2018-05-16 08:30:38

Hoylu AB publishes the Interim Report for January - March 2018

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The complete version of the Interim Report January - March 2018 is attached in this press release and is available on Hoylu's web site (www.hoylu.com).

"Our focus on large workspaces, business and engineering processes and anytime collaboration is starting to pay off. Whilst we had two customers within the construction vertical one year ago, we had eleven active customers, fourteen ongoing opportunities and more than one hundred leads within the construction vertical at the end of the quarter. We also saw a continued strong momentum in education with more than 20% of active opportunities in higher education and distance learning. Onboarding and training of resellers and partners has progressed successfully and will contribute to growth in the coming quarters. Our partnerships with LG and NEC has generated more leads than closed deals in Q1 for the same reason as mentioned above but our joint marketing activities, trade shows in Europe and US, and larger salesforce has resulted in more than 60 active opportunities with large global enterprises at the end of Q1." says Hoylu Chief Executive Officer, Stein Revelsby.

REMARKS ON THE INCOME STATEMENT

·    Revenues for the first quarter were MSEK 5.3 (2.0)

·    Gross margin was 72 percent (80)

·    Operating loss amounted to MSEK -8.2 (-6.0)

·    Profit after tax amounted to MSEK -8.3 (-6.0)

·    Earnings per share amounted to SEK -0.69 (-0.74)

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

About Hoylu

Hoylu delivers innovative solutions to allow global collaborative teams plan, create and share information that will enrichen the user experience in the virtual office. The Hoylu Suite delivers a comprehensive set of personalized digital 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 visit: www.hoylu.com or www.introduce.se/foretag/hoylu

Ticker symbol: Hoylu

Marketplace: Nasdaq First North Stockholm

Certified Adviser: Mangold Fondkommission +46 (0)8 50301550

Legal Advisors: MAQS Advokatbyrå

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) CEST on May 16, 2018. Hoylu_2018_Q1_ENG_F


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Hoylu AB via Globenewswire

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