The CEO comments on the third quarter:
Net sales during the period amounted to
We report the last quarter before the acquisition of Agent Vi with a strong sales development within all customer segments. Net sales increased by 146 percent and monthly recurring revenue (MRR) by 40 percent on a quarterly basis. Gross margin, EBITDA and cash position are following plan during our strong growth phase.
The roll-out pace together with our partners, including security- and camera companies, has significantly increased and is expected to further accelerate in the coming periods.
Delivering cutting edge algorithms on an ever-growing market, we continue building our capacity within all business functions. In addition to the elderly care and railway segments, both of which have been well received in the market, we also target several new customer verticals.
On
Marcus Bäcklund
Summary of the third quarter 2021:
- Net sales
SEK 17.2 million (7.0). -
Capitalized work
SEK 3.5 million (2.5). - Gross margin 59.1 percent (48.4).
-
Operating profit (EBITDA)
SEK 1.1 million (-3.2). -
Profit after tax
SEK -2.4 million (-6.5). -
Cash and cash equivalents at the end of the period
SEK 163.4 million (25.8). -
MRR at the end of the quarter
SEK 4.2 million (3.0) Q/Q.
The company's calendar for 2022 is stated in the quarterly report which 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
This disclosure contains information that
About Irisity
Irisity is a leading provider of AI-powered video analytics solutions. We develop deep learning-based algorithms upgrading security cameras into intelligent detection devices, while safeguarding personal integrity.
Irisity's patented solution IRIS™ 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™ detects a wide range of unwanted behaviors and events including, intrusions, flames, violence, falls, loitering, unattended objects, wrong directional movement, breaches of social distancing regulations, as well as unusual situations. IRIS™ 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™ functionality is available with our patented real-time anonymization, ensuring GDPR and US NDA act compliance and ethical safeguarding.
Irisity currently serve customers in more than 90 countries and has offices in
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