The CEO comments on the third quarter:

Net sales during the period amounted to SEK 17.2 million (7.0) and capitalized work SEK 3.5 million (2.5). EBITDA SEK 1.1 million (-3.2) and profit after tax SEK -2.4 million (-6.5). The gross margin was 59.1 percent (48.4). Cash and cash equivalents at the end of the period SEK 163.4 million (25.8).

We report the last quarter before the acquisition of Agent Vi with a strong sales development within all customer segments. Net sales increased by 146 percent and monthly recurring revenue (MRR) by 40 percent on a quarterly basis. Gross margin, EBITDA and cash position are following plan during our strong growth phase.

The roll-out pace together with our partners, including security- and camera companies, has significantly increased and is expected to further accelerate in the coming periods.

Delivering cutting edge algorithms on an ever-growing market, we continue building our capacity within all business functions. In addition to the elderly care and railway segments, both of which have been well received in the market, we also target several new customer verticals.

On October 13[th] the acquisition of Agent Vi was formally closed, we are now one company with a powerful springboard to continued growth.

Marcus Bäcklund

• Net sales SEK 17.2 million (7.0).
• Capitalized work SEK 3.5 million (2.5).
• Gross margin 59.1 percent (48.4).
• Operating profit (EBITDA) SEK 1.1 million (-3.2).
• Profit after tax SEK -2.4 million (-6.5).
• Cash and cash equivalents at the end of the period SEK 163.4 million (25.8).
• MRR at the end of the quarter SEK 4.2 million (3.0) Q/Q.

The company's calendar for 2022 is stated in the quarterly report which is available at www.irisity.com

For further information:

Marcus Bäcklund, Irisity CEO                                                                    Andreas Höye, Irisity CFO

Phone: +46 771 41 11 00                                                                            Phone: +46 769 01 34 51

E-mail: marcus.backlund@irisity.com                                                E-mail: andreas.hoye@irisity.com

This information is information that Irisity AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 10 November 2021.

This disclosure contains information that Irisity AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on at 08:00 CET on 10 November 2021.