Bifogade filer
Beskrivning
Land | Sverige |
---|---|
Lista | Nordic SME Sweden |
Sektor | Tjänster |
Industri | IT-konsult & onlinetjänster |
On April 28, the acquisition of Safestate AB was completed, and the company has been included in the consolidated financial statements as of May 2025. To provide a comprehensive view of the Group, a pro forma income statement has been prepared for the period January 1 - June 30, 2025, with a comparison against the same period for Eye World in the previous year. The points listed below under the "Highlights" section are based on the pro forma figures.
Highlights
- Sales amounted to KSEK 11,826 (KSEK 5 522)
- Sales growth reached 104% compared to Q1 2024.
- Positive EBITDA in Q1 excluding restructuring costs, amounting to KSEK 5,867, corresponding to an EBITDA margin of about 50%.
- Cash balance amounted to MSEK 12.8 the 1st of July 2025.
- Annual Recurring Revenue (ARR) amounted to MSEK 50.7 at the end of Q2 2025 (MSEK 18.2).
- Invoiced sales in Q2 amounted to KSEK 13,223, resulting in a Billing EBITDA excluding restructuring costs of KSEK 7,264, corresponding to a Billing EBITDA margin of 55%.
- The Board is considering a transition to IFRS accounting standards. Such a change would provide more flexible conditions for the amortization of goodwill and intangible assets. Under the current framework, the applied amortization principles are the main reason why the Group does not show a profit on the bottom line. The Board's view is that adopting IFRS would provide a more accurate representation of the Group's profitability. Under IFRS, the result for the quarter would have been positive at approximately MSEK 1.4, and the result for the first half of the year would have been positive at approximately MSEK 1.9.
Summary April - June 2025 (compared to the same period the previous year):
- Net sales: KSEK 10,807 (KSEK 5,522)
- EBITDA for the period: KSEK 3,604 (KSEK 802), adjusted for restructuring costs: KSEK 5,001 (KSEK 2,222)
- Result for the period: KSEK -4,058 (KSEK -3,041), with the application of IFRS depreciation, the result for the period would have been positive at approximately MSEK 1.4.
- Sales per share: SEK 0,31 (SEK 0,19)
- Earnings per share: SEK -0,12 (SEK -0,11)
- Equity per share: SEK 4,44 (SEK 2,15)
Summary January - June 2025 (compared to the same period the previous year):
- Net sales: KSEK 18,642 (KSEK 9,504)
- EBITDA for the period: KSEK 6,092 (KSEK 738), adjusted for restructuring costs: KSEK 8,837 (KSEK 3,777)
- Result for the period: KSEK -5,444 (KSEK -4,778), in the comparison period, the result included a positive contribution from shares in Group companies of KSEK 2,154. With the application of IFRS depreciation, the result for the period would have been positive at approximately MSEK 1.9.
- Sales per share: SEK 0,53 (SEK 0,33)
- Earnings per share: SEK -0,15 (SEK -0,17)
- Equity per share: SEK 4,44 (SEK 2,15)
On April 28, the acquisition of Safestate AB was completed, and the company has been included in the consolidated financial statements as of May 2025. To provide a comprehensive view of the Group, a pro forma income statement has been prepared for the period January 1 - June 30, 2025, with a comparison against the same period for Eye World in the previous year. This has been prepared as if Safestate AB had been a wholly owned subsidiary at the beginning of the 2025 financial year. The consolidation is simplified, as no full purchase price allocation has been prepared as of January 1, 2025. The comparison periods refer to Eye World's reported figures in the respective historical periods.
Pro forma Income Statement | |||||
Pro forma EyeonGroup and Safestate | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
(KSEK) | 2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Net Sales | |||||
Net sales | 11 826 | 5 522 | 22 734 | 9 504 | 25 198 |
Total Net Sales | 11 826 | 5 522 | 22 734 | 9 504 | 25 198 |
Other Operating Income | |||||
Capitalized work for own account | - | 6 | - | 610 | 612 |
Other operating income | 250 | 411 | 317 | 800 | 1 552 |
Total Other Operating Income | 250 | 417 | 317 | 1 410 | 2 164 |
Total Revenues | 12 076 | 5 939 | 23 051 | 10 914 | 27 362 |
Operating Costs | |||||
Raw materials and supplies | -1 432 | -613 | -3 497 | -1 204 | -2 494 |
Other external costs | -2 121 | -2 132 | -4 354 | -3 777 | -10 594 |
Personnel costs | -2 656 | -953 | -5 175 | -2 024 | -3 772 |
Other operating costs | - | -19 | -50 | -132 | -30 |
Restructuring costs | -1 598 | -1 421 | -3 564 | -3 039 | -6 628 |
Total Operating Costs before Depreciation | -7 808 | -5 137 | -16 640 | -10 176 | -23 518 |
Operating Profit before Depreciation (EBITDA) | 4 269 | 802 | 6 411 | 738 | 3 844 |
(EBITDA excluding restructuring costs) | 5 867 | 2 222 | 9 975 | 3 777 | 10 472 |
Events During the Period
- EyeonGroup, together with the reseller Miss Group, has launched the first White Label B2B portal under the name Miss Group Safe.
