Techstep ASA: Q2 and H1 2020 results
Highlights Q2 2020 · Operational progress and stronger results in an extraordinary market environment · Revenue was NOK 238 million, down from NOK 270 million last year · Gross profit was NOK 78 million, up from NOK 69 million last year · EBITDA adjusted was NOK 17 million, up from NOK 6 million last year · Annual recurring revenue (ARR) of NOK 37 million from 210,000 end-users at the end of the quarter · Signed three new contracts with an estimated value of NOK 27 million for Techstep’s software-based managed mobility service Flow · Soft launch of Flow in Sweden late