Elliptic Labs – Q2 2023: Growth trajectory supported by laptop revenues

MFN Publicerad: 13 Jul 2023 07:00

Elliptic Labs delivers Revenues from contracts with customers of mNOK 33.2 in the second quarter 2023, an increase of 245% compared to mNOK 9.6 in the same period last year. At the same time, the company experiences strong commercial traction and has launched on eight smartphone models and 17 laptop models to date in 2023.

Elliptic Labs has strong continued commercial traction in both the smartphone
and the PC verticals.

Highlights from Q2 2023:

Signed new expansion contract with existing smartphone customer
Signed software license contract with new Top-5 smartphone OEM
Signed new contract with a new leading pc/laptop customer
Signed new expansion contract with existing pc/laptop customer
Launched AI Virtual Human Presence Sensor on 8 ThinkPad models,
bringing the total to 17 models YTD
Elliptic Labs now has contracts with 4 of the Top-6 PC OEMs and PoC with one additional top OEM

Subsequent to Q2 2023:

Launched smartphone with existing client, the Honor X50
Signed contract with a new smartphone customer

Elliptic Labs will present its results today at 08:00 CET, followed by a Q&A session. Please use the following link to access the presentation:
https://channel.royalcast.com/landingpage/hegnarmedia/20230713_1/

About Elliptic Labs
Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway’s Oslo University, the company’s patented software uses AI, ultrasound, and sensor-fusion to create AI Virtual Smart Sensors that deliver intuitive 3D gesture-, proximity-, presence-, breathing-, and heartbeat -detection experiences. Its scalable AI Virtual Smart Sensor Platform™ creates software-only sensors that are sustainable, human-friendly, and already deployed in hundreds of millions of devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor-fusion deployed at scale. The company is listed on the Oslo Børs.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South -Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the company.

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