- EyeonGroup has signed a Letter of Intent with a leading telecommunications operator in Europe.
- EyeonGroup has entered into a strategic partnership with Point Wild to expand its cybersecurity offering.
- EyeonGroup has signed a conditional agreement for the acquisition of Safestate AB.
- Talkmore, which is part of Telenor Norway, has launched EyeonGroup's identity protection service as a white label offering.
- EyeonGroup has signed a Letter of Intent with a leading international cybersecurity player.
- EyeonGroup has signed a strategic reseller agreement with a global telecommunications partner for a launch in the Polish market.
- EyeonGroup launches advanced Defense Tech product for security providers.
- The acquisition of Safestate AB was completed on April 28, 2025.
- Miss Group launched in Norway under its leading brand Domeneshop.
- One of the company's strategic resellers in the insurance sector showed a significant increase in the number of active subscriptions. A total of 105,000 new paying subscriptions were activated through this reseller alone during the second quarter, all invoiced one year in advance.
- Miss Group launched in Switzerland under the Hoststar brand, thereby reaching a potential customer base of 80,000 new corporate clients.
- On May 30, 2025, Eye World AB held its Annual General Meeting. Mattias Kaneteg was elected as the new Chairman of the Board and Johan Kämpe as a new Board Member. The meeting also resolved to change the company name to Eye World AB.
- Eye World signed an expanded strategic agreement with its largest reseller, granting the reseller full freedom to include EYE's cybersecurity service, Dark Web Monitoring, across its entire current and future service offering - without segmentation restrictions.
- On June 17, the name change to Eye World AB was registered with the Swedish Companies Registration Office (Bolagsverket).
- Safestate signed a three-year agreement with a leading insurance company, covering 240,000 subscriptions.
- Eye World launched CybSec.World, an AI-powered cybersecurity news platform - fully driven by AI, designed to deliver up-to-date, optimized content at high speed without relying on traditional editorial resources.
- Miss Group launched in Finland under the DomainKeskus brand, making this Eye World's fourth active market with Miss Group, following entries into Sweden, Norway, and Switzerland.
Events After the Period
- Eye World has surpassed 1 million active subscribers - a historic milestone that reflects the growing global demand for strong digital privacy and proactive cybersecurity.
- Eye World will participate as a sponsor and exhibitor at MSP Global 2025 in Barcelona on October 22-23.
- EYE has signed a Letter of Intent (LOI) with one of Scandinavia's leading telecom operators. The goal is to finalize the definitive agreement by August 31, 2025, with a planned launch during the fourth quarter of the same year.
- Eye World AB has renewed its PCI certification for an additional 12 months. This marks an important milestone for the company and serves as a strong quality stamp on its services.
Dear Shareholders,
The second quarter and summer of 2025 have been an eventful and important period for Eye World. We have made significant progress, signed new agreements, and continued to build the strong foundation needed for long-term growth.
Major agreements strengthen our position
In June, our subsidiary Safestate achieved a key milestone. We signed a new three-year agreement with one of Scandinavia's largest insurance companies. The agreement covers a total of 240,000 subscriptions - more than twice the previous number - which enabled us to surpass 1 million active subscriptions in July.
New opportunities through resellers
We also signed a new agreement with one of our largest resellers. Under this agreement, our Dark Web Monitoring service becomes a standard part of their subscriptions and can now be offered to all their customers. Previously, the service was more limited and sold only as part of a security package or as an add-on. This change allows us to reach significantly more users and strengthens both our revenue and subscription base.
A summer of clear progress
Q2 and the summer have in many ways confirmed that our strategy is working. We are growing rapidly, diversifying our revenue, and gaining market validation through the agreements we sign. Some of our key achievements include:
· Surpassing 1 million subscriptions.
· Signing multiple major agreements that bring more users and higher recurring revenue.
· Our services becoming an increasingly integral part of our partners' offerings.
· Our business model already showing results in the form of stronger cash flow and increased stability.
Focus moving forward
Now that we have surpassed 1 million subscribers, our focus is on delivering on the agreements we have already signed while working to finalize the outstanding LOIs. We also continue to bring in new partners, both in the Nordics and on international markets. Another key priority is growing alongside our existing partners by offering more of our products and thereby creating even greater value for both them and us.
Closing remarks
This quarter and summer demonstrate that Eye World is stronger than ever. We are not only building a company that grows in numbers, but also a platform that plays an increasingly important role for individuals and organizations seeking to protect their digital identity. I would like to extend my sincere thanks to our employees for their dedication, to our partners for their collaboration, and to you, our shareholders, for your continued support.
We now enter the autumn with energy, clear goals, and a strong belief that we can continue growing at the same pace. The journey has only just begun.
Description of the business
Eye World AB (publ) (https://eye.world), founded in 2015, is one of Northern Europe's leading and fastest-growing providers of SaaS solutions in Cyber Security. We are your complete partner and One Stop Shop for digital security, offering a unique AppStore that brings together 11 powerful services under one roof. Our partners can seamlessly select the solutions that fit their business model and easily offer them to their end customers.
