Cyviz AS reported order intake of NOK 126.2 million in Q2, up 27% from Q1. The market conditions in the Middle East have improved since the first quarter. The order backlog was NOK 402.2 million at the end of Q2, up 43% year-on-year.
Revenues came in at NOK 83.7 million in Q2 2026, compared to NOK 129.3 million in the same quarter last year. EBITDA was NOK -14.5 million, compared to NOK -2.6 million in Q2 2025. The quarter was impacted by lower order intake in Q1 and delayed start-up of several larger signed projects, particularly within the defense vertical.
Annual recurring revenue (ARR) increased to NOK 76.8 million, up 59% year-on-year, reflecting continued progress in building a more predictable revenue base through software, services and support agreements.
“Q2 reflects a mixed quarter for Cyviz, with revenue and EBITDA below our expectations. At the same time, order intake improved during the quarter, our backlog remains solid, and we continue to see strong underlying demand in our core markets,” says Espen Gylvik, CEO of Cyviz.
Cyviz continues to execute on its strategy to build a more scalable and predictable business model through software, platform-led growth and services.
The Cyviz Software Platform, launched in April 2026, has seen strong adoption from both customers and partners and remains a key strategic priority. Since launch, the number of dedicated platform partners has doubled to 70, strengthening global sales execution and deployment capabilities.
“We remain optimistic about the opportunities ahead. While timing of individual project awards may continue to vary, the long-term market drivers remain supportive, particularly within defense, energy and mission-critical collaboration environments. Our focus is on disciplined execution, in addition to scaling through partners and strengthening the quality and predictability of our revenues over time,” Gylvik says.
Cyviz continues to maintain a disciplined approach to operating expenses, focusing on operational efficiency while preserving capacity to support its key strategic initiatives.
Link to landing page LIVE and recording: https://qcnl.tv/p/doQhW-IZIU_4RQZJm4KIBA
The report, presentation, and link to the recorded webcast will also be made available at: https://www.cyviz.com/investor-relations/
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
About Cyviz
Cyviz is a global technology provider for comprehensive conference and control rooms as well as command and experience centers. Since 1998, we have created next level collaboration spaces, assuring inclusive meeting experiences for in person and remote attendance.
Cyviz serves global enterprises and governments with the highest requirements for usability, security, decision making and quality. The cross-platform experience Cyviz delivers to manage and control systems and resources across the enterprise, makes Cyviz the preferred choice for customers with complex needs.
Find out more on www.cyviz.com or visit one of our Cyviz Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo, Paris, Riyadh, Singapore, Stavanger, or Washington DC.
Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).