Hoylu AB: Hoylu releases preliminary revenue numbe

Enterprise Collaboration and Ideation company Hoylu today announced preliminary revenue numbers for Q2. Revenues in the second quarter were SEK 8 million up from SEK 2 million in Q1, a 300% growth from quarter to quarter.

Gross margin was 69%. Total headcount at the end of the quarter was 28.

The full report for Q2 will be released as previously announced on August 11.

For more information, please contact:

Stein Revelsby, VD Hoylu +1 213 440 2499 Email: sr@hoylu.com

Karl Wiersholm, CFO Hoylu +1 425 829 2316 Email: kw@hoylu.com

Hoylu AB

Hoylu delivers solutions for presentation, ideation and collaboration that focus on enhancing the user experience. The company's main area of interest are products designed for Creative Collaboration for the enterprise, combined with intuitive input and display technologies. This includes technologies for remote collaboration, Internet of Things and for connecting workspaces in different locations together, with the objective of simplifying work processes while improving productivity and creativity. For more information: www.hoylu.com or visit www.introduce.se/foretag/hoylu

Ticker symbol: Hoylu

Marketplace: Nasdaq First North Stockholm

Certified Adviser: Remium Nordic AB +46(0)84543200

Publication

This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (08:30) CEST on July 10, 2017.