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Huddlestock delivers strategic technology solutions and process automation for capital markets and treasury functions. Since inception it has grown to become the leading Calypso expert practice and the preferred supplier of holistic technology solutions for the Nordic financial services sector. Huddlestock is regulated by Finanstilsynet in Norway and BaFin in Germany and listed on Euronext Growth Market.
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Financial reports
2023
Q4 2023
- Presentation Q4 2023
- Press release Q4 2023
- Webcast recording Q4 2023 (English)
- Webcast recording Q4 2023 (Norwegian)
Q3 2023
- Presentation Q3 2023
- Press release Q3 2023
- Webcast recording Q3 2023 (English)
- Webcast recording Q3 2023 (Norwegian)
H1 2023
- Financial report H1 2023
- Press release H1 2023
- Webcast recording H1 2023 (English)
- Webcast recording H1 2023 (Norwegian)
- Presentation H1 2023
Q1 2023
2022
FY 2022
Q3 2022
H1 2022
Q1 2022
AGM
2023
AGM 2023
EGM 2023
2022
AGM 2022
EGM 2022
Financial calendar
Huddlestock Fintech AS publishes its results before market open through Oslo Stock Exchange’s Newsweb. Silent periods normally start 30 days before the quarterly results are published. The dates are subject to change.
Financial year 2024
- 16/05/2024 – Annual general meeting 2024
- 23/05/2024 – Q1 2024 results
- 29/08/2024 – H1 2024 results
- 21/11/2024 – Q3 2024 results
- 20/02/2025 – Q4 2024 results
Financial year 2023
- 01/06/2023 – Q1 2023 results
- 01/06/2023 – Capital markets day
- 21/06/2023 – Annual general meeting 2023
- 24/08/2023 – H1 2023 results
- 23/11/2023 – Q3 2023 results
- 22/02/2024 – Q4 2023 results
Financial year 2022
- 12/05/2022 – Q1 2022 results
- 12/05/2022 – Annual general meeting 2022
- 18/08/2022 – H1 2022 results
- 10/11/2022 – Q3 2022 results
- 23/02/2023 – Q4 2022 results
Financial year 2021
- 15/04/2021 – Q1 2021 results
- 29/04/2021 – Annual general meeting 2021
- 26/08/2021 – H1 2021 results
- 18/11/2021 – Q3 2021 results
- 10/02/2022 – Q4 2021 results
Recent press releases
Stay informed with recent news from Huddlestock. View all.
Huddlestock technology used in Stackby.me’s new fund trading app
March 22, 2024 08:00
22.3.2024 08:00:00 CET | Huddlestock Fintech AS | Non-regulatory press releases Oslo, 22 March 2024: Today Huddlestock Fintech AS (“Huddlestock”) announce that its customer Stackby.me will go live with a new…
Huddlestock to present at DNB SME Conference
March 21, 2024 08:00
21.3.2024 08:00:00 CET | Huddlestock Fintech AS | Non-regulatory press releases Oslo, 21 March 2024: Today Huddlestock Fintech AS will be presenting at the DNB SME Conference. Leif Arnold Thomas, who assumed…
Huddlestock Fintech AS (OSE: HUDL) – Huddlestock Fintech AS Q4 2023 Financial Report
February 22, 2024 08:00
22.2.2024 08:00:01 CET | Huddlestock Fintech AS | Additional regulated information required to be disclosed under the laws of a member state Huddlestock continues to deliver revenue growth, and EBITDA Q4 202…
Security numbers
ISIN
NO0010859648
LEI
89450027AK4LSOGXGY18
Trading Exchange
Oslo Stock Exchange
Euronext Growth
Tradegate Exchange
A2QJ0U
Listing ID
OSE: HUDL
Index
Euronext Growth
All Share 0.11% weight
Acquisition of Bricknode
Shareholders in Bricknode Holding AB can access an information document (in Swedish) about the transfer of operations to Huddlestock Fintech AS and the acquisition of shares here.
If you want more information or have any questions please visit bricknodeholding.com.
Q&A with Leif Arnold Thomas, CEO
This Q&A addresses questions from investors in connection with changes in management in Huddlestock Fintech in the first quarter of 2024.
Approximately half of Huddlestock’s customers are related to the Investment as a Service (IaaS) offering, while the other half is related to the Professional Services offering.
