The CEO comments on the fourth quarter:
Reporting our first quarter after the transformative acquisition of Agent Vi (consolidated as of mid-October) we close larger deals internationally. This will have a positive effect on the MRR and cash flow going forward. The EBITDA and gross margin show strongest so far. Net result has been burdened by depreciation of goodwill and intangible assets. The cash position follow plan.
The integration of Agent-Vi is progressing well. Transaction and overhead costs have been fully incurred during the quarter, henceforth a positive development in net result is expected going forward.
We are satisfied with the sales development winning ever larger contracts in
Delivering cutting edge algorithms and high-quality video analytics solutions on an ever-growing global market, we expect continued strong growth both organically and through potential strategic mergers and acquisitions.
Marcus Bäcklund
Highlights of the fourth quarter 2021:
- Net sales
SEK 35.8 million (10.4). -
Capitalized work
SEK 5.1 million (3.4). - Gross margin 83 percent (56.1).
-
Operating profit (EBITDA)
SEK 8.6 million (-1.9). -
Profit after tax
SEK -11,6 million (-5.4). -
Cash and cash equivalents at the end of the period
SEK 71.3 million (65.2). -
MRR at the end of the quarter
SEK 6.6 million (4.2) Q/Q.
The full interim report is available at www.irisity.com
For further information:
Marcus Bäcklund,
Phone: +46 771 41 11 00 Phone: +46 769 01 34 51
E-mail: marcus.backlund@irisity.com E-mail: andreas.hoye@irisity.com
This information is information that
About Irisity
At Irisity we're doing real-time video analytics powered by machine learning. Irisity is a public Swedish AI-company with headquarters at Lindholmen, Gothenburg, and offices in
Irisity's patented solution IRIS(TM) can be integrated into any new or existing camera infrastructure, installed directly into the camera, on server or in the cloud, to safeguarding people and assets. IRIS(TM) product portfolio includes solutions on asset protection, traffic management, and forensic search capabilities for a broad spectrum of industries such as safe cities, education, transportation, infrastructure, and the security industry. All IRIS(TM) functionality is available with our patented real-time anonymization, ensuring GDPR and US NDA act compliance and ethical safeguarding.
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https://news.cision.com/irisity-ab/r/irisity-ab--publ--delivers-a-fourth-quarter-with-strong-growth-and-margins-,c3509627
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https://mb.cision.com/Public/8006/3509627/a877165105bfa4f5.pdf
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