15.6.2022 07:00:00 CEST | Canopy Holdings AS | Additional regulated information required to be disclosed under the laws of a member state
(Oslo, 15 June 2022) Canopy Holdings AS (Canopy Holdings, Euronext Growth Oslo:CAN) reported revenues of NOK 28.6 million in the financial fourth quarter of financial year 2021/22, ending 30 April 2022. This compares to NOK 20.9 million in the corresponding period last financial year. The company reported a cash position of NOK 77.1 million as per 20 April 2022. The company had EUR 7.9 million in annual recurring revenues at the end of May 2022 representing an increase of 28% compared to 12 months ago. With a net increase of 29 resorts during the last 12 months, the company had 238 resort customers as per end of May 2022.
“We continue to grow our annual recurring revenues, with a year-over-year growth of 28% to EUR 7.9 million. The development is primarily driven by the performance of Catalate and its solution for dynamic pricing for high-volume ticketing businesses. We continue to target the massive total addressable market for Catalate and expect continued growth going forward,” says Ivar Blekastad, CFO and interim CEO of Canopy Holdings.
The company reported revenues of NOK 28.6 million in the quarter ending 30 April 2021/22 (NOK 20.9 million) with an EBITDA of NOK -14.9 million (NOK -12.8m). The reported profit before tax of NOK -80.4 million (NOK -27.0 million) was significantly impacted by the non-cash impairment of intangible assets related to Skitude Technologies SA of NOK 53 million and the discontinuation of the Skioo business.
“Although we see significant potential in growing the revenues and generating positive cash flows in the future for Skitude Technologies, it was deemed prudent to significantly reduce the value of the intangible assets related to this former entity in the balance sheet,” Blekastad continues.
The company had a cash position of NOK 77.1 million at the end of the period.
Canopy Holdings will today host a company presentation at 08:00 CET.
Event: Presentation of Canopy Holdings fourth quarter 2021/2022 financial results, 1 February 2022 to 30 April 2022
Time: 08:00 – 08:30 CET
Presenter: Ivar Blekastad, CFO
https://teams.microsoft.com/l/meetup-join/19%3ameeting_NTQ4ZDJhZGQtYWE2Mi00YzE4LWI1N2MtZmVjYTA0ZDY2NzFi%40thread.v2/0?context=%7b%22Tid%22%3a%22d02701f9-3b23-4b3f-8fce-29ed54632bf8%22%2c%22Oid%22%3a%228d8ce71d-d2f8-421f-bbc2-46dfc620272b%22%2c%22IsBroadcastMeeting%22%3atrue%7d&btype=a&role=a
The presentation will be held in English and will be followed by a Q&A session.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Ivar Blekastad, CFO, +47 48 26 36 70, ivar@canopy.holdings
About Canopy Holdings AS
Canopy Holdings AS is a multi-national technology company listed on Euronext Growth Oslo. The company owns a leading portfolio of brands and companies that provides digitalization solutions to resorts, destinations, parks and attractions in key markets. Canopy Holdings AS currently consists of Catalate, Liftopia.com, Skioo, Skitude and Spotlio.
Attachments
Canopy 2021_22 Q4 presentation.pdf
