- NITRO SOFTWARE COMPETITORS PDF
- NITRO SOFTWARE COMPETITORS UPDATE
The transition to subscription in the dominant Business sales channel was effectively completed in FY2021, with 88% of revenue in Q4 2021 generated from subscription contracts.Ĭash receipts from customers in FY2021 amounted to US$51.5 million, up 21% compared to FY2020. Revenue comprised 66% of total revenue, compared to 53% for FY2020, reflecting Nitro's ongoing successful conversion to a subscription-based business model.
Financial metrics provided reflect the performance of Connective post close after 20 December 2021, unless explicitly indicated otherwise.
Financial metrics provided are unaudited results for the quarter and the year ending 31 December 2021. Nitro's transition to a SaaS business model continues 5, with subscription revenue in Q4 2021 representing 71% of total revenue, compared to 58% in Q4 2020. Key customer wins and expansions in the quarter included Deutsche Bank, ICON, Eversheds Sutherland, Swiss Re and Ausenco. ARR at 31 December 2021 including Connective was US$46.2 million. Nitro finished Q4 2021 with ARR at year-end of US$40.1 million excluding Connective, up 41% from 31 December 2020 and in line with the guidance range of US$39.0 million to US$42.0 million. FY2021 revenue including Connective was approximately US$50.9 million. Nitro completed FY2021 with total revenue of US$50.7 million excluding Connective, up 26% compared to FY2020, at the top end of the upgraded guidance range provided in October 2021 of US$49.0 million to US$51.0 million. We ended the year with a worldwide team of over 300 Nitronauts and we look forward to further scaling the business in 2022." Throughout the activity of the past quarter, we have retained our focus on the core business and maintained our sales momentum, delivering a strong revenue outcome, at the top end of our upgraded guidance range. NITRO SOFTWARE COMPETITORS PDF
We enter FY2022 well positioned to continue scaling our PDF productivity footprint and to become a leading global player in the fast-growing enterprise eSigning market. With the integration of Connective and its high trust, enterprise-grade eSigning, eID and workflow capabilities, the Nitro Productivity Platform can now meet virtually every customer need in eSigning. Sam Chandler, Nitro's Co-Founder and Chief Executive Officer, said: "Q4 2021 was one of the most active and notable periods in Nitro's history, with the successful completion of the Connective acquisition, and the capital raising that helped fund it, setting us up for further long-term growth.
Excluding leases covered under AASB 16. Nitro Business sales comprise sales executed by Nitro's Sales team and exclude online/eCommerce sales. All numbers in this paragraph refer to Nitro's revenue excluding Connective. 
Cash and cash equivalents of US$48.2 million including Connective as at 31 December 2021 with no debt 3, providing a strong financial position to pursue growth opportunities. Successfully completed the €70.0 million acquisition of Connective, which closed on 20 December 2021, with robust post-acquisition integration activities ongoing. Successfully completed a A$140.0 million capital raise through the combination of an institutional placement and a retail entitlement offer. In the larger Business sales 2 channel, 88% of revenue in Q4 2021 was subscription, with this transition being effectively completed in FY2021. Transition to a SaaS business model continues 1, with subscription revenue now comprising 71% of total revenue in Q4 2021, compared to 58% in Q4 2020. FY2021 revenue excluding Connective was approximately US$50.7 million, an increase of 26% compared to FY2020, at the top end of the upgraded guidance range. 
Annual Recurring Revenue ('ARR') at 31 December 2021 excluding the Connective acquisition was US$40.1 million, an increase of 41% vs. NITRO SOFTWARE COMPETITORS UPDATE
Nitro Software Limited (ASX: NTO) ('Nitro' or the 'Company'), a global document productivity software company driving digital transformation in organisations around the world, today releases its (unaudited) Appendix 4C Quarterly Cash Flow Report for the quarter ended 31 December 2021 and is pleased to provide the following update on financial and operating performance.
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