Doubling of Core Business Revenue
Core business revenue doubled from SEK 9.1 million in Q1 2024 to SEK 18.2 million in Q1 2025, reflecting a 100% increase.
Strong Gross Margin
Maintained a healthy gross margin of 56.6%, indicating successful entry into more profitable markets.
Positive EBITDA with Smart Eye Deal
Achieved a positive EBITDA of SEK 10.7 million, supported by a SEK 30 million deal with Smart Eye.
Significant Headcount Reduction
Reduced headcount by 70% year-over-year, aligning with the company's cost structure.
Launch of Decentralized Biometric Authentication
Announced a partnership with Anonybit for a decentralized biometric authentication platform integrated with PingOne.
Transition to Core Focus
Mobile and PC classified as discontinued operations, allowing a clearer focus on core business growth.