Financial Statements Bulletin January – December 2020
Interim report for the fourth quarter of 2020 Fourth quarter highlights (iLOQ Oy consolidated, FAS) ·Revenues increased by 30% to MEUR 28.4 (21.8) in Q4 · Gross margin improved to 58% (57%) in Q4 · Adjusted EBITDA increased by 30% to MEUR 7.5 (5.8) in Q4 · Operational cash flow increased to MEUR 6.4 (3.1) in Q4 Significant events during the quarter ·Long-term framework agreement signed with Cellnex Telecom · First subsidiary opened outside of Europe in Canada to target the critical infrastructure segment · Actions in place to protect employee