Interim Repot January – September 2020
Interim report for the third quarter of 2020 Third quarter highlights (iLOQ Oy consolidated) ·Revenues increased by 38% to MEUR 16.4 (11.9) · The Q3 gross margin remained flat at 56% (56%) · Adjusted EBITDA increased by 155% to MEUR 3.5 (1.4) · Operational Cash flow increased to MEUR 0.3 (-1.7) Significant events during the quarter · Actions in place to protect employee safety · Actions to mitigate possible supply chain disruptions from COVID-19 continued successfully · Despite COVID-19, the company continued to execute and invest in its long-term