We consider most of our IaaS customers to have upselling potential, some also across our two offerings, hence we do not believe that the number of customers is an adequate KPI for assessing our performance. Therefore, we do not disclose the specific customer numbers at this time.
Our solutions prioritize scalability, accommodating the growth of small customers as they expand in transactions and Assets under Management (AuM).
To fully unleash Huddlestock’s potential, we must adapt and refine our suite of services for seamless integration into target markets, including adjustments for e.g. national tax reporting and banking connections. Once perfected in one market, onboarding additional customers becomes significantly faster, facilitating expansion.
Our Professional Services business represents both a steady and profitable segment for Huddlestock, while also enabling significant growth potential. The current services offered have the opportunity to expand geographically and penetrate new customer segments within their existing market. We are continuously working on initiatives that can increase growth within our Professional Services business area.
The majority of recurring revenues from Investment as a Service (IaaS) are driven by licenses, Assets under Management (AuM) and transaction fees. A small portion is invoiced annually, typically in the first quarter of the year. All revenue related to Professional Services (Consulting) is invoiced monthly.
Huddlestock received feedback from potential customers that the menu of our services is very attractive. Looking at all the different products within our group, we have the necessary components to fulfil customers’ requests. That said, the different products have their origin from different companies and from different geographical areas (e.g Norway vs. Sweden), implying that the engineers need time to adjust the products to make sure that the whole symphony plays well together. The focus of the last months, but also going forward, is to secure high-quality deliveries which can be showcased for other customers with similar needs.
In general, the timeline between LOIs and final agreements varies. This depends on several deal-specific factors from case to case.
We will continue to disclose LOIs as this is an important KPI showcasing our commercial progress but will strive to be clearer in our communication related to the risk in the timeline to the final agreement.
Other operating expenses reported in Q4 2023 are not an accurate representation of the cost level going forward. Nor is the figure directly comparable to Other operating expenses in Q3 2023, as several periodization effects skew this picture. However, other operating expenses for the full-year 2023 are accurate and reflects our non-personnel-related operating expenses in 2023 and hold several one-offs related to the three acquisitions in 2023.
Cost control and cost reductions are identified as key elements in our roadmap to EBITDA positive, and high on the agenda for the new management implemented in the first quarter of 2024.
Huddlestock has gained significant interest in our services, particularly with heightened communication efforts via social media, resulting in inbound requests from across Europe.
Despite EU regulations governing the fintech landscape, notable differences exist between countries, necessitating accurate handling of matters like payment methods, reporting standards, and taxation.
To ensure successful deliveries aligned with expectations, we prioritize focusing on fewer opportunities simultaneously. This strategy enables better resource allocation and showcases our capability to deliver agreed-upon products within specified timeframes.
We are currently executing on a roadmap to EBITDA positive. However, at the current point in time, we cannot and will not be specific on the timeline.
Activities both on cost and revenue are in motion, and these activities will receive greater priority in 2024. It is reasonable to believe that it takes time to see the full effect of this work.
The use of proceeds is supporting our long-term strategy, and we have gained a solid market position within investment infrastructure in Northern Europe over the past years.
We will continue to invest in R&D to maintain a strong position in our market, at the same time as we are pursuing enhanced sales activities and cost control towards our EBITDA-positive ambition.
Short- to medium term we are executing on our roadmap to EBITDA positive pursuing enhanced sales activities and cost control. Throughout this work we closely monitor our short- and medium-term financing needs. Much of our need is solved by reliable planning.
At the same time, and as communicated in the fourth quarter 2023 financial reporting, we are working to identify long-term financing partners to support our strategy, including potential non-organic initiatives.
The company has no impact on primary insiders’ financial priorities.
If primary insiders decide to buy or sell shares in Huddlestock, this will be announced through an exchange release, as governed by the disclosure requirements for listed companies.
UN Global Compact signatory
Huddlestock Fintech AS signed up to the UN’s Ten Principles on human rights, labour, environment and anti-corruption in 2021. Delivering on the (UN) Sustainable Development Goals is an integral part of Huddlestock’s corporate strategy, organizational culture and ethos.
We believe in technology as an important partner in tackling the global challenges our world faces today
Leif Arnold Thomas
CEO of Huddlestock