Q4'23 outcome
Sales came in at SEK 20.3m (+6% vs. ABGSCe 19.1m), implying a y-o-y increase of ~5%. The company delivered an EBITDA of SEK 0.6m (vs. ABGSCe 1.2m), and an EBIT of SEK -5.4m (vs. ABGSCe -5.1m). The fourth quarter results were slightly better than we had expected with respect to sales but slightly below on EBITDA. Algo (now known as Biometric Technologies) royalties were in line with expectations, whereas the Digital Identity segment performed better than we thought. The Digital Identity segment achieved an ARR of SEK 18.3m, implying 3% sequential growth and 13% y-o-y growth.