Oslo ,24 September 2020 :ayfie Group AS has today released its interim financial report for the first half of 2020. Report highlights: o H1 2020 revenue of MNOK 19.9, hereof 83% recurring revenue o H1 2020 net loss of MNOK 33. Product development costs of MNOK 13.4 recognized as operational expenses. There were no capitalization of R&D costs o Monthly cost base cut by MNOK 4.6 (44%) during H1 2020, from MNOK 10.5 inJanuary 2020 to MNOK 5.9 inJune 2020 o MNOK 102.8 debt-to-equity conversion June-August 2020 o MNOK 50 private placement30 June 2020 o Admittance to trading onOslo Stock Exchange's Merkur Market 7 July 2020 o Acquisition of Haive AS11 September 2020 The full report is enclosed. For further information contact: CFO Siw Ødegaard Mobile: +47 95 75 98 48, Mail: siw.odegaard@ayfie.com
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