Q-Free: Third quarter 2021 financial results
(Oslo, 28 October 2021) Q-Free ASA (OSE: QFR) reported EBITDA of NOK 31 million and EBIT of NOK 18 million on revenues of NOK 204 million in the third quarter of 2021. At the end of the quarter the company had a backlog of NOK 1.1 billion and annual recurring revenues of NOK 245 million. Q-Free reiterates its positive short- and long-term outlook. “The performance in the third quarter was solid with 4 percent organic revenue growth despite supply chain constraints, robust profitability with significantly improved earnings per share, and strong cash flow from operations.” says Håkon