customer behavior and intent. As a
result, our clients are able to deliver unique and relevant content and offers
to customers in real time, driving more subscriptions, sales, and higher
customer lifetime value. Our solutions process interactions from about 7,000
websites on 2 billion devices each quarter. Cxense is listed on the Oslo Stock
Exchange and has offices in Norway, the US, Japan, Russia, Germany, and
Argentina.
Investor Relations Contact:
Jørgen Evjen, Chief Financial Officer
Email: ir@cxense.com
Mobile: +47 928 04 014