Norway · Delayed Price · Currency is NOK Huddly AS Earnings Call Transcripts
Fiscal Year 2025
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Q4 revenue grew 42% year-over-year to NOK 64 million, with gross margin at 44% (47% excluding one-offs). Strategic partnerships and product launches drove growth, and a NOK 75 million private placement secures liquidity until cash flow positive in H2 2026.
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Q3 revenue surged 75% year-over-year to NOK 45 million, driven by strategic partner growth and new product launches. Gross margin improved to 45%, and operational cash flow turned positive. Despite North American market uncertainty, growth momentum is expected to continue.
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Q2 revenue grew 45% year-over-year to NOK 57 million, with gross margin at 43% (45% adjusted). 2025 revenue guidance was lowered to NOK 240-280 million due to deferred partner revenue, and a NOK 50-75 million private placement was announced to fund operations until cash flow positive in 2026.
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Q1 2025 revenue rose 37% year-over-year to NOK 45 million, driven by strong channel and strategic sales, with gross margin improving to 53%. The new AI-driven C1 videobar launched, and the business plan targets cash flow positivity by end of 2025 amid ongoing market and tariff uncertainties.
Fiscal Year 2024
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Q4 revenue doubled sequentially to NOK 51 million with a 59% gross margin, driven by Huddly Crew adoption and new strategic partnerships. Outlook remains strong with plans to double revenue in 2025 and achieve cash flow positivity by year-end, supported by recent capital raises.
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Q2 saw 18% sequential channel revenue growth and a 39% gross margin, with Americas leading at 25% year-over-year growth. Strategic partner sales remained weak, but cost controls reduced the cash cost base by 15%. A U.S. patent was granted for the Huddly Crew platform.