Huddly AS – Q2 2025: Revenue growth of 45 %

21 Aug 2025 07:00 CEST

Oslo, 21 August 2025: Huddly reported revenues of NOK 57 million in Q2 2025, a
growth of 45 % compared to the same period last year. Growth is driven by strong
performance in Channel and Strategic Partner segments. Q2 2025 marks the third
consecutive quarter of year-over-year revenue growth.

In Q2 2025, Huddly achieved several key milestones in its business plan. The
company launched the AI-driven C1 videobar and signed a Memorandum of
Understanding (MoU) with the industrial player Barco. At the same time, the
partnership with Shure continued to develop, with revenues ramping up.

The gross margin was 43% in Q2 2025, or 45% excluding one-off effects. For the
first half of 2025, the gross margin stood at 47%.

The first customer shipment of the new AI-driven videobar Huddly C1 is scheduled
in September, according to plan. The C1 videobar gained further market
visibility through a European roadshow held in partnership with Lenovo and
Microsoft. In addition, Huddly is currently in final negotiations for a new
partnership with another leading global industrial player.

While the business plan remains unchanged and has started to show results,
Huddly has revised its growth targets: 2025 full-year revenue 2025 in the range
between NOK 240 million and 280 million, and cash flow positive in 2026.

To bridge Huddly to cash flow positive in 2026, the company contemplates a
private placement of NOK 50 - 75 million, of which NOK 50 million is guaranteed.
For details regarding the contemplated private placement and the negotiations,
see separate stock exchange notification.

The Q2 2025 presentation will be held on Zoom by CEO Rósa Stensen and CFO
Abhijit Banik on 21 August at 08:00 CET. A Q&A will follow directly after the
presentation. Questions may be submitted to ir@huddly.com or live during the
session.

Register via the following link to access the Q2 2025 presentation and Q&A:
https://eu01web.zoom.us/webinar/register/WN_a5wwo-_HQDmw43EkUFu7HQ

A recording of the presentation and Q&A session will be published on the
company’s website.

For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation ("MAR") and is subject to the disclosure requirements
pursuant to MAR article 17, Euronext Growth Oslo Rule Book – Part II, section
3.9 and section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Abhijit Saha Banik, CFO of the Company,
on 21 August 2025, at 7:00 CEST.

This announcement may include projections and other "forward-looking" statements
within the meaning of applicable securities laws. Any such projections or
statements reflect the current views of the Company about further events and
financial performance. No assurances can be given that such events or
performance will occur as projected and actual results may differ materially
from these projections. The Company undertakes no obligation to publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date of this announcement.

About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing
technology and challenging the status quo in to empower human collaboration.
Combining our industry-leading expertise in artificial intelligence, software,
hardware, and UX, we craft intelligent camera systems that enable inclusive and
productive teamwork. Huddly cameras are designed to provide high-quality,
AI-powered video meetings on major platforms, including Microsoft Teams, Zoom,
and Google Meet. With upgradable software, durable hardware, and engaging user
experiences, they are the ideal choice for organizations seeking a future-proof,
scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in
Oslo, Norway, with presence in the US and EMEA and distribution globally.

More information:
Access the news on Oslo Bors NewsWeb site

653415_Huddly AS - Q2 2025 - Report.pdf
653415_Huddly AS - Q2 2025 - Presentation.pdf