Interim report Q1, 2023

First quarter

• Net sales amounted to SEK 11.4 (24.1*) million
• EBITDA amounted to SEK -10.1** (-1.8) million
• EBIT amounted to SEK -31.1*** (-22.7) million
• EBT amounted to SEK -32.5 (-27.4) million

• SpectrumOne’s subsidiary, QBIM AB, enters into a partner agreement with Pengvin Affärssystem AB
• SpectrumOne AB executes on its strategic direction – divests its shares in Ampilio AB (including subsidiary The Trigger Company AB) to Management

Significant events after the reporting period

• SpectrumOne’s subsidiary, Cemron OY, enters into partner agreement with Ideafix Group

*including revenues from the now divested companies Observit AB and Ådata Infosystems
**including the loss amounting to SEK -7.0 million for the sales of Ampilio AB and The Trigger Company
***including share of earnings from our associated company Eniro Group AB

CEO STATEMENT

Dear Shareholders,

We are on a journey to become a leading SaaS company with the mission to help businesses prosper by making valuable data, insights, and opportunities available.

Currently our focus is strengthening our foundation to make sure that our business scales properly when time is right. Amongst other this implies securing a great product market fit, strengthening our commercial resources, expanding partnerships, and tuning our value propositions.

As for any other growth journey we do not expect our journey to be a smooth transfer between two points. We will need to constantly navigate the landscape and adjust based on non-predictable roadblocks.

The map we use in our daily operations is our strategic direction based on profitable growth, building our value propositions on our PRISM platform, working as one company tapping the synergies in our operations, and expanding our distribution and strengthen our value propositions through partnerships.

When navigating, we as any other business, needs to pay attention to the turbulent macro-economic environment we are operating in. I am happy that the impact on our business is as we foreseen it late last year. We are witnessing an increased demand for data and analytics to support automation and digitalisation. Further we see an increased demand for insights about customers, prospective markets, and operations. Also, the predicted cost cautions seem to establish itself as the new normal.

Planning our growth journey is the easy part, however executing it is always more challenging. That’s why I am really happy to see how we as an organization are improving our execution capabilities, realizing important wins in our strategy supporting our growth journey.

Profitable growth

To drive profitability, we are prioritizing profit before growth and have implemented several measures to improve profits. By the end of the quarter, we divested Ampilio to cut our losses and entered into a partnership with IdeaFix for our Digital Signage.

We are continually working to strengthening our financial management to secure that we operate as efficient as possible and have designed a course aiming at improving the financial skills of our employees.

Our sales Pipeline is increasing, and I am thrilled that we in the period also managed through targeted efforts to increase the number of prospects in all our operating companies and that our SaaS revenue is increasing.

Going forward we will implement our marketing and communications strategy and launch our new web to support our revenue growth. Further we aim to conclude a strengthening of our commercial resources.

Nordics as our home market

All our operating companies have traditionally focused on their own domestic market as their home market, hence despite having a global ambition, our focus is currently expanding our products in the Nordics. During the foregone quarter we took important steps in this area and the work will continue. It’s our ambition that all our “House of PRISM” products should be available in the Nordics by end of Q3.

Partnerships

We will continue to rely on partnerships for strengthening our value propositions and our distribution. In addition, we plan to fuel our market reach with an own sales organization as well.

All partnerships are crucial to us, I am really happy that we during the last quarter expanded our partnerships to include both Pengvin AB, IdeaFix OY and Ampilio AB.

Going forward we will continue to nurture our partnerships, expanding those geographically and create new partnerships where opportunity arises.

Our ownership in Eniro and Observit AB

Today Eniro announced an efficiency program that is expected to generate SEK 60-80 million in annual efficiency gains upon full implementation. This will be mainly achieved by working much more efficiently and more automatically with new tools in AI. I am happy that SpectrumOne is the main owner of a modern company embracing the latest technology to develop further.

As for Observit AB, the preparation for the listing is in its final stage.

Yours sincerely

Kenneth Dalquist Valbøll

CEO

SpectrumOne AB

The home of Prism

For further information contact:

Kenneth Dalquist Valböll CEO
+47 99283 500, 
[email protected]

Certified Adviser:
Aktieinvest FK AB (556072-2596) 
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
[email protected] 
www.aktieinvest.se

SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on May 5, 2023 at 8.30 a.m. CET.

This report is to be found on our webpage (https://spectrumone.com/investor/reports-and-presentations/)

About SpectrumOne AB
SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOne´s headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Norway, Finland, Belgium and Spain.  SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm.

www.spectrumone.com