Spotlio AS – Financial results for the second quarter FY24

Q2 was a quarter of strategic resilience for Spotlio. Despite the revenue challenges, same store sales witnessed an uptick in both SaaS subscriptions and transactional revenues, indicating underlying strength in the core business. Spotlio reported improvements in its gross profit margin and EBITDA, reflecting its adeptness in navigating market fluctuations and maintaining a steadfast focus on its long-term vision. "These achievements are a clear indicator of Spotlio's unwavering commitment to operational excellence and strategic growth," said Christian Erlandson.

Spotlio is poised for continued expansion, particularly in its Parks & Attractions segment. "We are excited to announce a new partnership and customer engagements that we've secured in this period," Erlandson noted. "As we approach the winter season, we are particularly optimistic about the strong start for our mountain resort suite offerings across the US and Europe."

The company's strategic initiatives, including cost rationalization and operational efficiencies, have contributed to a lower cash burn rate. This financial discipline, combined with the positive momentum in key business areas, is expected to pave the way for Spotlio to achieve profitability in FY24. "Our focus on sustainable, long-term growth is stronger than ever, and we are confident in our strategic direction as we move forward," Erlandson concluded.

Spotlio will today host a company presentation at 16:00 CET.

Event: Presentation of Spotlio second quarter FY24 financial results, 1 August 2023 to 31 October 2023

Time: 16:00 CET

Presenters: Christian Erlandson, CEO, and Ida Bolsønes, Interim CFO

Streaming details: https://channel.royalcast.com/landingpage/spotlio/20231207_1/ 

The presentation will be held in English and will be followed by a Q&A session.