huddly presentation q4 2018 final k · 2019. 2. 19. · crestron b100. google hangouts meet...
TRANSCRIPT
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• IQ shipping• Design• Bundles• R&D• Sales• Financials
Agenda
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IQ shipping
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IQ in volume production
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Design
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iF and DOGA design awards
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GeniusFraming
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App
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Colours
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Brand
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Bundles
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On the go
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On the go
$ 849
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Room
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Room
$ 882
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Room /with bracket
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Room /with bracket
$ 949
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R&D
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Full focus on AI
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https://developer.huddly.com/
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Sales
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Zoomtopia
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Crestron Mercury
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Crestron B100
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Google Hangouts Meet hardware Kit
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• Record Q invoiced revenue in Q4 2018• Successful EFT with IQ camera• Solid traction with Google• Successful launches with Crestron
Sales
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Financials
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• Invoiced approximately 32 500 cameras in 2018 - in line with base-to-mid forecast of April 2018
• FY 2018 revenue of 77 MNOK• Continued improvement in gross margin• Reporting according to IFRS
Financials 2018 (Unaudited)
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Financials – Profit and loss 2018 (unaudited)
• Figures are reported in functional currency NOK• All lines are accounted for according to IFRS• Q4 2018 Operational expenditures includes year-end adjustments according to IFRS, for
example warrants and product warranty accruals, and does not accurately represent quarterly run rate
Consolidated Profit & loss statement (unaudited)Thousands NOK Q4 2018 2018 2017
Revenue 31,231 76,931 15,764
Cost of goods sold (19,304) (50,717) 16,933
Gross margin 11,926 26,214 (1,169)
Operational expenditures (23,120) (64,162) (40,550)
EBITDA (11,194) (37,948) (41,719)
Depreciation and Amortization (5,232) (22,844) (7,758)
EBIT (16,426) (60,792) (49,477)
Net Finance 1,768 81
Tax expenses - -
Comprehensive income (59,023) (49,396)
Gross margin % 38% 34%
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Financials – Balance sheet 2018 (unaudited)Consolidated Balance sheet (unaudited)
Thousands NOK 2018 2017ASSETSIntangible assets 63,271 26,317 Tangible assets 2,686 1,447 Total non-current assets 65,958 27,764 Inventory 4,068 4,125 Trade receivables 19,975 5,261 Other receivables 13,993 12,428 Bank deposits 51,252 126,726 Total current assets 89,288 148,540
Total assets 155,246 176,304
EQUITY AND LIABILITIESTotal Equity 107,196 154,505 Total non-current liabilities 2,864 2,728 Trade payables 28,469 8,822 Other current liabilities 16,717 10,248 Total current liabilities 45,186 19,070
Total Equity and liabilities 155,246 176,304
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• Revenue of 150 MNOK to 250 MNOK• Increase in gross margin percentage
Financials – Outlook 2019
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