Eyeon Group delivers innovative business solutions in IT security, privacy protection, and advanced AI-powered data solutions. Our products are specifically designed for the B2B market, with a focus on demanding industries such as banking and finance, insurance, telecom, and hosting. We help businesses across Europe protect their digital assets and stay ahead of cyber threats-today and in the future.
Eyeon Group in short
Eyeon Group AB (publ) is the parent company of a group with the wholly-owned subsidiaries Safestate AB EyeonID Intressenter AB. Eye Worlds's headquarters, including development, production, and administration, is located in Stockholm and an office in Dubai.
This report covers the entire group's and the parent company's operations during the period from January 1 2025 to June 30 2025.
Financial overview
The following section provides a summary of Eye World's financial information for the period April - June 2025, with a comparison to April - June 2024, as well as for the period January - June 2025, compared with January - June 2024. During this period, Eye World completed the acquisition of Safestate AB on April 28. Safestate has been included in the consolidated financial statements as of May 2025.
Sales and results
April - June
The group's net sales for the period amounted to KSEK 10,807 (KSEK 5,522), with a net result of KSEK
-4,058 (KSEK -3,041).
Sales were distributed as follows:
B2B KSEK 3,079 (KSEK 223)
B2C White label KSEK 7,728 (KSEK 5,299)
Sales and results
January - June
The group's net sales for the period amounted to KSEK 18,642 (KSEK 9,504), with a net result of KSEK
-5,444 (KSEK -4,778).
Sales were distributed as follows:
B2B KSEK 5,903 (KSEK 228)
B2C White label KSEK 12,739 (KSEK 9,276)
Liquidity and financing
As of June 30 2025, EyeonGroup's bank balances amounted to KSEK 8,090 (KSEK 5,559, as of July 1, cash and cash equivalents amounted to MSEK 12.7. The group had interest-bearing liabilities of KSEK 7,694 (SEK 106).
Investments
April - June
Eyeonid's total new investments during the period amounted to KSEK 3,167 (KSEK 2,326) and concerned intangible fixed assets amounting to KSEK 3,145 (KSEK 2,317) such as capitalized development costs, and tangible fixed assets amounting to KSEK 22 (KSEK 9).
January - June
Eyeonid's total new investments during the period amounted to KSEK 5,291 (KSEK 5,237) and concerned intangible fixed assets amounting to KSEK 5,269 (KSEK 5,229) such as capitalized development costs, and tangible fixed assets amounting to KSEK 22 (KSEK 9).
Depreciation
April - June
The period's result was charged with KSEK 7,428 (KSEK 3,838) in depreciation, of which KSEK 56 (KSEK 51) refers to depreciation on equipment, tools, and installations, KSEK 3,893 (KSEK 3 773) refers to depreciation of capitalized development costs, and goodwill depreciation of KSEK 3,480 (KSEK 14).
January - June
The period's result was charged with KSEK 11,263 (KSEK 7,665) in depreciation, of which KSEK 107 (KSEK 106) refers to depreciation on equipment, tools, and installations, KSEK 7,676 (KSEK 7,545) refers to depreciation of capitalized development costs, and goodwill depreciation of KSEK 3,480 (KSEK 14).
Equity
As of June 31, 2025, Eye World's equity amounted to KSEK 156,012 (KSEK 61,023).
The share and share-related Instruments
As of June 30, 2025, the share capital of Eyeon Group AB was divided into 35,156,116 shares with a nominal value of SEK 0.2. All shares are of the same series and have the same right to vote and profit in the company. The shares in Eye World have been traded on NGM Nordic SME under the ticker EYEW since September 20, 2016. Since February 7, 2023, the shares in Eyeonid have been traded with ISIN code SE0019763988 after the share consolidation decided at the extraordinary general meeting on January 27, 2023. EyeonGroup does not have a liquidity guarantee agreement.
At the 2023 annual general meeting, it was decided to introduce the Employee Stock Option Program 2023/2026 and the Warrant Program 2023/2026. The programs are aimed at the company's employees and consultants. Each option under the respective program entitles the holder to subscribe for one share. The exercise period runs from September 1, 2026, to September 30, 2026. If all issued options are exercised to subscribe for shares, the number of shares will increase by 1,495,269 shares, corresponding to a dilution of approximately 5 percent of the total number of shares and votes in the company. Due to
known personnel changes, the number of shares will increase by 897,159 shares upon full exercise of issued options, corresponding to a dilution of approximately 3% of the total number of shares and votes in the company.
Employees
As of June 30, 2025, Eye World had approximately 17 staff members, of which 8 (3) were employees and the remainder were consultants.
Accounting principles
The report has been prepared in accordance with the Annual Accounts Act of Sweden and BFNAR 2012:1 Annual Report and Consolidated Financial Statements (K3). Applied principles are consistent with those described in the 2024 annual report.
Upcoming reporting dates
Eyeon Group AB provides regular financial information according to the following schedule:
November 3 2025 | Interim report 3 2025 |
Februari 16 2026 | Year end report 2025 |
This report has not been subject to review by the company's auditor.
