Q-FREE: Strong third quarter 2020 results
In the third quarter of 2020 Q-Free reported solid profitability, strong cash flow from operations, and a significant increase in order intake and order backlog. An attractive revenue mix and reduced costs were the main drivers behind the strong result. -We are very pleased with the performance in the third quarter. Despite several challenges caused by the Covid-19 pandemic, profitability in Q3-20 was high, our cash reserves increased, and multiple large contracts were won and signed. Q-Free currently has a strong market momentum and the outlook for the coming months is positive,