Q2 2024 Huddly AS Earnings Call Transcript
Welcome to Huddly's second quarter presentation 2024. My name is Rosa Stensen, and I am the newly appointed CEO of Huddly. Today, I've with me our CFO, Abhi Banik, and we are sending this video using our own technology Huddly Crew from our offices herein so.
To start with the highlights. For Q2 results were revenue of NOK39 million with gross margin of 39%, and we will come back to that later in this presentation.
Sales to channels increased by 27% compared to the first quarter of the year and by 2% here year on year. It had a successful establishment of our New York sales hub, increasing channel revenue in Americas by 25% year on year. We plan to scale that model further Austin, Texas in the second half of this year.
We are also proud to inform that a US patent has been granted for Huddly Crew as an autonomous video conferencing system with virtual director assistance. Our cash balance and June 30, this year, NOK105 million. To support long-term growth for Huddly, we continue to keep focus on the following areas.
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