August 25, 2025
Eye World AB (publ)
The Board of Directors
For further information, please contact:
Fredrik Björklund
CEO
+46 70-892 35 92
Carl-Magnus Jönsson
CFO
+46 73-545 53 50
This information is information that Eye World AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication on August 25, 2025, at 08.30 CEST.
Income Statement | |||||
Group | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
(KSEK) | 2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Net Sales | |||||
Net Sales | 10 807 | 5 522 | 18 642 | 9 504 | 25 198 |
Total Net Sales | 10 807 | 5 522 | 18 642 | 9 504 | 25 198 |
Other Operating Income | |||||
Capitalized work for own account | - | 6 | - | 610 | 612 |
Other operating income | 259 | 411 | 311 | 800 | 1 552 |
Total Other Operating Income | 259 | 417 | 311 | 1 410 | 2 164 |
Total Revenues | 11 065 | 5 939 | 18 952 | 10 914 | 27 362 |
Operating Costs | |||||
Raw materials and supplies | -1 757 | -613 | -2 442 | -1 204 | -2 494 |
Other external costs | -2 082 | -2 132 | -4 031 | -3 777 | -10 594 |
Personnel costs | -2 226 | -953 | -3 593 | -2 024 | -3 772 |
Other operating costs | 0 | -19 | -50 | -132 | -30 |
Restructuring costs | -1 397 | -1 421 | -2 745 | -3 039 | -6 628 |
Total Operating Costs before Depreciation | -7 461 | -5 137 | -12 861 | -10 176 | -23 518 |
Operating Profit before Depreciation (EBITDA) | 3 604 | 802 | 6 092 | 738 | 3 844 |
((EBITDA excluding restructuring costs) | 5 001 | 2 222 | 8 837 | 3 777 | 10 472 |
Depreciation and Group Share Results | |||||
Depreciation of tangible and intangible assets | -7 428 | -3 838 | -11 263 | -7 665 | -15 243 |
Result of sold shares in group companies | - | - | - | 2 154 | 6 089 |
Total Depreciation and Group Share Results | -7 428 | -3 838 | -11 263 | -5 511 | -9 155 |
Operating Profit (EBIT) | -3 824 | -3 036 | -5 171 | -4 773 | -5 311 |
Results from Financial Items | |||||
Interest income and similar items | 1 | 0 | 1 | 0 | 77 |
Interest expenses and similar items | -234 | -2 | -274 | -2 | -122 |
Total Results from Financial Items | -234 | -2 | -273 | -2 | -44 |
Profit After Financial Items | -4 058 | -3 038 | -5 444 | -4 775 | -5 355 |
Tax on the period's result | - | -2 | - | -3 | -3 |
RESULT FOR THE PERIOD | -4 058 | -3 041 | -5 444 | -4 778 | -5 358 |
Balance Sheet | |||
Group | |||
(KSEK) | 2025-06-30 | 2024-06-30 | 2024-12-31 |
ASSETS | |||
Intangible Fixed Assets | |||
Goodwill | 100 924 | 420 | - |
Capitalized expenditures for development work | 65 022 | 57 966 | 59 623 |
Total Intangible Fixed Assets | 165 946 | 58 386 | 59 623 |
Tangible Fixed Assets | |||
Equipment, tools, and installations | 291 | 431 | 328 |
Total Tangible Fixed Assets | 291 | 431 | 328 |
Financial Fixed Assets | |||
Other long-term receivables | 414 | - | - |
Total Financial Fixed Assets | 414 | 0 | 0 |
Total Fixed Assets | 166 651 | 58 817 | 59 952 |
Current Assets | |||
Short-term Receivables | |||
Accounts receivables | 14 515 | 2 632 | 5 563 |
Other receivables | 2 772 | 128 | 52 |
Prepaid expenses and accrued income | 527 | 1 763 | 3 006 |
Total Short-term Receivables | 17 814 | 4 523 | 8 621 |
Cash and Cash Equivalents* | 8 090 | 5 559 | 6 418 |
Total Current Assets | 25 905 | 10 082 | 15 039 |
TOTAL ASSETS | 192 556 | 68 899 | 74 991 |
Balance Sheet | |||
Group | |||
(KSEK) | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Equity and Liabilities | |||
Equity | |||
Equity | 156 012 | 61 023 | 60 266 |
Total Equity | 156 012 | 61 023 | 60 266 |
Long-term Liabilities | |||
Other iabilities | - | - | - |
Total Long-term Liabilities | 0 | 0 | 0 |
Short-term Liabilities | |||
Accounts Payable | 9 583 | 3 626 | 4 174 |
Current Tax Liabilities | 84 | 16 | 0 |
Other Liabilities | 9 710 | 1 076 | 2 424 |
Accrued Expenses and Prepaid Income | 17 168 | 3 159 | 8 127 |
Total Short-term Liabilities | 36 544 | 7 877 | 14 726 |
TOTAL EQUITY AND LIABILITIES | 192 556 | 68 899 | 74 991 |
Changes in Equity | |||||
2025-04-01 - 2025-06-30 Group (KSEK) | Share Capital | Reserves | Other Contributed Capital | Retained Earnings incl. periods Result | Total Equity |
