First quarter in summary
- Net revenue amounted to
SEK 21.4 (22.1) million, a decrease of 3% compared with the corresponding quarter the year before. - EBITDA amounted to
SEK -1.8 (-5.3) million. - Cash and cash equivalents amounted to
SEK 7.0 (15.0) million. - Equity amounted to
SEK 137.0 (193.8) million.
Significant events during the first quarter
ZignSec has launched an AI-enabled solution to analyze and monitor merchant websites, a key part of regulatory onboarding for acquiring banks and PSPs.
- The MyConnect platform, our partnership with
Schufa , has launched several banks and a large credit comparison platform in production in the first quarter of 2024.
Significant events after the end of the first quarter
ZignSec has signed a customer agreement with a leading Nordic-Baltic banking group for the use of solutions that streamline the onboarding process for new merchants and monitoring of existing clients, with a focus on the Baltics.
- The Company's Board of Directors has initiated a process to evaluate
ZignSec 's potential strategic options to maximize shareholder value.
- The Board has resolved to carry out a rights issue of approximately
SEK 33.5 million before issue costs, which has been secured to approximately 75 percent, through subscription commitments and underwriting commitments.
A comment from the CEO Glenn Mac Donald:
During the first quarter
We continue to focus on technology development and product innovations, such as the launch of our AI-enabled web crawling and fraud analytics tools. Expansion into emerging markets and successful partnerships demonstrate the company's commitment to global reach.
For more information, please contact:
Tel: + 31 647192622
glenn.macdonald@zignsec.com
ABOUT ZIGNSEC GROUP
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