Norway · Delayed Price · Currency is NOK Huddlestock Fintech AS Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue held steady at NOK 11 million, with EBITDA improving over 30% sequentially. Strategic partnerships, new customer signings, and a major platform launch in Germany underpin growth ambitions, while liquidity was strengthened with a NOK 10 million facility.
Fiscal Year 2025
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Q4 2025 saw a leaner structure, cost reductions, and strong Visigon growth. Two key IaaS customers were signed, with a white label platform launching in April and Gigabroker going live in June. The company targets cash positivity in 2026 and NOK 100 million Visigon revenue by 2028.
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Restructuring completed with a shift to an asset-light, European-focused model and divestment of Nordic operations. Signed first customer and LOI for a second, with BaFin approval for crypto services. Consulting business targets NOK 100M revenue and 20%+ EBITDA margin by 2028.
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Transformation included divesting unprofitable Nordic operations, focusing on continental Europe, and securing GIGA Broker as a key client. Q2 revenues dipped due to divestments, but cost base and cash burn improved. Outlook is positive, with strong utilization and expansion plans.
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Strategic divestment and focus on Europe have improved financial flexibility, with a leaner structure and a profitable consulting segment. First European customer signed, with onboarding set for H2 2025 and ambitions for further growth and recurring revenues.
Fiscal Year 2024
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Q4 saw a 16% revenue increase and improved EBITDA, with strong cost control and positive operating cash flow. New contracts and a revised strategy for the consultancy segment support growth, while German market expansion progresses through partnerships.
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Q3 revenues declined to NOK 16 million due to seasonal consulting slowdown, while investment as a service grew 1% and assets under administration rose 5%. EBITDA was minus NOK 7 million, and a NOK 14.2 million private placement strengthened liquidity.
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Q2 2024 saw a revenue decline to NOK 18 million, mainly from consulting, while recurring tech revenues grew 7% sequentially. EBITDA worsened to -NOK 6 million, but personnel costs dropped 14%. Strategic LOIs in Germany and a new Danish client support future growth.