Amount at the beginning of the period | 5 682 | 0 | 269 785 | -216 587 | 58 880 |
Share issue | 1 349 | 99 841 | 101 190 | ||
Period's result | -4 058 | -4 058 | |||
2025-06-30 | 7 031 | 0 | 369 625 | -220 645 | 156 012 |
2024-04-01 - 2024-06-30 Group (KSEK) | Share Capital | Reserves | Other Contributed Capital | Retained Earnings incl. periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 1 636 | 269 793 | -240 876 | 64 077 |
Decrease in share capital | -27 842 | 27 842 | 0 | ||
Issue costs | -8 | -8 | |||
Period's currency difference | -5 | -5 | |||
Period's result | -3 041 | -3 041 | |||
2024-06-30 | 5 682 | 1 631 | 269 785 | -216 075 | 61 023 |
2025-01-01 - 2025-06-30 Group (KSEK) | Share Capital | Reserves | Other Contributed Capital | Retained Earnings incl. periods Result | Total Equity |
Amount at the beginning of the period | 5 682 | - | 269 785 | -215 201 | 60 266 |
Share issue | 1 349 | 99 841 | 101 190 | ||
Period's result | -5 444 | -5 444 | |||
2025-06-30 | 7 031 | 0 | 369 625 | -220 645 | 156 012 |
2024-01-01 - 2024-06-30 Group (KSEK) | Share Capital | Reserves | Other Contributed Capital | Retained Earnings incl. periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 2 418 | 269 793 | -239 933 | 65 802 |
Decrease in share capital | -27 842 | 27 842 | - | ||
Issue costs | -8 | -8 | |||
Period's currency difference | 7 | 7 | |||
Period's result | -4 778 | -4 778 | |||
2024-06-30 | 5 682 | 2 425 | 269 785 | -216 869 | 61 023 |
2024-01-01 - 2024-12-31 Group (KSEK) | Share Capital | Reserves | Other Contributed Capital | Retained Earnings incl. periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 169 | 269 793 | -237 685 | 65 801 |
Decrease in share capital | -27 842 | 27 842 | - | ||
Issue costs | -8 | -8 | |||
Period's currency difference | -169 | -169 | |||
Period's result | -5 358 | -5 358 | |||
2024-12-31 | 5 682 | 0 | 269 785 | -215 201 | 60 266 |
Cash Flow Statement | |||||
Group | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
(KSEK) | 2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Operating Activities | |||||
Operating Profit | -3 824 | -3 036 | -5 171 | -4 773 | -5 311 |
Adjustments for items not included in cash flow: | |||||
Depreciation | 7 428 | 3 838 | 11 263 | 7 665 | 15 243 |
Gains on sale of assets | - | - | - | -2 154 | -6 089 |
Interest Received | 0 | 0 | 1 | 0 | 77 |
Interest Paid | -198 | -2 | -201 | -2 | -3 |
Cash Flow from Operating Activities | |||||
before Changes in Working Capital | 3 406 | 800 | 5 891 | 736 | 3 918 |
Cash Flow from Changes in Working Capital | |||||
Increase (-) / Decrease (+) in Receivables | -7 442 | -83 | -8 930 | -89 | -4 110 |
Increase (+) / Decrease (-) in Payables | 7 285 | 3 149 | 5 090 | 2 179 | 8 839 |
Cash Flow from Operating Activities | 3 249 | 3 866 | 2 051 | 2 826 | 8 647 |
Investing Activities | |||||
Acquisition of Capitalized Development Costs | -3 145 | -2 317 | -5 269 | -5 229 | -9 965 |
Acquisition of Tangible Fixed Assets | -22 | -9 | -22 | -9 | -9 |
Change in Financial Assets | - | - | -137 | - | - |
Acquisition of Subsidiaries | -1 451 | 551 | -1 451 | 551 | 551 |
Disposal/Liquidation of Subsidiaries | - | 0 | - | 37 | -192 |
Cash Flow from Investing Activities | -4 618 | -1 774 | -6 878 | -4 649 | -9 615 |
Financing Activities | |||||
Share Issue before Issue Costs | - | - | - | - | - |
Issue Costs | - | -8 | - | -8 | -8 |
Short-term loans received | 6 500 | - | 6 500 | - | - |
Cash Flow from Financing Activities | 6 500 | -8 | 6 500 | -8 | -8 |
Period's Cash Flow | 5 131 | 2 083 | 1 672 | -1 831 | -976 |
Cash and Cash Equivalents at the Beginning of the Period | 2 959 | 3 468 | 6 418 | 7 365 | 7 365 |
Currancy Difference in Cash and Cash Equivalents | - | 8 | - | 25 | 29 |
Cash and Cash Equivalents at the End of the Period | 8 090 | 5 559 | 8 090 | 5 559 | 6 418 |
Income Statement | |||||
Parent Company | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
(KSEK) | 2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Operating Revenues | |||||
