Cyviz AS

Earnings Release • Aug 17, 2022

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

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

17.8.2022 07:00:00 CEST | Cyviz | Half yearly financial reports and audit

reports / limited reviews

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/ -

https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalc

ast.com%2Flandingpage%2Fhegnarmedia%2F20220817_5%2F&data=05%7C01%7CEllen.Lome%40

cyviz.com%7Ceebae359901d444446a708da7c5462a0%7C75f40770eacf47dc82c79a4633c87f6f%

7C0%7C0%7C637958999141373349%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjo

iV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=UtICTIF9AbeI1PGP6D

DPhObMz7LVhshNLCQQl%2Fp1D1E%3D&reserved=0

The report, presentation and link to the recorded webcast will be made available

at: www.cyviz.com/investor-relations/ -

https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cyviz.com%2

Finvestor-relations&data=05%7C01%7CEllen.Lome%40cyviz.com%7C51b5f08c430943b901fe

08da32775b9e%7C75f40770eacf47dc82c79a4633c87f6f%7C0%7C0%7C637877785459839223%7CU

nknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI

6Mn0%3D%7C3000%7C%7C%7C&sdata=lN5Vnfw25CgzntN056hQntGSDaZNU8GSgzNngXA12q8%3D&res

erved=0

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

* Marius Skagen, CFO & Investor Relations, Cyviz AS, +47 986 44 846,

marius.skagen@cyviz.com

ABOUT CYVIZ

About Cyviz

Cyviz is a global technology provider for comprehensive conference and control

rooms as well as command and experience centers. Since 1998, Cyviz has

simplified the way the digital workforce connects, visualize, and collaborate

across technologies and critical data. The IT-driven solutions are easy to

deploy, manage and support. Today, Cyviz serves global enterprises and

governments with the highest requirements for usability, security, and quality.

The cross-platform experience Cyviz delivers to manage and control systems and

resources across the enterprise makes Cyviz the preferred choice for customers

with complex needs.

Find out more on www.cyviz.com - http://www.cyviz.com/ or visit one of our Cyviz

Experience Centers in Atlanta, Dubai, Jakarta, Houston, London, Oslo, Riyadh,

Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

ATTACHMENTS

Cyviz Q2 report 2022.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/1661/2230/Cyviz%20Q2%20report%202

022.pdf

Cyviz Q2 2022 presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/1661/2231/Cyviz%20Q2%202022%20pre

sentation.pdf