(Oslo, Norway - March 19, 2024) Airthings (AIRX), the global leader in air
quality monitoring and energy-saving solutions, today published its 2023 annual
report. 

Airthings reported revenue of USD 36.6 million for 2023, up 3% from 2022, with a
gross profit margin of 61%. The loss before tax declined to USD 8.0M from a loss
of USD 13.7M in 2022. ARR ended at USD 4.2 million at the end of the year, an
increase of 16% since 2022. 

Airthings is seeing promising results since its revised strategy, Airthings 3.0,
was introduced in the second of 2023. The strategy aims to drive revenue growth
while improving gross profit margins and lowering operating costs. Airthings'
continued execution of its 3.0 strategy has streamlined operations to place the
company on a faster track to profitability.  

Note that the annual report contains no changes from the preliminary annual
accounts released on February 8, 2024.

The annual report is attached and available on
www.airthings.com/investors/reports.
 
For questions or interview/meeting requests, please contact:

Emma Tryti - CEO
T: +47 473 76 431
E: emma.tryti@airthings.com

Magnus Navdal Bekkelund - Interim CFO
T: +47 480 78 845
E: magnus.bekkelund@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