Net sales | 8 017 | 4 885 | 15 852 | 8 828 | 23 590 |
Other operating income | 243 | 411 | 317 | 800 | 1 552 |
Total Operating Revenues | 8 260 | 5 296 | 16 169 | 9 628 | 25 142 |
Operating Costs | |||||
Raw materials and supplies | -974 | -861 | -1 960 | -1 608 | -3 364 |
Other external costs | -2 587 | -2 347 | -5 583 | -4 499 | -13 448 |
Personnel costs | -1 291 | -1 647 | -2 659 | -2 943 | -5 080 |
Other operating costs | - | -19 | -72 | -132 | -30 |
Total Operating Costs before Depreciation | -4 853 | -4 873 | -10 273 | -9 182 | -21 922 |
Operating Profit before Depreciation (EBITDA) | 3 407 | 423 | 5 897 | 446 | 3 220 |
Depreciation | |||||
Depreciation of tangible and intangible assets | -3 841 | -3 823 | -7 675 | -7 647 | -15 189 |
Total Depreciation | -3 841 | -3 823 | -7 675 | -7 647 | -15 189 |
Operating Profit (EBIT) | -433 | -3 400 | -1 778 | -7 201 | -11 969 |
Results from Financial Items | |||||
Result of sold shares in group companies | - | 0 | - | 675 | 851 |
Dividend from shares in group companies | - | - | - | 1 385 | 1 385 |
Interest income and similar items | 0 | 0 | 0 | 0 | 77 |
Interest expenses and similar items | -234 | -2 | -274 | -2 | -122 |
Total Results from Financial Items | -234 | -2 | -274 | 2 059 | 2 192 |
Profit After Financial Items | -667 | -3 402 | -2 052 | -5 142 | -9 777 |
Tax on the period's result | - | - | - | - | - |
RESULT FOR THE PERIOD | -667 | -3 402 | -2 052 | -5 142 | -9 777 |
Balance Sheet | |||
Parent Company | |||
(KSEK) | 2025-06-30 | 2024-06-30 | 2024-12-31 |
ASSETS | |||
Intangible Fixed Assets | |||
Capitalized expenditures for development work | 56 524 | 62 394 | 59 623 |
Total Intangible Fixed Assets | 56 524 | 62 394 | 59 623 |
Tangible Fixed Assets | |||
Equipment, Tools, and Installations | 226 | 431 | 328 |
Total Tangible Fixed Assets | 226 | 431 | 328 |
Financial Fixed Assets | |||
Shares in Group Companies | 105 798 | 379 | 199 |
Other long-term receivables | 137 | - | - |
Total Financial Fixed Assets | 105 934 | 379 | 199 |
Total Fixed Assets | 162 684 | 63 204 | 60 151 |
Current Assets | |||
Kortfristiga fordringar | |||
Accounts Receivable | 7 762 | 2 632 | 5 563 |
Receivables Group Companies | - | 12 | - |
Other Receivables | 2 762 | 124 | 52 |
Prepaid Expenses and Accrued Income | 526 | 1 460 | 3 006 |
Total Short-term Receivables | 11 050 | 4 228 | 8 621 |
Cash and Cash Equivalents | 7 817 | 4 768 | 6 371 |
Total Current Assets | 18 867 | 8 995 | 14 992 |
TOTAL ASSETS | 181 551 | 72 199 | 75 143 |
Balance Sheet | |||
Parent Company | |||
(KSEK) | 2025-06-30 | 2024-06-30 | 2024-12-31 |
EQUITY AND LIABILITIES | |||
Equity | |||
Equity | 159 556 | 65 052 | 60 418 |
Total Equity | 159 556 | 65 052 | 60 418 |
Long-term Liabilities | |||
Other Liabilities | - | - | - |
Total Long-term Liabilities | 0 | 0 | 0 |
Short-term Liabilities | |||
Accounts Payable | 8 641 | 3 384 | 4 174 |
Current Tax Liabilities | - | 9 | - |
Liabilities to Group Companies | 442 | 343 | - |
Other Liabilities | 7 322 | 354 | 2 424 |
Accrued Expenses and Prepaid Income | 5 590 | 3 058 | 8 127 |
Total Short-term Liabilities | 21 995 | 7 147 | 14 726 |
TOTAL EQUITY AND LIABILITIES | 181 551 | 72 199 | 75 143 |
Changes in Equity | ||||||
2025-04-01 - 2025-06-30 Parent Company (KSEK) | Share Capital | Development Expenditure Reserve | Share Premium Reserve | Retained Earnings | Periods Result | Total Equity |
Amount at the beginning of the period | 5 682 | 57 965 | 269 785 | -273 013 | -1 385 | 59 033 |
Share issue | 1 349 | 99 841 | 101 190 | |||
Transfer of previous period's result | -1 385 | 1 385 | - | |||
Allocation to development expenditure reserve | -1 441 | 1 441 | - | |||
Period's result | -667 | -667 | ||||
2025-06-30 | 7 031 | 56 524 | 369 625 | -272 957 | -667 | 159 556 |
2024-04-01 - 2024-06-30 Parent Company (KSEK) | Share Capital | Development Expenditure Reserve | Share Premium Reserve | Retained Earnings | Periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 63 849 | 269 793 | -296 964 | -1 740 | 68 462 |
