Cyviz AS

Earnings Release • Aug 31, 2021

Cyviz AS - Q2 2021: Strong growth with record high booking and revenue numbers

Cyviz AS - Q2 2021: Strong growth with record high booking and revenue numbers

31.8.2021 08:00:01 CEST | Cyviz | Half yearly financial reports and audit

reports / limited reviews

Cyviz AS, a global technology provider for standardized conference rooms,

control rooms and experience centers, today published its financial results for

the second quarter 2021. Q2 2021 was the best-ever quarter in the company's

history, with record high revenues at NOK 102 million, representing a year over

year organic growth of 113%. Order intake in the quarter increased 182% from Q2

2020 reaching an all-time high at NOK 108 million.

The need for functional collaboration solutions to bridge geographies and allow

for immersive in-room experiences increases, and is driving demand for Cyviz

collaboration solutions.

- The second quarter of 2021 is historical, with record high revenues and order

intake and positive EBITDA sustaining the growth trajectory. It demonstrates

that the results for Q1 were the start of a journey that continues in Q2 and

gives headway to our long-term targets, says Espen Gylvik, CEO of Cyviz.

- Cyviz has added several significant accounts to its portfolio over the years

and continues to attract global leaders with its outstanding technology platform

and services. The benefits for large multinationals standardizing on the Cyviz

Easy Software Platform are many, bringing efficiency gains and outstanding user

experiences to collaboration rooms and operations centers, says Gylvik

MICROSOFT SUCCESS CONTINUES IN Q2

- Microsoft is one standout example and has become an important account. In Q2

2021 12 projects have been delivered across multiple regions, more orders are

anticipated regularly in the coming quarters, and the deliveries are tracking

against the plan. The solutions for Microsoft Technology Centers worldwide are

visual collaboration solutions built on the Cyviz Easy Software Platform and

serves to power Microsoft's most important customer and partner engagement

arenas, says Gylvik.

- The recruitment efforts continue, and since the beginning of the year, 27 new

employees have started by the end of Q2 including 11 new salespeople across the

US, Europe and Asia. Total global headcount has now reached 131. The pace of

hiring is faster than expected driven by growth in demand for our solutions and

is a good indication that Cyviz is an attractive place to work, says Gylvik.

HIGHLIGHTS Q2 2021

* ? 182% year-on-year growth in order intake to NOK 108 million

* ? 113% year-on-year increase in revenue to NOK 102 million

* ? EBITDA of NOK 7.4 million, evidencing scalability of the business model

* ? Microsoft orders of NOK 65 million and delivering against plan

* ? Backlog increased to NOK 119 million from NOK 114 million at the end of Q1

2021

The interim financial report and presentation for Q2 2021 are enclosed.

Cyviz AS is presenting its Q2 2021 financial results on Tuesday 31. august 2021

at 14:00 (CET) and hereby invites investors, analysts and other stakeholders to

a webcast with Q&A. The webcast will be moderated by Carnegie analyst Kristian

Støle. If you want Kristian Støle to ask your questions to the management, these

can be sent to info@xtrainvestor.com or during the webcast.

Link to the webcast:

https://inqrate.com/xtravideos/cyviz-presentation-with-qa-august-31-2021/

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

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

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Erik Fausa Olsen, CFO & Investor Relations, Cyviz AS, +4790738944,

erik.fausa.olsen@cyviz.com

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

ABOUT CYVIZ

Cyviz is a global technology provider for standardized conference rooms, control

rooms and experience centers. Since 1998, Cyviz has empowered the digital

workforce to connect, visualize, and collaborate on their critical data. The

IT-driven turnkey solutions are easy to deploy, manage and support. Cyviz serves

global enterprises and governments with the highest requirements for usability,

security and quality, that engage people, encourage collaboration, and

accelerate decision-making.

cyviz.com - https://www.cyviz.com

ATTACHMENTS

Cyviz Q2 2021 Presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/800/1059/Cyviz%20Q2%202021%20Pres

entation.pdf

Cyviz Q2 2021 Report.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/800/1061/Cyviz%20Q2%202021%20Repo

rt.pdf