Spotlio AS - Financial results for the second quarter FY24

07 Dec 2023 15:00 CET

7.12.2023 15:00:00 CET | Spotlio AS | Additional regulated information required
to be disclosed under the laws of a member state

(Oslo, 7 December 2023) Spotlio AS (Spotlio, Euronext Growth Oslo:SPOT) reported
revenues of USD 1.1 million in the financial second quarter ending 31 October
2023 with annual recurring revenues of USD 7.4 million and a cash position of
USD .8 million as per 31 October 2023.

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.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Christian Erlandson, CEO, +44 7795953849, christian.erlandson@spotlio.com
* Ida Bolsønes, Interim CFO, +47 95922466, ida.bolsones@spotlio.com

ABOUT SPOTLIO AS

Spotlio AS is a trailblazing force in destination digital technology, offering
tailor-made solutions - from apps to e-commerce, and almost everything in
between - that redefine the way consumers interact with resorts, parks, and
attractions. With a decade-long legacy of excellence, Spotlio empowers clients
with innovative white label digital solutions and pricing services, fostering
connections and enhancing experiences on a global scale.

ATTACHMENTS

Q2 FY24 Earnings Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847592/2796/3905/Q2%20FY24%20Earnings%20
Presentation.pdf

More information:
Access the news on Oslo Bors NewsWeb site

605991_Q2 FY24 Earnings Presentation.pdf