Investors

HR-ON 2023 Annual Report

We are proud of:

    • Our continuous growth, marked by receiving the Børsen award for the 6th consecutive year
    • Maintaining low churn rate of 5%, with a high LTV of DKK 1.033 and a low CAC of DKK 48K
    • Building a robust customer base of 500 clients across diverse industries customers from all industries, types and sizes from 1 – 30.000 employees
    • Increasing numbers of users from around the world logging into our platform

HR-ON key SaaS metrics 2023

108% NRR

Snowball effect

5%

Low Churn Rate

21,6%

Growth in ARR

1033 DKK

High LTV

48 tkr.

Low CAC

Ready to Go Global

During the financial year 2022/23 we have:
1. Strengthened the sales organization, achieving record-breaking sales
2. Streamlined and optimized internal business processes within a single platform
3. Continued refining and preparing the product for global scaling

Our progress is also demonstrated by:
Receiving the Børsen Gazelle Award for the 6th consecutive year
Qualifying for the EY Entrepreneur of the Year
Showcasing thought leadership in media, universities, and on LinkedIn

Commitment, Collaboration, and Agile Response to New Demands

Our true unique advantage, in addition to the factors mentioned above, lies in our organization. All development, marketing, sales, and support are managed by closely integrated teams working together at our headquarters in Odense, Denmark. This close collaboration fosters a strong sense of ownership among our employees, enabling us to respond swiftly and effectively to customer and market demands.

In the coming year, we will focus on strengthening our robust platform and organization by investing in scaling our marketing and sales efforts globally.

Our Distinctive Edge and Comparative Strength

With our internal business processes enhanced, our product matured, and our sales strategy validated through multiple record-breaking sales, as well as successfully launching the platform in Japan, we are now poised to enter the global market.

In the upcoming year, our focus will be on further refining our internal processes and preparing both the organization and the platform for a global launch.

I look forward to continuing our journey alongside our customers, partners, and employees in 2023/24.

Ali E. Cevik,  CEO

Would you like to know more?

For general enquiries contact:

Ali E. Cevik

CEO
ali.cevik@hr-on.com
+45 71 99 07 65

Cecilie Jørgensen

CFO
cecilie.jorgensen@hr-on.com
+45 30 93 40 86

 

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    About HR-ON

    HR-ON is a suite of cloud-based applications that help make HR-related tasks easier. From small business and local municipalities to large multinational organizations, HR-ON solutions are flexible to fit the needs of your business.

    Charter mangfoldighed
    ISA

    Østre Stationsvej 27, 3   //  DK-5000 Odense C   //  +45 71 99 07 27   //    sales@hr-on.com   //  CVR: 34474540