- Correction of revenue forecast from January 2022
- Capital measure planned for this fall
Munich, October 21, 2022: The fintech company Rubean AG (ISIN: DE0005120802, WKN: 512080), Munich, has announced that the revenues forecasted for the current year will be partially realized in the upcoming fiscal year. Based on the financial statements of the Rubean companies for the first nine months of the fiscal year 2022, and the evaluation of the current order situation for the fourth quarter of the fiscal year, the management expects revenues of 0.8 million euros instead of 2.0 million euros. Nonetheless, this represents a 25% increase in revenue for the fiscal year 2022 compared to the previous year.
Due to the delayed revenue and for the purpose of financing the company, the management plans a financing measure this fall, which can be achieved through both equity and debt capital. The management will consider various alternatives in the best interest of the company.
The delay in the expected recurring revenues in 2022 is due to necessary adjustments of the software for corporate customers and delayed contract signings with acquiring partners. The company has already signed contracts with major corporate customers such as the German Sparkassen Group, the Spanish bank BBVA, and the payment service provider Global Payments in 2020/2021. In the current fiscal year, the company has also acquired delivery services in the Czech Republic and Spain, as well as a major charity organization in the UK as customers.
Considering the order backlog, the management expects a positive development in revenue growth.
About Rubean:
Rubean AG is a leading provider of pure software point-of-sale solutions for banks, acquirers, and merchants. In its almost twenty-year history, Rubean has developed innovative solutions for the payment, finance, and banking industry. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with CCV. In addition to its headquarters in Munich, Rubean has branches in Hamburg, London, Tel Aviv, and Tbilisi. Rubean is listed on the m:access of the Munich Stock Exchange, as well as on the Frankfurt, Berlin, and Düsseldorf exchanges, and on Tradegate and Quotrix.
