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Huddly (HDLY) investor relations material
Huddly Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue reached NOK 45 million, up 75% year-over-year, with NOK 147 million year-to-date, reflecting 50% annual growth.
Gross margin for Q3 2025 was 45%, up from 43% in Q2, and 47% year-to-date, within the 45%-50% business plan range.
Strategic partner revenue drove growth, highlighted by a new partnership with Jabra and continued expansion with Shure and Barco, as well as the launch of the AI-driven Huddly C1 videobar.
Huddly C1 videobar began shipping, with major customer adoption including British Telecom, and Crew product enhancements were announced.
Market uncertainty, especially in North America, is impacting channel business due to factors like government shutdowns and delayed federal budgets, but Asia-Pacific opportunities are being pursued.
Financial highlights
Q3 2025 revenue: NOK 45.1 million (75% YoY growth); YTD: NOK 147.1 million (50% YoY growth).
Q3 2025 gross profit: NOK 20.5 million (up 97% YoY); YTD gross profit: NOK 68.5 million (up 65% YoY).
Operating expenses reduced by 12% YoY in Q3 2025, supporting improved operational efficiency.
EBITDA loss narrowed to NOK 16.0 million in Q3 2025 from NOK 31.1 million YoY.
Cash and cash equivalents at quarter-end: NOK 84.9 million, up NOK 33.1 million from Q2 2025.
Outlook and guidance
Growth momentum expected to continue with new and existing strategic partners and additional partnerships in the pipeline, especially in Asia-Pacific.
Board maintains no plans for further capital raises, expecting to reach cash flow positive in 2026.
Market uncertainty in North America may continue to impact short-term results, but long-term outlook remains positive, supported by hybrid collaboration trends.
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Frequently asked questions
Huddly AS is a technology company that focuses on developing tools for team collaboration, with a primary emphasis on intelligent camera systems. The company's product line includes AI-powered cameras such as the Huddly S1, L1, IQ, and GO, which are designed to enhance video conferencing experiences across platforms like Microsoft Teams, Zoom, and Google Meet. Huddly also offers multi-camera systems like the Huddly Crew, along with whiteboard cameras and various accessories, including USB and extension cables. Their products combine software, hardware, and artificial intelligence to enable high-quality, inclusive video communication solutions for meeting rooms, home offices, and desktop setups. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
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