Sep 24, 2020 4:57:09 AM

ayfie Group - H1 2020 Financial Report

Posted by Florian Lohmeier - find me on: LinkedIn
ayfie Group AS has today released its interim financial report for the first half of 2020.
Report highlights:
 
  • H1 2020 revenue of MNOK 19.9, hereof 83% recurring revenue
  • H1 2020 net loss of MNOK 33. Product development costs of MNOK 13.4 recognized as operational expenses. There were no capitalization of R&D costs
  • Monthly cost base cut by MNOK 4.6 (44%) during H1 2020, from MNOK 10.5 in January 2020 to MNOK 5.9 in June 2020
  • MNOK 102.8 debt-to-equity conversion June-August 2020
  • MNOK 50 private placement 30 June 2020
  • Admittance to trading on Oslo Stock Exchange’s Merkur Market 7 July 2020
  • Acquisition of Haive AS 11 September 2020
Our report can now be downloaded from our INVESTOR section.
 
For further information please contact:
Siw Ødegaard, CFO
+47 95 75 98 48
siw.odegaard@ayfie.com

Topics: press release, report, english

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