ayfie Group - H1 2020 Financial Report

Florian Lohmeier : Sep 24, 2020 10:57:09 AM

press release report english

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