Elliptic Labs reports Revenues from contracts with customers of NOK 26.6 million for 2025, an increase from NOK 22.2 million 2024, representing an increase of 20%. Total revenue and other operating income was NOK 27.0 million (22.6) for the first quarter 2025. This corresponds to a Total revenue and other operating income increase of 19% year-over- year.

Elliptic Labs is setting a high growth trajectory through rapid scaling of its product portfolio and deployment footprint. In the first months of 2025, the company launched its platform on 23 new laptop models, including seven featuring dual-sensor configurations. By May 2025 we have already surpassed the number of laptops launched in FY 2024 by more than 50% and almost doubled the number of AI Virtual Smart Sensors deployed in laptops.

In the smartphone segment, Elliptic Labs has launched its platform on 23 new models year-to-date, with firm commitments secured for an additional 45 models to be launched later in the year. This commercial progress not only illustrates the company’s accelerating momentum but also its ability to drive customer value and execute on its expansion strategy.

Highlights from Q1 2025:
- Launched on 16 new laptop models, including four featuring dualsensor configurations
- Launched on 11 new smartphones, with firm commitments for 45 additional models to be launched this years
- Revenues from customers NOK 26.6m, up 20% year-on-year
- EBITDA NOK -1.6m (NOK -3.3m in Q1’24)

Events after the End of the Quarter:
-Expanded with Current Smartphone Customer Under a Multi-Year Agreement
- Elliptic Labs Signs New Expansion License Contract with Existing Customer for 11 Smartphone Models
- Launched on seven new laptops, including three featuring dual-sensor configurations
- Launched on 12 new smartphones

Elliptic Labs continues to lead in AI Virtual Smart Sensor Platform, demonstrating its ability to scale efficiently and profitably while solidifying its position in the rapidly evolving AI-native device market.