22 July 2020

2020 Second Quarter Revenue

Record €7.5m quarterly revenue despite the financial crisis
Strong 15% revenue growth
Record €6.1m bookings in Q2 2020

PARIS, France – 21 July 2020 | Sidetrade (Euronext Growth: ALBFR.PA), the

Artificial Intelligence platform dedicated to accelerating company revenue and

cashflow, reports a record-breaking second quarter, with remarkable growth in

revenue and orders despite the severity of the Covid crisis.

Olivier Novasque, CEO of Sidetrade, had this to say about Q2 2020 achievements:

Income and bookings achieved an unparalleled level this second quarter despite the overall state of

the economy. Even with all of our staff teleworking, we still achieved the best quarter of our history in

terms of sales, with €6.1m in new contracts signed. This performance is the fruit of years of work on

innovation, especially AI. Additionally, Sidetrade’s position perfectly meets the needs of today’s

businesses striving to boost and secure cashflow in an increasingly digital world. Current market

dynamics are actually strengthening our leadership position at home and abroad. I would once again

like to thank our teams for meeting the present challenges with creativity and dedication. I also want

to thank our customers for their continuing trust during difficult times.

Record €7.5m revenue growth demonstrates the resilience of the SaaS model

Sidetrade (million euros)

Revenue

2020 Q2

7.5

2019 Q2

6.6

Variation

+15%

Following up on an excellent first quarter (+14%), Sidetrade kept-up the momentum, achieving 15% organic growth compared to Q2 2019 (€6.6m). Sidetrade’s Q2 2020 revenue was €7.5m, the highest in their history. Thanks to their SaaS business model, Sidetrade is weathering the crisis well. More than ever, the resilience of the company’s recurrent SaaS model allows them to stand strong. In fact, 89% of Sidetrade’s quarterly revenues are recurrent, one of the highest ratios in the software industry.

Record €6.1m bookings in Q2 2020

The Covid crisis has brought to light just how crucial it is to secure cashflow, which has been good for Sidetrade’s sales. In Q2 2020, Sidetrade demonstrated their capacity for adaptation and innovation by tracking the impact of the Covid pandemic on unpaid invoices. The freely accessible tracker showed changes in the payment behaviour of 3.7m businesses since the start of the year in the United Kingdom, France, Spain, Italy, Belgium and the

Netherlands.