Huddly As · OSL:HDLY
Huddly As — Q1 2026 Earnings Presentation
21 slides from Huddly As's earnings presentation, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results Presented by CEO Rósa Stensen and CFO Abhijit Banik Huddly AS, Q1 2026 Huddly AS, Q1 2026
Slide 2: Key highlights Q1 2026
Key highlights Q1 2026 Revenue and Gross margin: Key financials ▪ NOK 48 million in Q1 2026 revenue, up 7 % year-over-year, driven by 108 % e enue million ross margin growth from Strategic partners ▪ 47 % gross margin in Q1 2026, an improvement from 44 % in Q4 2025 Strategic partner growth momentum:
Slide 3: Business plan priorities
Business plan priorities Strategic focus 1 2 3 Grow Strategic partner and Maintain healthy gross margin by Disciplined investments Channel revenue monetizing on AI enabled products and cost control 3 Huddly AS, Q1 2026
Slide 4: Enabling readiness for first end-customer shipments through Strategic partners in Q2
Enabling readiness for first end-customer shipments through Strategic partners in Q2 Strategic partners from start to revenue – High level phases 1 2 3 Contract negotiations and signing Enabling end-customer shipment Scaling and volume ramp up ✓ Identify bundling opportunities based on complementary
Slide 5: Lenovo x Huddly available to end customers in Q2
Lenovo x Huddly available to end customers in Q2 ▪ Lenovo was signed as a Strategic partner in January 2026 ▪ Lenovo bundles its ThinkSmart Core Gen 2 compute with Huddly’s portfolio of single camera, multi-camera, and full-room AI systems, creating a more natural and inclusive Huddly C1 Crew togeth
Slide 6: Extensive global sales and marketing activities to build a customer pipeline
Extensive global sales and marketing activities to build a customer pipeline Go-to-market in partnership with Lenovo and Microsoft 2025 Q1 2026 Q2 2026 EMEA and USA roadshows in APAC roadshow in USA and Canada roadshow main hubs throughout the year Singapore, Tokyo and Sydney Planned in Q2 2026, Hel
Slide 7: Jabra driving the "Room for More" concept, with first shipment to end customers in Q2
Jabra driving the “Room for More” concept, with first shipment to end customers in Q2 ▪ Jabra showcased the new bundles with Huddy at ISE in Feb 2026. Major marketing push under the “ oom for More” concept ▪ Large room market penetration: Huddly complements Jabra’s portfolio for large rooms, driving
Slide 8: ClickShare and Huddly unveil wireless room system bundle Certified for Microsoft Teams
ClickShare and Huddly unveil wireless room system bundle Certified for Microsoft Teams ▪ Strengthened collaboration with Barco, a global leader in wireless sharing technology in meeting rooms ▪ New wireless room system bundle developed in partnership with Huddly and Certified for Microsoft Teams in
Slide 9: Huddly Crew: First recommended multi-camera solution by Microsoft
Huddly Crew: First recommended multi-camera solution by Microsoft ▪ Microsoft Teams is the leading collaboration platform, strongly influencing how customers and partners design the meeting rooms of tomorrow ▪ Microsoft has introduced the Signature Teams Boardroom as a room design standard for high-
Slide 10: Product roadmap on track: Complete modular platform for any room scenario
Product roadmap on track: Complete modular platform for any room scenario Video: Video + Audio: Video + Audio: Video + Audio: Multi-camera solution Complete solution for small-med rooms Complete solution for small-med rooms Complete solution for all rooms 2024 2025 2026 2027 Huddly Crew Huddly C1 vi
Slide 11: Major Huddly Crew platform upgrade expands Huddly C1 into larger rooms
Major Huddly Crew platform upgrade expands Huddly C1 into larger rooms ▪ The Huddly Crew platform has received a key upgrade, enabling audio through integration with Huddly C1. The product Huddly C1 Crew launched in Q1 2026 ▪ Huddly C1 Crew further expands Huddly's product portfolio and enables audi
Slide 12: Risks: Targeted actions to offset USD depreciation and DRAM cost inflation
Risks: Targeted actions to offset USD depreciation and DRAM cost inflation Identified risks Risk mitigation ▪ Sales prices in Channel have been increased by 5-10 % from April Stronger NOK driven by higher oil 2026 for selected products to offset the USD depreciation and DRAM USD depreciation prices
Slide 13: Business case: Promising growth prospects
Business case: Promising growth prospects Investment case: Key growth drivers Growth ambitions (NOK million) 1 e enue ross margin Large and growing market with strong Attractive market fundamentals driving 16 % future yearly ~45-50% ~45% ~45-50% growth ~750-850 2 ~625-725 Positioned as the market le
Slide 14: Financials
Financials Huddly AS, Q1 2026 Huddly AS, Q1 2026
Slide 15: Continued Strategic partner revenue growth
Continued Strategic partner revenue growth Revenue development and split NOK million, % of total revenue Strategic partners Channel ▪ Sales to Strategic partners in Q1 2026 increased by 108 % compared to Q1 2025, demonstrating continued year-over-year growth ▪ Channel revenue in Q1 2026 was 24 % bel
Slide 16: Gross margin improved to 47 %
Gross margin improved to 47 % Gross margin (%) development ▪ The gross margin for Q1 2026 improved to 47 %, from 44 % in the previous quarter ~45 % target in 2026 > ▪ Q1 2026 benefited from a favourable customer and product mix, with no material one-off items impacting gross margin for the period ▪
Slide 17: Summarized P&L: Year-over-year reduction in losses
Summarized P&L: Year-over-year reduction in losses Condensed profit & loss statement NOK million hange e enue ▪ Year-over-year revenue increase driven by continued ross profit growth from Strategic partners Gross margin ▪ Operating expenses were lower year-over-year, Sublease re enue perating e pens
Slide 18: R&D investments to drive long-term growth
R&D investments to drive long-term growth Capitalized R&D cost NOK million ▪ Capitalized R&D expenses of NOK 17.9 million in Q1 2026, a small reduction compared to Q1 2025 ▪ 57 engineers, including approximately 45 with extensive expertise in AI, machine learning, and software development > ▪ Previo
Slide 19: Q1 2026 cash flow
Q1 2026 cash flow Cash flow NOK million ▪ Operational cash flow was NOK -1 million in Q1 2026, compared to NOK -20 million in Q1 2025. The improvement was mainly driven by reduced losses and working capital adjustments ▪ NOK 75 million in gross proceeds was raised through a successful private placem
Slide 20: Q&A
Q&A CEO, Rósa Stensen CFO, Abhijit Banik Chair of the Board, Jon Øyvind Eriksen Huddly AS, Q1 2026 Huddly AS, Q1 2026
Slide 21: Huddly AS, Q1 2026
Huddly AS, Q1 2026