Q-Free: Fourth quarter and preliminary FY2022 financial results
(Trondheim, 15 February 2023) Q-Free ASA (Q-Free, OSE: QFR) reported revenues for the fourth quarter of 2022 of 305 MNOK, up from NOK 212 million in the corresponding quarter in 2021, and an EBITDA of 30 MNOK (27). The company continues the strong development in annual recurring revenues (ARR*), with a growth of 40% year-on-year, to a calculated ARR of NOK 332 million. Hence, more than 32% of revenue in 2022 was recurring. Q-Free reiterates the strong outlook and will continue to invest in an ARR business model to leverage on the opportunities when cities across the world are implementing