ourth Quarter and Full Year 2022 Business Highlights:
- Revenue for the fourth quarter 2022 grew by 6% quarter over quarter.
- Recurring revenue reflects 82% of Otonomo’s revenue for the fourth quarter 2022.
- Bookings* for the fourth quarter grew by 65% quarter over quarter to $3.6 million of which 79% is recurring revenue.
- Backlog** as of December 31, 2022 was $6.3 million.
- Annual Recurring Revenue (“ARR”) was $7.0 million, an increase of 5% quarter over quarter.
- Otonomo added 21 new customers in Q4 2022 and 55 new customers in total in the full year 2022.
- Signed two new OEM contracts during 2022 for a total of 24 active OEM contracts.
- Signed thirteen new fleet customers in 2022 growing the number of fleet vehicles on the platform by more than 5.5x.
- In Q2 2022 Completed the acquisition of The Floow a United Kingdom-based SaaS provider of connected insurance technology for major carriers globally.
- Signed partnership agreements with Microsoft, Michelin, Renault, SAP, Salesforce, and Iteris in 2022
