Here are Frans and Antti’s previews as LeadDesk reports its Q1 results on Friday, April 24th. 
We expect the company’s revenue growth to have continued, driven by acquisitions, and organic growth to have remained slightly negative. Regarding profitability, we expect the company to have continued on its path of earnings improvement, as the integrations and cost synergies of previous acquisitions are more clearly reflected in the figures, as in H2’25. The company’s share price has collapsed due to AI fears and thin liquidity following the Q1 results. In addition to earnings development, we are paying attention to the development of annual recurring revenue (ARR), the product development and commercial progress of AI features, and the company’s ability to respond to the market transformation. In our view, LeadDesk has reasonable potential for its size to bring AI benefits to its customers, especially in regulated industries, but the revenue impacts are so far very small and it is almost impossible to reliably assess the ultimate winners in the sector at this stage.