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 in
January 2020 to MNOK 5.9 in June 2020
o MNOK 102.8 debt-to-equity conversion June-August 2020
o MNOK 50 private placement 30 June 2020 
o Admittance to trading on Oslo Stock Exchange's Merkur Market 7 July 2020
o Acquisition of Haive AS 11 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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© Oslo Bors ASA, source Oslo Stock Exchange