(Oslo, Norway - March 29, 2023) Airthings (AIRX), the global leader in air
quality monitoring and energy-saving solutions, today publishes its 2022 annual
and sustainability reports. The annual report contains no changes from the
preliminary annual accounts released on 10 February 2023.

Airthings reported revenue of USD 35.5 million for 2022, up 5% from 2021, with a
gross profit margin of 59%. ARR ended at USD 3.6 million at the end of the year,
an increase of 26% since 2021. The year-on-year growth was primarily driven by
Airthings for Business, with a slight decrease in the Consumer and Pro segments.
End-user demand in the Consumer segment remained positive throughout the year,
with the revenue decline reflecting channel partners in the Consumer segment
reducing inventories and pushing orders out time in response to an uncertain
market outlook. 

Airthings is adapting to the slowdown in revenue growth and heightened market
uncertainties by intensifying its focus on optimizing business operations,
reducing inventories, and improving the cash position. In 2023, Airthings for
Business will be focused on sharpening the strategic direction and enhancing its
value proposition, with strengthening of the energy optimization offering as a
key component.

The annual report can be found attached and is also available on
www.airthings.com/investors/reports. Airthings has also published its 2022
sustainability report which can be found attached and at
www.airthings.com/sustainability/reports.  


For questions or interview/meeting requests, please contact:
Øyvind Birkenes - CEO
T: +47 922 43 551
E: o.birkenes@airthings.com

Jeremy Gerst - CFO
T: +47 455 11 103
E: Jeremy.gerst@airthings.com

About Airthings
Airthings is a global technology company and producer of award-winning radon and
indoor air quality monitors for homeowners, businesses, and professionals.
Founded in 2008, Airthings is on a mission to ensure that people around the
world recognize the impact of indoor air quality and take control of their
health through simple, affordable, and accurate technology solutions while
optimizing energy consumption in buildings. Airthings' products have made radon
detection and indoor air quality monitoring easy to deploy, accurate, and user
friendly, and have received several accolades including the TIME's Best
Inventions award and CES Innovation Award Honors. Headquartered in the heart of
Oslo, Norway, and with offices in the US and Sweden the company has over 130
employees from more than 35 nationalities-and counting. To see the full range of
Airthings indoor air quality monitors and radon detectors or to learn more about
the importance of continuous air quality monitoring, please visit airthings.com