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 ABSpectrumOne 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 periodSpectrumOne's subsidiary, Cemron OY, enters into partner agreement with Ideafix Group
SpectrumOne's subsidiary, Cemron OY, enters into partner agreement withIdeafix Group
*including revenues from the now divested companies
**including the loss amounting to
***including share of earnings from our associated company
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 "
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
Going forward we will continue to nurture our partnerships, expanding those geographically and create new partnerships where opportunity arises.
Our ownership in
Today
As for
Yours sincerely
Kenneth Dalquist Valbøll
CEO
The home of Prism
For further information contact:
Kenneth Dalquist Valböll CEO
+47 99283 500,
kenneth@spectrumone.com
Certified Adviser:
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
ca@aktieinvest.se
www.aktieinvest.se
This report is to be found on our webpage (https://spectrumone.com/investor/reports-and-presentations/)
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