Cyviz reports a solid quarter with all-time high revenue of NOK 120m and positive EBITDA

Cyviz AS today publishes its financial results for the second quarter of 2022, with an all-time high revenue of NOK 120m, a positive EBITDA of NOK 5.0m and a gross profit of NOK 54.2m.

This was the sixth consecutive quarter with growth in order intake, and Cyviz is now at NOK 445m looking from a rolling 12-months perspective. That represents a growth of 45% compared to Q2 2021 with good contribution from a continuously expanding footprint in the key market segments corporate, energy and government and defense.

“We are very pleased to have delivered on our strategy in relation to broadening our customer portfolio in the second quarter. We now have a good balance between public and private customers across geographies. Return to the office place and the advent of hybrid workplaces continues to drive demand for our collaboration solutions”, says CEO Espen Gylvik at Cyviz.

During the quarter, Cyviz also entered two new strategic partnerships that supports the company`s direction towards platform and SW to exploit untapped potential in sales channels and extend the reach of Cyviz solutions into broader markets and verticals. The first deal was with Techlit SCM, an Italian integrator which will implement Cyviz Easy Agent for Teams integration in the Italian market. The second deal was signed with Atea Group for building managed services for enterprise customers in Scandinavia with Microsoft Teams Rooms (MTRs).

 Highlights Q2 2022

• Cyviz delivered an EBITDA of NOK 5.0m in the second quarter, an improvement of NOK 23.3m compared to last reported quarter
• Revenues grew by 17% compared to Q2 2021 and ended at an all-time-high of NOK 119.8m
• Gross profit of NOK 54.2m representing a growth of 21% compared to Q2 2021
• Order intake of NOK 116.9m for the quarter leaving the rolling 12-months trend at NOK 445m
• Order backlog of NOK 218.8m after Q2
• Awarded several large contracts totaling NOK 33m in the Government & Defense-vertical including what will become one of the largest command & control centers in the world

Cyviz AS is presenting its Q2 2022 report and presentation on Wednesday 17 August at 09:00 (CET) and hereby invites investors, analysts, and other stakeholders to a live webcast.

Link to webcast:
https://channel.royalcast.com/

The report, presentation and link to the recorded webcast will be made available at: www.cyviz.com/investor-relations/