Annual Recurring Revenues (ARR) including long term service contracts were
Total number of users increased by 11,000 in Q4, up 50% from Q3. Revenues in the fourth quarter were
“Several new enterprise license agreements were signed in the quarter and conversion to paid users will be based upon active usage going forward. We expect these to result in higher growth in the coming quarters. Hoylu´s two largest enterprise accounts increased more than 40% in Q4 to 1,800 and 5,500 users respectively.
The sale of HoyluWalls was insignificant in the quarter, mostly due to continued Covid-19 restrictions so the revenue numbers now fully reflect our transition to a Software as a Service (SaaS) business”, said Stein Revelsby, CEO at
The full report for Q4 will be released as previously announced on
For more information, please contact:
Stein Revelsby, CEO at
About
Hoylu’s mission is to make remote work and information sharing easy. Hoylu’s Connected Workspaces™ help enterprise clients manage activities, visualize work and motivate people to perform their best by avoiding miscommunication and secure success. For more information: www.hoylu.com
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