Hoylu AB: Hoylu AB (publ) publishes the Interim Report for January – March 2019

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The complete version of the Interim Report for January – March 2019 is attached in this press release and is available on Hoylu’s web site (www.hoylu.com).

“The activity level in Q1 was high although we did not close as many deals as we had planned for. The focus was on transitioning to a Software as a Service business model, working with our largest customers, finalizing documentation and going through risk assessments and security reviews. Enterprises can now utilize Azure Active Directory services to authenticate users within their domain and users will be automatically logged in to Hoylu Connected Workspaces™, creating a seamless experience that company IT organizations can easily implement and manage. Our ability to meet strict security requirements is a prerequisite for larger scale enterprise deployments and also a competitive advantage” says Hoylu Chief Executive Officer, Stein Revelsby.

FIRST QUARTER 2019
 – Revenues for the first quarter were MSEK 6.5 (5.3)
 – Gross margin was 70 percent (72)
 – EBITDA for the first quarter was MSEK -6.2 (-6.7)
 – Operating loss was MSEK 7.6 (-8.1)
 – Profit after tax amounted to MSEK -8.5 (-8.3)
 – Earnings per share amounted to SEK -0.57 (-0.56)

The interim report for Hoylu has been prepared in accordance with the Annual Accounts Act and the Swedish Accounting Standards Board on annual report, and consolidated financial statements BFNAR 2012: 1 (K3) as well as the Swedish Securities Market Act.

For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com

Hoylu AB
Hoylu delivers innovative enterprise solutions to allow global teams to collaboratively plan, create and share information that enrichen the user experience in the virtual office. The Hoylu Suite delivers a comprehensive set of personalized connected workspaces to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Education, Pharmaceutical, Construction, Manufacturing, Graphic Design and many more. For more information: www.hoylu.com or visit www.introduce.se/foretag/hoylu

Ticker symbol: Hoylu
Marketplace: Nasdaq First North 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 8:45 AM CEST on May 16, 2019.

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