(
Q2 was a quarter of strategic resilience for Spotlio. Despite the revenue challenges, same store sales witnessed an uptick in both SaaS subscriptions and transactional revenues, indicating underlying strength in the core business. Spotlio reported improvements in its gross profit margin and EBITDA, reflecting its adeptness in navigating market fluctuations and maintaining a steadfast focus on its long-term vision. "These achievements are a clear indicator of Spotlio's unwavering commitment to operational excellence and strategic growth," said
Spotlio is poised for continued expansion, particularly in its Parks & Attractions segment. "We are excited to announce a new partnership and customer engagements that we've secured in this period," Erlandson noted. "As we approach the winter season, we are particularly optimistic about the strong start for our mountain resort suite offerings across the US and
The company's strategic initiatives, including cost rationalization and operational efficiencies, have contributed to a lower cash burn rate. This financial discipline, combined with the positive momentum in key business areas, is expected to pave the way for Spotlio to achieve profitability in FY24. "Our focus on sustainable, long-term growth is stronger than ever, and we are confident in our strategic direction as we move forward," Erlandson concluded.
Spotlio will today host a company presentation at
Event: Presentation of Spotlio second quarter FY24 financial results,
Time:
Presenters:
Streaming details:https://channel.royalcast.com/landingpage/spotlio/20231207_1/
The presentation will be held in English and will be followed by a Q&A session.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Christian Erlandson , CEO, +44 7795953849, christian.erlandson@spotlio.com- Ida Bolsønes, Interim CFO, +47 95922466, ida.bolsones@spotlio.com
About Spotlio AS
Spotlio AS is a trailblazing force in destination digital technology, offering tailor-made solutions - from apps to e-commerce, and almost everything in between - that redefine the way consumers interact with resorts, parks, and attractions. With a decade-long legacy of excellence, Spotlio empowers clients with innovative white label digital solutions and pricing services, fostering connections and enhancing experiences on a global scale.
Attachments
- Q2 FY24 Earnings Presentation.pdf
© NTB Norway, source