Elliptic Labs — Q4 2023: Setting the market standard and shaping the future of AI Virtual Smart Sensors
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Elliptic Labs — Q4 2023: Setting the market standard and shaping the future of AI Virtual Smart Sensors

MFN Publicerad: 15 Feb 07:00
Elliptic Laboratories

Elliptic Labs reports Revenues from contracts with customers of NOK 68.3 million in 2023, an increase of 31% from NOK 52.1 million in 2022. For the fourth quarter, revenue from contracts with customers ended at NOK 9.2 million
compared to NOK 9.8 million in the fourth quarter of last year. Revenue in individual quarters remains impacted by the timing of milestone revenue and model launches.

Highlights from Q4 2023:

  • Signed contract with a PC OEM for a breakthrough new AI Virtual Smart Sensor Platform functionality set to reshape device-to-device interoperability and redefine seamless user experience across systems and devices
  • Signed several new contracts with existing smartphone customers
  • Launched on eight new smartphone models featuring the AI Virtual Smart Sensor Platform including vivo Y100 5G, Honor X50i Plus, Honor 100, Honor 100 Pro, RedMI k70E, Honor 90 GT, Oppo S18 and Oppo S18 Pro
  • Joined the MIPI-alliance as a key contributor to defining new architecture and industry standards in collaboration with key global ecosystem players

Events after the end of the quarter:

  • Signed a software license contract with a new smartphone customer
  • Signed expansion contract with existing global top-5 smartphone customer
  • Launched six new smartphone models featuring the AI Virtual Smart Sensor Platform — Honor x50 GT, Honor x50 Pro, Xiaomi Note 13 Pro 4G, Xiaomi Poco X6 Pro, Honor X8B and Tecno Spark 20 Pro+

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/20240215_3/

Contacts
Investor Relations: 
Lars Holmøy
[email protected]

PR Contact:
Patrick Tsui
[email protected]

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.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication at 2024-02-15 07:00 CET.

Attachments
Elliptic Labs Report 2023 Q4
Elliptic Labs Presentation 2023 Q4
Elliptic Laboratories Webcast Q4 2023

Bifogade filer

Elliptic Labs Report 2023 Q4https://storage.mfn.se/43870a94-4f47-4fa9-aa9d-b1ed406767f9/elliptic-labs-report-2023-q4.pdf
Elliptic Labs Presentation 2023 Q4https://storage.mfn.se/42b89766-29c0-468d-b517-9dec831991e2/elliptic-labs-presentation-2023-q4.pdf
Elliptic Laboratories Webcast Q4 2023https://channel.royalcast.com/landingpage/hegnarmedia/20240215_3/

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