HIDDN: Financial results for the first quarter of 2019

Booking.com

(Oslo, 15 May 2019) Hiddn Solutions ASA (Hiddn, OSE: HIDDN) reported total revenues of NOK 3.7 million in the first quarter 2019, down from NOK 5.5 million in the corresponding quarter of 2018. The operating revenue in the first quarter of 2019 is primarily due to longer than expected lead times on critical components, including delays due to Chinese New Year and consequently deferred production start-up of new product line. Loss before tax was NOK 8.9 million compared to a loss before tax of NOK 11.5 million in first quarter of 2018. The company has now met the criteria for capitalization

Source: HIDDN: Financial results for the first quarter of 2019

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