Nixu corrects its Half-Year Financial Report for January 1–June 30, 2020. The company has noticed a need to adjust the timing of recognition of certain technology resale client agreements of the Denmark market area. The adjusted revenue is recognized in later reporting periods. This change has no effect on the company’s cash flows.
For January 1–June 30, 2020 Nixu Group’s revenue was EUR 27,655 thousand (previously reported: EUR 29,218 thousand). For January 1–June 30, 2020 Nixu’s EBITDA was EUR 59 thousand (previously reported: EUR 147 thousand).
The tables affected by the correction are attached to this release and available on the company's website.
CEO Petri Kairinen, Nixu Corporation
Telephone: +358 40 832 1832, e-mail: firstname.lastname@example.org
Nixu in Brief:
Nixu is a cybersecurity services company on a mission to keep the digital society running. Our passion is to help organizations embrace digitalization securely. Partnering with our clients we provide practical solutions for ensuring business continuity, an easy access to digital services and data protection. We aim to provide the best workplace to our team of over 400 cybersecurity professionals with a hands-on attitude. With Nordic roots we serve enterprise clients worldwide. Nixu shares are listed on the Nasdaq Helsinki stock exchange.