Q-Free: First quarter 2023 financial results
(Trondheim, 27 April 2023) Q-Free ASA (Q-Free, OSE: QFR) reported revenues for the first quarter of 2023 of NOK 244 million, up from NOK 216 million in the corresponding quarter in 2022, and an EBITDA of NOK 12 million. The company continues the strong development in annual recurring revenues (ARR*), with a growth of 29% year-on-year, to a calculated ARR of NOK 361 million. 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 accelerated sustainability measures. “Using