Preliminary figures show a positive EBITDA-result amounting to SEK 700,000 and a positive cash flow for the month of September
Preliminary figures show a positive EBITDA-result amounting to SEK 700,000 for the month of September. The continued good development of SpectrumOne together with rising revenues has led to the company generating a positive EBITDA result during September and a positive cash flow during the same month. The final figures will be reported in the upcoming q3-report on October 29 together with the numbers for July and August.
Hosni Teque-Omeirat CEO of SpectrumOne commented on the preliminary figures
“We have since the start of the transformation of this company had several milestones and ambitious goals with concrete and measurable goals, achieving cash flow positivity is one of them. Having become cash flow positive for the first time ever, we show that our efforts, hard work and strategy of connecting extremely competent people with a business model that is highly profitable create wonders. The organic growth has been the focus of management through the entire journey, and this is the result of every dedicated colleague’s engagement, passion and drive.
This is yet another important step for our future, our employees and our shareholders. A message of strength showing the way forward.”
As this is the first time the company achieves positive EBITDA results without impact from non-recurring items and positive cash flow on a monthly basis since the company was listed in 2015, the company considers it important to announce this in a separate press release. However, the company does not intend to send out monthly reports regarding similar details in the future but refers to information in future interim reports regarding financial outcomes.
For further information contact:
Hosni Teque-Omeirat
CEO
+46 70 225 18 77
[email protected]
Certified Adviser:
Aktieinvest FK AB (556072-2596)
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
[email protected]
www.aktieinvest.se
SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on October 14, 2021 at 8.50 a.m. CET.
About SpectrumOne AB
SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOne´s headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Norway, Finland, Belgium and Spain. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm.
www.spectrumone.com
