HIDDN: Financial results for the third quarter of 2018
Strong cost control and gross margins close to 40% reduces EBIT loss and cash burn rate (Oslo, 16 November 2018) Hiddn Solutions ASA (Hiddn, OSE: HIDDN) recorded revenues of NOK 3.4 million in the third quarter of 2018 (Q3 2017: NOK 4.3 million) and reduced the operating loss to NOK 10.4 million (Q3 2017: NOK 13.4 million). Hiddn continues to expand the product offering and distribution capabilities in Europe and US/Canada as the company is preparing for increased sales and volume production in 2019. “Hiddn continued to expand the product offering, improving production capabilities