Huddly AS – Consolidated First quarter report 2022

Huddly is reporting solid revenue growth of 36 % in Q1 2022 compared to Q1 2021, with revenues closing at MNOK 114.1. The product offering and growth strategy yield results as hybrid office work becomes the norm. Total backlog value grew significantly, closing at MNOK 201.8 at end Q1 2022, an increase of 88 % compared to end Q4 2021.

In Q1 2022 Huddly reached 300,000 units sold worldwide since the company first started shipping in 2017.

“Huddly is well positioned to deliver additional growth in a market where employers invest heavily in high quality video solutions to accommodate a workforce working both from the office and elsewhere. We have chosen to prioritize growth to leverage Huddly’s position as innovation leader in the video conferencing market”, says Alexander Woxen, CEO of Huddly.

Huddly’s view on the strong long-term macro trend is reinforced by overall growth in demand and with increased M&A activity in the market, such as HP’s acquisition of Poly.