Decrease in share capital | -27 842 | 27 842 | - | |||
Issue costs | -8 | -8 | ||||
Transfer of previous period's result | -1 740 | 1 740 | - | |||
Allocation to development expenditure reserve | -1 455 | 1 455 | - | |||
Period's result | -3 402 | -3 402 | ||||
2024-06-30 | 5 682 | 62 394 | 269 785 | -269 407 | -3 402 | 65 052 |
2025-01-01 - 2025-06-30 Parent Company (KSEK) | Share Capital | Development Expenditure Reserve | Share Premium Reserve | Retained Earnings | Periods Result | Total Equity |
Amount at the beginning of the period | 5 682 | 59 623 | 269 785 | -264 896 | -9 777 | 60 418 |
Share issue | 1 349 | 99 841 | 101 190 | |||
Transfer of previous period's result | -9 777 | 9 777 | - | |||
Allocation to development expenditure reserve | -3 100 | 3 100 | - | |||
Period's result | -2 052 | -2 052 | ||||
2025-06-30 | 7 031 | 56 524 | 369 625 | -271 573 | -2 052 | 159 556 |
2024-01-01 - 2024-06-30 Parent Company (KSEK) | Share Capital | Development Expenditure Reserve | Share Premium Reserve | Retained Earnings | Periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 64 643 | 269 793 | -276 164 | -21 594 | 70 202 |
Decrease in share capital | -27 842 | 27 842 | - | |||
Issue costs | -8 | -8 | ||||
Transfer of previous period's result | -21 594 | 21 594 | - | |||
Allocation to development expenditure reserve | -2 249 | 2 249 | - | |||
Period's result | -5 142 | -5 142 | ||||
2024-06-30 | 5 682 | 62 394 | 269 785 | -267 667 | -5 142 | 65 052 |
2024-01-01 - 2024-12-31 Parent Company (KSEK) | Share Capital | Development Expenditure Reserve | Share Premium Reserve | Retained Earnings | Periods Result | Total Equity |
Amount at the beginning of the period | 33 524 | 64 643 | 269 793 | -276 163 | -21 594 | 70 203 |
Decrease in share capital | -27 842 | 27 842 | - | |||
Issue costs | -8 | -8 | ||||
Transfer of previous period's result | -21 594 | 21 594 | - | |||
Allocation to development expenditure reserve | -5 019 | 5 019 | - | |||
Period's result | -9 777 | -9 777 | ||||
2024-12-31 | 5 682 | 59 624 | 269 785 | -264 896 | -9 777 | 60 418 |
Cash Flow Statement | |||||
Parent Company | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
(KSEK) | 2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 |
Operating Activities | |||||
Operating Profit | -433 | -3 400 | -1 778 | -7 201 | -11 969 |
Adjustments for items not included in cash flow: | |||||
Depreciation | 3 841 | 3 823 | 7 675 | 7 647 | 15 189 |
Interest Received | 0 | 0 | 0 | 0 | 77 |
Interest Paid | -198 | -2 | -201 | -2 | -3 |
Cash Flow from Operating Activities | |||||
before Changes in Working Capital | 3 209 | 421 | 5 695 | 445 | 3 295 |
Cash Flow from Changes in Working Capital | |||||
Increase (-) / Decrease (+) in Receivables | -940 | -54 | -2 428 | -247 | -4 641 |
Increase (+) / Decrease (-) in Payables | 2 892 | 3 402 | 697 | 3 513 | 11 329 |
Cash Flow from Operating Activities | 5 161 | 3 769 | 3 964 | 3 710 | 9 983 |
Investing Activities | |||||
Acquisition of Capitalized Development Costs | -2 349 | -2 317 | -4 473 | -5 295 | -9 965 |
Acquisition of Tangible Fixed Assets | 0 | -9 | - | -9 | -9 |
Change in Financial Assets | - | - | -137 | -25 | -25 |
Acquisition of Subsidiaries | -4 409 | 0 | -4 409 | 0 | 0 |
Disposal/Liquidation of Subsidiaries | - | - | - | - | 0 |
Cash Flow from Investing Activities | -6 757 | -2 326 | -9 018 | -5 329 | -9 998 |
Financing Activities | |||||
New Share Issue before Issue Costs | - | - | - | - | - |
Issue Costs | - | -8 | - | -8 | -8 |
Short-term loans received | 6 500 | - | 6 500 | - | - |
Cash Flow from Financing Activities | 6 500 | -8 | 6 500 | -8 | -8 |
Period's Cash Flow | 4 904 | 1 435 | 1 446 | -1 627 | -23 |
Cash and Cash Equivalents at the Beginning of the Period | 2 913 | 3 333 | 6 371 | 6 395 | 6 395 |
Cash and Cash Equivalents at the End of the Period | 7 817 | 4 768 | 7 817 | 4 768 | 6 371 |
KPI:s | |||||
(SEK) | 2025-04-01 | 2024-04-01 | 2025-01-01 | 2024-01-01 | 2024-01-01 |
2025-06-30 | 2024-06-30 | 2025-06-30 | 2024-06-30 | 2024-12-31 | |
PROFITABILITY AND RETURN | |||||
