Cyviz AS Optimistic Despite Q2 Financial Setbacks

Cyviz AS (DE:8P9) has released an update.

Cyviz AS reported a decrease in EBITDA to 2.2 million NOK for Q2 2024, attributing the decline to delayed deals, but saw a 27.1% increase in order intake indicating potential growth. Despite a 12.9% drop in turnover and a negative cash flow, the company’s CEO remains optimistic about a stronger performance in the second half of the year, backed by a strong order intake and positive trends in the American market. Cyviz also looks forward to the launch of a new platform designed to transition towards a business model with recurring revenues.

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