HOYLU AB: HOYLU RELEASES PRELIMINARY Q4 SALES NUMBERS - Hoylu

HOYLU AB: HOYLU RELEASES PRELIMINARY Q4 SALES NUMBERS

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Stockholm, Sweden, January 16, 2020 – Hoylu, a leader in Interactive Visual Collaboration solutions, announced today preliminary Q4 bookings, billings and revenue numbers.

Hoylu is transitioning its business model to a software as a service (SaaS) business and will report bookings, billings as well as annual recurring revenues (ARR) in addition to total revenues going forward.

To avoid speculation about Q4 performance Hoylu today decided to release preliminary revenue numbers for Q4. Bookings in Q4 were 19.2 MSEK. Revenues in the quarter were 8.1 MSEK and billings were 11.4 MSEK. Annual recurring revenues and long-term service contracts for 2020 per January 1st were 15 MSEK.

The complete financial report for Q4 2019 will be released on February 24, 2020.

Hoylu’s software and solutions offer new and exciting ways to communicate and collaborate smarter, faster and more efficiently. Create Connected Workspaces™ that include engineering plans, project schedules, design reviews, and analyze large data sets on large scale HoyluWalls or any device you choose. Hoylu products are designed to make digital work simple, seamless and hassle free.

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. Hoylu delivers a comprehensive set of personalized Connected WorkspacesTM 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.

Ticker symbol: Hoylu
Marketplace: Nasdaq First North Growth Market
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 (08:30) CET on January 16, 2020.