Third quarter

  • Net sales amounted to SEK 3.9 (14.0*) million
  • EBITDA amounted to SEK -2.2 (-0.9) million
  • EBIT amounted to SEK -18.0** (-7.1) million
  • EBT amounted to SEK -18.8 (-7.8) million

Significant events after the reporting period

  • Cloud Explorers Solutions AS, a Norwegian subsidiary of SpectrumOne AB, announces the signing of a formal Partnership Agreement with Tietoevry

*including revenues from the now divested companies, Ådata Infosystems, Ampilio AB and the Trigger Company AB
**including share of earnings from our associated company EniroGroup AB.

CEO STATEMENT

Dear shareholders,

Our main priority has been to close the partner agreement with Tietoevry, announced on October 16. As you all know this agreement and partnership has been long underway, due to the need to both deliver a comprehensive POC demonstrating our ability to solve actual customer requirements. Along with an extremely thorough compliance audit involving all of our processes, documentation and operations confirming and validating as a serious and professional actor. I am truly proud of the entire team that has contributed to this win.

This achievement is significant representing an important milestone for our organization. Expanding the horizons for the scale and class of future partnerships we are now able to pursue.

Together with Tietoevry we now have the PRISM platform fully deployed in their managed secure hosting environment and are concluding several rounds of solution training for both sales and operations personnel. In addition to internal use PRISM is already being introduced to their broad customer base, I am thrilled that several customer meetings already have taken place. Initial focus will be the Nordic market starting in Norway however we already are exploring via a POC opportunities in Sweden. As the partnership with Tietoevry is global in its nature, we are positive and excited to see how the partnership will develop and expand as we move forward now and onwards into 2024.

Our decision to base our value proposition around PRISM continues to receive confirmation, we acknowledge that choosing large international partners, requires comprehensive POC activities and thorough compliance audits and activities. These require and result in extended periods of silence in order to perform these activities before we are able to confirm, conclude and announce successful partnerships. I really do appreciate your patience and it can be frustrating not being able to provide details of these processes before they are complete and our partners approve any announcements. I am confident now that with our existing partnership with Dun & Bradstreet along with the newly added partnership with Tietoevry, we are well on our way to making Prism an established product in the Nordic market. To further strengthen this achievement our main focus this and the coming quarter from a development perspective has been on PRISM mainly around scaling of management related to adding hundreds of users, organizations and datasets easily and quickly. Features I feel are very positive indications of the future developments for PRISM. In the last report I announced our efforts to pilot the first version of a ChatGPT / AI component into the platform. I am therefore happy to share that PRISM AI is now integrated into the PRISM Platform.

As regards QbiM we proceed our good performance on our consultancy business. Means have been taken to strengthen sales and our current focus is to secure and expand the business for next year.

We continue to execute on our strategy to transform QBIM from a consultancy company to a product company. Our SaaS revenues are growing on a quarterly basis, driven by new customers and price increases.

Transforming the company, our primary focus continues to be to secure a strong SaaS offering. Our work to develop our Sales application proceeds while we are considering ways to speed up the progression.  The pilot for Prism Growth is ongoing, still testing the product fit and demand for this solution.

It was pleasing to note that in today's published quarterly report, Eniro delivered an EBITDA result amounting to SEK 45 million despite the economic downturn. As for Observit, it is now a completely independent company that is listed on First North since May this year with a decent share price development considering the general bad stock market climate.

Last autumn we introduced a yearly shareholder day for our shareholders to learn more about our operations. We are planning for yet another event for our shareholders to learn more about our company to take place before Christmas. Here you will have the opportunity to meet some of our employees and get live demonstrations of our platform.

Best regards

Kenneth Dalquist Valbøll

For further information contact:

Kenneth Dalquist Valböll CEO
+47 99283 500, 
kenneth@spectrumone.com

Certified Adviser:
Aktieinvest FK AB (556072-2596) 
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
ca@aktieinvest.se 
www.aktieinvest.se

SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on November 9, 2023 at 5.45 p.m. CET.

This report is to be found on our webpage (https://spectrumone.com/investor/reports-and-presentations/)

About SpectrumOne AB
SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOne´s headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Norway, Finland and Belgium.  SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm.

https://news.cision.com/spectrumone/r/interim-report-q3--2023,c3872988

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