This company's branding has already reached 805 peopleand his is followed by 4 Storybook users.On average, the company has been rated 4.5 points.and commented 26 times.

's activity report 2022

Company Activity Overview

Smartbnb OÜ continues to be dedicated to transforming the hospitality of short-term rental companies. Our "guest experience" product remains the cornerstone of our success. It allows our customers to automate repetitive messages, streamline their operations, and provide excellent service to guests in 28 languages. Our technology strength is reinforced by our unparalleled integration with the industry's largest marketing channels, including Airbnb, Vrbo, and Booking.com.

Main events in the fiscal year 2022 continued the recovery of the short-term rental industry and due to further easing of travel restrictions, our customers experienced an increase in booking numbers. The improving business environment allowed us to focus on growth and strengthen our product offering.

Throughout 2022, we further expanded our product portfolio and improved existing features, resulting in an increase in our main assets, especially intangible assets. We continued to invest in the development of our product offering and engineering resources, as evidenced by the increase in prepayments for intangible assets.

Financial Results

Smartbnb has shown an impressive growth trajectory in 2022, with revenues reaching 3,575,719 euros, which is a significant 114% growth compared to 1,671,231 euros in 2021. This increase demonstrates the company's resilience and adaptation to market conditions after challenges arising from the coronavirus pandemic.

In 2022, Smartbnb's assets grew by 17.7% to 756,99 euros, compared to 643,085 euros in 2021. Cash and cash equivalents grew by 69.2%. In 2022, Smartbnb was able to reduce its costs of goods, raw materials, and services from 788,461 euros in 2021 to 580,820 euros, representing a 26.3% decrease. However, the company invested significantly more resources in sales, marketing, and development. The company has been able to optimize its resource usage while investing in its growth at the same time.

Despite the challenges, Smartbnb managed to achieve a positive operating profit of 17,435 € in 2022, marking a turnaround compared to the operating loss of -28,023 € in 2021. This highlights the company's ability to navigate market conditions and return to profitability. The profit (loss) for the reporting period of 2022 was -2,389 €, which is an improvement compared to the loss of -40,688 € in 2021. The trend shows that the company is moving in the right direction.

Forecasts

As the short-term rental industry continues to recover and grow, Smartbnb wants to take advantage of this momentum by improving and expanding its product offering. We plan to invest significantly in engineering and product resources to quickly develop repetitive products based on customer feedback.

Our goal is to further strengthen our position as a leading provider of technological solutions for short-term rental hosts and companies worldwide.