Fourth quarter

  • Net sales amounted to SEK 3.7 (14.2*) million
  • EBITDA amounted to SEK -1.5 (-4.0) million
  • EBIT amounted to SEK -14.4** (-27.7) million
  • EBT amounted to SEK -16.0 (-27.5) million
  • Cloud Explorers Solutions AS, a Norwegian subsidiary of SpectrumOne AB, announces the signing of a formal Partnership Agreement with Tietoevry

Significant events after the reporting period

  • SpectrumOne AB appoints Stephen Karl Ranson as the new Chief Executive Officer

Full year

  • Net sales amounted to SEK 23.3 (74.0*)  million
  • EBITDA amounted to SEK -15.5 (-7.3) million
  • EBIT amounted to SEK -95.0** (-78.7) million 
  • EBT amounted to SEK -99.6 (-83.6) million
  • Earnings per share before dilutions amounted to SEK -0,26 (-0.22)

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

CEO STATEMENT

Dear Shareholders,

It is with great pleasure that I present this CEO statement as part of our quarterly report. Although my tenure in this role has been brief, the opportunity to lead and engage with our vibrant shareholder community has been immensely rewarding.

The recent shareholder meeting, which I had the privilege of presenting, not only allowed me to meet many of you in person but also to witness the broad online engagement it garnered. This interaction is a testament to the importance of open and dynamic communication as we chart our path forward.

Looking ahead, I am committed to maintaining a consistent, transparent, and informative dialogue with both our shareholders and the broader market. It is also my belief that involving our partners in these communications is crucial. Hearing directly from those who work with our organisation and use our products and services enriches our perspective and ensures a holistic view of our operations.

Since joining the SpectrumONE group of companies in 2019, my focus has primarily been on Cloud Explorers and PRISM. However, recent weeks have been dedicated to familiarising myself to get more insight into our business strategy and operations of the other companies in the SpectrumOne group. This immersion is critical for steering our strategy effectively as we move into 2024.

I am excited to report significant progress within Cloud Explorers, highlighted by intensive partnership activities and a major sales push with our main partners, D&B and Tietoevry, throughout 2023 and into the early part of 2024. Our concerted efforts have yielded promising results, including an expansion of our client base in Norway and the strengthening of our relationships through enhanced product offerings and services.

With D&B, we have had a strong and successful focus on increasing our footprint by securing growth both via upsell with existing clients, one of whom has increased their SaaS licence by 160 users. Coupled with new SaaS license growth with large group/consortium based clients such as Banks and Finance institutions. This really underscores the staying power of PRISM once secured with a client along with the growth potential within the various accounts.

In parallel to these activities we have been working with the Product and Services division of D&B in Sweden during 2023 and into 2024. Exploring PRISM as a platform for the delivery of current and newly developed analytical solutions to the market across Scandinavia. This collaboration demonstrates the value and the relevance of PRISM within our partners clients, ongoing and future business.

Our journey with Tietoevry has been marked by more rapid advancement than our initial partnerships. From initial proofs of concept (POCs) demonstrating the capabilities of PRISM, to comprehensive compliance processes and deployment of PRISM as a managed service.

We have together with Tietoevry identified several packaged solutions based on PRISM which we now introduce into relatively large clearly defined markets with existing clients.  These solutions have been piloted with trial clients of various sizes in order to validate the value created and have received very strong and  positive feedbacks.

Tietoevry now sets full focus on sales activity with these offerings. I will report back progress as soon as I have an update.

Furthermore, I take this opportunity to mention that discussions are underway with a potential third partner following successful POCs, completed at the end of December 2023, facilitating further strategic expansions. I look forward to sharing detailed updates on these developments at our upcoming shareholder update meeting in the near future, which will also be broadcasted for wider accessibility online.

As we stand on the cusp of realising the fruits of our labor, I am filled with anticipation for the period ahead. The dedication and hard work of our team members across the group have been instrumental in reaching this point, and I extend my heartfelt gratitude to each one of them.

I eagerly await our next meeting, where we will delve deeper into our achievements to date and outline our future direction.

Thank you for your ongoing support and trust in SpectrumOne AB.

Sincerely,

Stephen Karl Ranson

CEO

SpectrumOne AB

For further information contact:

Stephen Ranson CEO
+47 99288 221, 
stephen@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 February 28, 2024 at 8.30 a.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.

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