Revenue Growth (%) | 96% | 59% | 96% | 40% | 73% |
Operating Margin (%) | Neg | Neg | Neg | Neg | Neg |
Profit Margin (%) | Neg | Neg | Neg | Neg | Neg |
Return on Equity (%) | Neg | Neg | Neg | Neg | Neg |
CAPITAL STRUCTURE | |||||
Equity (KSEK) | 156 012 | 61 023 | 156 012 | 61 023 | 60 266 |
Total Assets (KSEK) | 192 556 | 68 899 | 192 556 | 68 899 | 74 991 |
Capital Employed (KSEK) | 163 705 | 61 129 | 163 705 | 61 129 | 61 527 |
Net Interest-bearing Debt (KSEK) | -397 | -5 453 | -397 | -5 453 | -5 157 |
Capital Turnover Ratio (times) | 0,08 | 0,08 | 0,14 | 0,14 | 0,35 |
Equity Ratio (%) | 81% | 89% | 81% | 89% | 80% |
Debt Ratio (%) | 5% | 0% | 5% | 0% | 2% |
Interest Coverage Ratio (times) | Neg | Neg | Neg | Neg | Neg |
CASH FLOW AND LIQUIDITY | |||||
Cash Flow before Investments (KSEK) | 3 249 | 3 866 | 2 051 | 2 826 | 8 647 |
Cash Flow after Investments (KSEK) | -1 369 | 2 092 | -4 828 | -1 823 | -968 |
Cash and Cash Equivalents (KSEK) | 8 090 | 5 559 | 8 090 | 5 559 | 6 418 |
INVESTMENTS | |||||
Acquisition of Tangible Fixed Assets (KSEK) | 22 | 9 | 22 | 9 | 9 |
Acquisition of Intangible Fixed Assets (KSEK) | 3 145 | 2 317 | 5 269 | 5 229 | 9 965 |
Acquisition of Subsidiaries (KSEK) | 105 599 | 0 | 105 599 | 0 | - |
EMPLOYEES | |||||
Average Number of Employees | 5 | 3 | 4,7 | 3 | 3 |
Revenue per Employee (KSEK) | 2 161 | 1 841 | 3 966 | 3 168 | 8 399 |
Number of Employees | 8 | 3 | 8 | 3 | 2 |
DATA PER SHARE | |||||
Number of Shares | 35 156 116 | 28 410 125 | 35 156 116 | 28 410 125 | 28 410 125 |
Sales per Share | 0,31 | 0,19 | 0,53 | 0,33 | 0,89 |
Earnings per Share (SEK) | -0,12 | -0,11 | -0,15 | -0,17 | -0,19 |
Equity per Share (SEK) | 4,44 | 2,15 | 4,44 | 2,15 | 2,12 |
Average Number of Shares during the Period | 31 783 121 | 28 410 125 | 31 783 121 | 28 410 125 | 28 410 125 |
Definition of KPI:s
PROFITABILITY AND RETURN | |
Revenue Growth (%) | The percentage increase in revenue compared to the previous period. |
Operating Margin (%) | Operating profit as a percentage of total revenue, indicating how much of each SEK of revenue is retained as operating profit. |
Profit Margin (%) | Net profit as a percentage of total revenue, showing the percentage of revenue that remains as profit after all expenses. |
Return on Equity (%) | Net profit for the period as a percentage of average equity. |
CAPITAL STRUCTURE | |
Equity (KSEK) | Equity at the end of the period. |
Total Assets (KSEK) | The sum of assets or the sum of liabilities and equity. |
Capital Employed (KSEK) | Total assets minus non-interest-bearing liabilities, including deferred tax. |
Net Interest-bearing Debt (KSEK) | The net of interest-bearing provisions and liabilities minus financial assets, including cash and cash equivalents. |
Capital Turnover Ratio (times) | Annual revenue divided by average total assets. |
Equity Ratio (%) | Equity as a percentage of total assets. |
Debt Ratio (%) | Interest-bearing liabilities divided by equity. |
Interest Coverage Ratio (times) | Earnings before interest and taxes plus financial expenses divided by financial expenses. |
CASH FLOW AND LIQUIDITY | |
Cash Flow before Investments (KSEK) | Profit after financial items plus items not affecting cash flow minus changes in working capital. |
Cash Flow after Investments (KSEK) | Profit after financial items plus items not affecting cash flow minus changes in working capital and investments. |
Cash and Cash Equivalents (KSEK) | Bank balances and cash. |
EMPLOYEES | |
Average Number of Employees | The average number of employees during the period. |
Revenue per Employee (KSEK) | Revenue divided by the average number of employees. |
Number of Employees | The number of employees at the end of the period. |
DATA PER SHARE | |
Number of Shares | The number of outstanding shares at the end of the period. |
Sales per Share | Period's sales divided by the number of shares. |
Earnings per Share (SEK) | Period's net profit divided by the number of shares. |
Equity per Share (SEK) | Equity divided by the number of shares. |