Spotlio AS - Financial results for the fourth quarter FY24

27 Jun 2024 12:00 CEST

27.6.2024 12:00:01 CEST | Spotlio AS | Additional regulated information required
to be disclosed under the laws of a member state

(Oslo, 27 June 2024) Spotlio AS (Spotlio, Euronext Growth Oslo:SPOT) reported
revenues of USD 2.2 million in the financial fourth quarter of financial year
2023/24, ending 30 April 2024. The company reported revenues of USD 7.3 million
in the financial year 2023/24 ending 30 April 2024 and an adjusted EBITDA of USD
-2.9 million (excluding USD 1 million of one-time severance and legal costs).
The company had USD 7.7 million in annual recurring revenues and 214 resort
customers as per end of April 2024.

The company reported a cash position of USD 0.6 million as per 30 April 2024. In
April 2024, the company successfully established a new debt facility with
certain existing shareholders and key management team members with a total loan
amount of approx. USD 1.7 million. As per end of April 2024, the company had
drawn approx. USD 0.6 million of this debt facility.

"This year has been a transformational year for Spotlio with significant actions
executed to optimize the cost base delivering savings totaling more than USD 2.5
million on an annual run-rate basis and setting the company firmly on the path
to profitability in financial year 2024/25. In addition to these efforts, we
will continue to assess efficiency initiatives that will deliver shareholder
value" says James Price, CFO of Spotlio.

"Despite not reaching our top line revenue targets this financial year in
challenging macroeconomic conditions we have seen significant commercial
traction in recent months as the business transforms towards higher margin
products, in particular within the P&A segment. We have signed significant new
deals in the financial year 2024/25 so far and continue to see many exciting
opportunities continuing to develop in the pipeline" added Albert Ferrando, CEO
of Spotlio.

"As we look towards financial year 2024/25, our relentless focus on new business
along with a disciplined approach to costs has significantly increased our
efficiency and gives us a glimpse of what the profitable future looks like for
Spotlio. As we continue to implement our strategy, we are confident in driving
sustainable growth for our Company over the longer term", concluded Mr Ferrando.

DISCLOSURE REGULATION

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

CONTACTS

* Albert Ferrando, CEO, Spotlio AS, +34 932 20 35 45,
albert.ferrando@spotlio.com
* James Price, CFO, Spotlio AS, +34 972 001 021, james.price@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

Q4 FY24 Earnings Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847592/18160866/4710/Q4%20FY24%20Earning
s%20Presentation.pdf

More information:
Access the news on Oslo Bors NewsWeb site

622549_Q4 FY24 Earnings Presentation.pdf