Q-Free: Fourth quarter and preliminary FY2021 financial results
(Oslo, 15 February 2022) Q-Free ASA (OSE: QFR) reported EBITDA of NOK 27 million and EBIT of NOK 13 million on revenues of NOK 212 million in the fourth quarter of 2021. The preliminary full-year figures for 2021 ended at revenues of NOK 860 million, EBITDA of NOK 106 million, EBIT of NOK 50 NOK, and EPS of NOK 0.53. At the end of 2021 the company had a backlog of NOK 1.1 billion and annual recurring revenues of NOK 250 million. Q-Free reiterates its positive long-term outlook. “Our fourth quarter results were strong with healthy profitability, high order intake, and strong cash flow