Sonetel Reports 59% Customer Growth, 39% Revenue Jump

Sonetel reported significant year-over-year growth in August, according to a press release published by Dagens industri. Sales, measured in USD, increased by 39%, reaching approximately $282,000 in net turnover for the month. By the end of August, the company's Annual Recurring Revenue (ARR) stood at $2.8 million, marking a 40% increase from the previous year. The company also experienced a substantial rise in its active customer base, with a 59% year-over-year increase in subscribers, totaling approximately 32,000 customers. New paying customers acquired in August reached nearly 4,900, a 198% surge compared to August of the prior year. Sonetel highlighted that while revenue and ARR also grew in SEK, the USD figures offer a more representative measure of its performance due to the currency of its primary revenue streams. The financial figures presented have not undergone auditor review.