Q1 2021 Zaptec ASA Earnings Call Transcript
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Hello, everybody. Welcome to the quarter one presentation from Zaptec. We are two persons presenting today, myself, Anders Thingbø. I'm the CEO of Zaptec.
And my name is Kurt Ãstrem. I am the CFO.
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So we will spend about 30 minutes going through first the highlights, the financial highlights and then the operational and market update and talk through these highlights, and end with a Q&A session. So let's just jump into it. The financial highlights for the first quarter. The organic revenue growth was 36 -- 63%, like we announced earlier.
The export share has a significant increase in this quarter. The cash balance is strong with a total liquidity of NOK241 million. The gross margin is a little bit below the expectation and the ambition of the company. So it was 33%, and Kurt will talk you through that in just a minute.
The operating expenses as
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