Announcement (Selskabsmeddelelse) no. 6-2021
Copenhagen, Denmark, April 16, 2021 (GLOBE NEWSWIRE) -- The board of directors of the media tech company Hypefactors has today approved the revised annual report for 2020. Key figures from the report are:
Revenue: 117% improvement
EBITDA: 196% improvement
The annual report confirms that 2020 was the best year for Hypefactors so far, despite the unexpected and challenging covid-19 situation. At the same time, the company continued to invest in the ambitious development of the company's software platform, which i.a. provides users with better and more data-driven national and international media intelligence and media reputation management.
The revised revenue for the period amounted to DKK 4.234m*, compared to DKK 1.950m in 2019, corresponding to an increase of 117%. Earnings before interest, tax, depreciation, and amortization (EBTIDA) amounted to a negative of DKK 3.858m compared to 2019 which showed a negative EBTIDA of DKK 11.416m. An improvement of 196%.
ARR: Hypefactors reached an annual recurring revenue (ARR) of DKK 4.910m as of December 31, 2020, (2019: 2.760m) which is an increase over the last twelve months of 78%.
CEO Casper Janns comments:
"2020 was an exciting year for Hypefactors, where significant positive steps ahead were taken. Our AI-based technology continues to develop and improve and is on several important dimensions unmatched by any other solution in the world. The solid commercial progress and the increasing demand for an easier, more data-driven, and measurable approach to media intelligence and reputation management, makes us enthusiastic and positive about our ability to unleash the substantial international market potential."
*This is a correction to the expected non-revised revenue of DKK 4.380m DKK mentioned in company announcement no. 5.
Work on own account recognised in assets
Expenses for raw materials and consumables
Other external expenses
Earnings before depreciation
Profit/loss before financial income and expenses
Profit/loss before tax
Tax on profit/loss for the year
Net profit/loss for the year
Balance sheet, 31 December
Development projects in progress
Other fixtures and fittings, tools and equipment
Property, plant and equipment
Fixed asset investments
Corporation tax receivable from group enterprises
Liabilities and equity
Reserve for development costs
Payables to group enterprises
Liabilities and equity
The company’s capital base is strengthened after the balance sheet date. The majority of an existing loan is converted into shares through a capital increase, reducing debt, and strengthening the equity. Furthermore, to support the growth of the business, a group of investors committed to a private placement (capital increase) in combination with a commitment from Vaekstfonden (Danish state’s investment fund) to issue an ‘Investor Loan’ on attractive conditions. These events after the balance sheet date have a significant positive impact.
The demand for comprehensive media intelligence tech solutions is expected to continue to grow. Current turbulence and uncertainties surrounding the covid-19 related changes in macro-and microeconomic matters, make it difficult to release outlook scenarios with a high degree of certainty. The long-term market potential is expected not to be affected. The company is experiencing substantial interest in the market to access a media intelligence solution that is better, cheaper, or both compared to traditional press clippings solutions. The ambition for the current financial year is to continue to accelerate the business and to deliver a cash flow positive net result, understood as invoiced revenue exceeding operating costs.
The annual report for 2020 can be downloaded at www.hypefactors.com/investor.
About Hypefactors A/S
Hypefactors is an integrated AI-powered Earned Media tech platform to support better media intelligence and reputation management. Hypefactors combine data, analytics, technology, and tools to provide a unified and easy-to-use experience. With all the tools to automate and ease the work, and all the facts to document the results. In addition to media monitoring across the different media channels, the platform provides access to a number of facts, incl. automated documentation of the monetary value and quality assessment of each third-party media mention. The platform also contains other time-saving tools such as automatically-generated media reports and a mobile app giving access to real-time media mentions. The company is listed at Nasdaq Growth Market in Copenhagen, Denmark.
For more information, please contact:
Casper Janns, CEO: Tlf.: +45 20167481, e-mail: email@example.com
Pierre André Montjovet, Chairman of the Board: Tlf: +41 (0)78 922 33 0, e-mail: firstname.lastname@example.org
1306 Copenhagen K
Kapital Partner ApS
1608 København V