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loudspring Loudspring Oyj : Q1 2021 Summary Loudspring Oyj Company release 22nd April 2021 at 9:00 ( EEST ) Please note that this report is not a fully comprehensive report of all events , nor is it in any way a financial performance report . It is only a summary of the main events that have affected us and our portfolio during the quarter and before the date of this report where separately indicated below . In the quarterly report we will not comment on every portfolio company but focus on our core holdings . To get a comprehensive overview of individual portfolio companies ' businesses one should review additional documents such as the company description and the supplement to the company description that were published in 2016 , as well as the latest annual and semi - annual reports . These documents are available at loudspring.earth . Loudspring Q1 summary As the pandemic continues , our portfolio companies have focused on continuing executing their business plans while adapting to the circumstances . Eagle Filters experienced strong growth during Q1 2021. ResQ Club continued to grow . Nuuka Solutions MRR grew slightly . Sofi Filtration's revenue remained low during the period . Eagle Filters is currently experiencing strong growth . As accelerating growth requires an increased amount of working capital and the respirator business has consumed more capital than anticipated , the company requires additional funding . Loudspring plans to secure required funding through debt / equity funding and / or exit proceeds . Loudspring has renegotiated the repayment schedules of the Nefco and Nordea loans to be postponed by 12 and 14 months , respectively . Key portfolio developments during Q1 Eagle Filters • Revenue and won bids for 2021 were EUR 2,95 million at the time of this report , exceeding full year 2020 revenue • Started in - house production of industrial products