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Huddly (HDLY) investor relations material
Huddly Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary21 Aug, 2025
Executive summary
Achieved third consecutive quarter of year-over-year revenue growth, with Q2 2025 revenue up 45% to NOK 57 million, driven by both Channel and Strategic Partner segments.
Gross margin reported at 43% in Q2 2025 (45% excluding one-off items), with strong momentum in both channel and strategic partner revenue.
Strategic partnerships expanded, including a memorandum of understanding with Barco and continued growth with Shure; new partnerships in final negotiations.
Huddly Crew and C1 products gaining market traction, with C1 on track for first customer shipment in September.
Revenue guidance for 2025 adjusted to NOK 240–280 million, with cash flow positivity targeted for 2026.
Financial highlights
Q2 2025 revenue increased 45% year-over-year to NOK 57 million and 25% sequentially from Q1.
Gross margin for Q2 was 43% (45% excluding one-offs); H1 2025 gross margin at 47%.
EBITDA loss narrowed to NOK -11 million in Q2 2025 from NOK -34.2 million in Q2 2024.
Operating expenses decreased 28% year-over-year in Q2 2025 due to cost-saving initiatives.
Operational cash flow improved to minus 18 in Q2 2025; cash balance at quarter end was NOK 52 million.
Outlook and guidance
Revenue guidance for 2025 revised to NOK 240–280 million; gross margin target for 2026–2027 set at 45–50%.
Ambition to achieve cash flow positivity in 2026 and healthy cash generation from 2027.
Continued investments in R&D, onboarding new partners, and expanding channel sales planned.
Ongoing product launches and strategic partnerships expected to drive medium-term growth.
Market for hybrid collaboration remains robust, with significant untapped potential as only 10–15% of meeting rooms are video-enabled.
What is the expected demand elasticity for US sales?
Detail the strategic partner revenue deferment
How does C1 enabling Crew software enhance value?
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Q3 20256 Nov, 2025
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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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