FIRST THREE MONTHS 2024

• Annual Recurring Revenue (ARR), including long-term service contracts, increased to MSEK 59.8 during the period, up 15% from Q1 2023.
• Revenue for the first three months of 2024 was MSEK 14.1 (12.7), an increase of 11% compared to the first three months of 2023.
• EBITDA for the three months of 2024 was negative MSEK 2.9 compared to negative MSEK 5.5 in the first three months of 2023.
  
  

The complete version of the Interim Report for January – March 2024 is attached in this press release and is available on Hoylu’s web site (www.hoylu.com/investor-relations/financial-reports/).
 
For more information, please contact:

Truls Baklid, CEO Hoylu + 47 924 38 900 Email: tob@hoylu.com
Kjartan Berge Steinshamn, CFO Hoylu + 47 481 27 673 Email: kbs@hoylu.com
 
About Hoylu

Hoylu’s visual collaboration technology empowers distributed teams to translate ideas into actions. Large enterprises as well as small and medium companies rely on Hoylu to run projects, programs, and initiatives across time zones and continents as seamlessly as when working in the same room. For more information: www.hoylu.com.

Ticker symbol: Hoylu

Marketplace: Nasdaq First North Growth Stockholm

Certified Adviser: Mangold Fondkommission AB +46 (0) 8 50 301 550; ca@mangold.se

Publication

This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on May 30, 2024.