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Annual report confirms significant growth for Hypefactors

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Hypefactors A/S
·5-min read
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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.


Income Statement

DKK

2020

2019

Revenue

4.234.030

1.950.188

Work on own account recognised in assets

3.732.325

4.348.947

Expenses for raw materials and consumables

-2.417.113

-2.334.876

Other external expenses

-2.421.158

-4.139.669

Gross profit/loss

3.128.084

-175.410

Staff expenses

-6.986.366

-11.240.547

Earnings before depreciation

-3.858.282

-11.415.957


Depreciation, amortisation and impairment of intangible assets and property, plant and equipment

-3.850.254

-3.098.325

Profit/loss before financial income and expenses

-7.708.536

-14.514.282

Financial income

3.372

27.570

Financial expenses

-2.346.427

-226.375

Profit/loss before tax

-10.051.591

-14.713.087

Tax on profit/loss for the year

776.423

956.768

Net profit/loss for the year

-9.275.168

-13.756.319

Balance sheet, 31 December

DKK

2020

2019

Assets

Development projects in progress

11.852.513

11.954.076

Intangible assets

11.852.513

11.954.076

Other fixtures and fittings, tools and equipment

93.248

73.409

Property, plant and equipment

93.248

73.409

Deposits

233.940

229.854

Fixed asset investments

233.940

229.854


Fixed assets

12.179.701

12.257.339

Trade receivables

896.440

512.153

Other receivables

67.862

334.983

Corporation tax receivable from group enterprises

847.056

956.768

Prepayments

37.149

244.711

Receivables

1.848.507

2.048.615


Cash at bank and in hand

189.756

443


Currents assets

2.038.263

2.049.058

Assets

14.217.964

14.306.397


DKK

2020

2019

Liabilities and equity

Share capital

866.884

866.884

Reserve for development costs

11.165.821

11.267.384

Retained earnings

-14.296.220

-5.122.615

Equity

-2.263.515

7.011.653


Other payables

296.748

107.649

Long-term debt

296.748

107.649


Credit institutions

4.000.000

4.825

Trade payables

3.491.394

2.803.179

Payables to group enterprises

885.750

830.280

Other payables

4.297.830

1.714.632

Deferred income

3.509.757

1.834.179

Short-term debt

16.184.731

7.187.095

Debt

16.481.479

7.294.744

Liabilities and equity

14.217.964

14.306.397

Capital resources

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.


Outlook

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.


Publication

The annual report for 2020 can be downloaded at www.hypefactors.com/investor.


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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: cj@hypefactors.com

Pierre André Montjovet, Chairman of the Board: Tlf: +41 (0)78 922 33 0, e-mail: p.montjovet@heritage.ch


Hypefactors A/S

Kronprinsessegade 8B
1306 Copenhagen K
Denmark
www.hypefactors.com


Certified Adviser
Kapital Partner ApS
Jernbanegade 4
1608 København V
www.kapitalpartner.dk

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