CEO's message:
 
The numbers speak for themselves in the CEO's message this quarter.
 
Once again, we have delivered an extremely strong quarter, the second-best in our history. With revenue of SEK 8.355 million and a growth of 203% compared to the same period last year, we are reaching SEK 50 million in total revenues for 2023 with similar growth trajectory as previous years.
 
The increase from the first to the second quarter of 2023 was 86%, compared to a 35% increase during the same period last year.
 
Even the gross profit increased significantly, amounting to SEK 2.932 million compared to SEK 567 thousand for the same period the previous year, resulting in a gross margin of 35% for the second quarter of 2023.
 
We see that the cost-saving measures are now fully effective starting from the third quarter this year, which will make a significant difference in the cost structure going forward.
 
Finally, I want to mention that we are pleased with the long-term financing solution we have implemented, which ensures full funding for the company from now on.
 
"Do More, Make It Count."
 
Jonas Söderqvist
CEO
Adverty AB (publ)