Brief: Hoylu Annual Recurring Revenues At SEK 26.7 Million At End Of Q4

Hoylu AB

08/01/2021 07:52

Jan 8 (Reuters) - Hoylu AB  HOYLU.ST :
    * ANNUAL RECURRING REVENUES (ARR) INCLUDING LONG TERM
SERVICE
CONTRACTS WERE SEK 26.7 MILLION AT END OF Q4, UP 11% FROM SEK
24.0 MILLION AT END OF Q3 AND UP 78% JANUARY 1ST 2020.
    * REG-HOYLU AB ANNOUNCES PRELIMINARY NUMBERS FOR Q4, 2020
    * TOTAL NUMBER OF USERS INCREASED BY 11,000 IN Q4, UP 50%
FROM Q3.
REVENUES IN Q4 WERE SEK 7.0 MILLION.
    * SEVERAL NEW ENTERPRISE LICENSE AGREEMENTS WERE SIGNED IN
QUARTER
AND CONVERSION TO PAID USERS WILL BE BASED UPON ACTIVE USAGE
GOING FORWARD
    * EXPECT THESE TO RESULT IN HIGHER GROWTH IN COMING QUARTERS
    * HOYLU'S TWO LARGEST ENTERPRISE ACCOUNTS INCREASED MORE
THAN 40%
IN Q4 TO 1,800 AND 5,500 USERS RESPECTIVELY.

Source text for Eikon:  ID:nGNE4MKv0C 
Further company coverage:  HOYLU.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))