Q-Free: First quarter 2022 financial results
(Oslo, 29 April 2022) Q-Free ASA (Q-Free, OSE: QFR) reported revenues of NOK 216 million in the first quarter of 2022, up from NOK 191 million in the same quarter in 2020, an adjusted EBITDA of NOK 16 million (13) and annualized recurring revenues of NOK 280 million. Based on an order intake of NOK 507 million in the quarter, a backlog of NOK 1.4 billion and favorable macro trends related to efficient, safe, and sustainable transportation, the company reiterates its positive outlook. “The solid performance in the seasonally weak first quarter demonstrates the robustness of Q-Free’s