As mentioned in the Q2 report, we’ve been involved in a complex renegotiation of a major customer contract. We exhausted every opportunity to find a settlement on viable and mutually beneficial commercial terms, unfortunately without finding a solution that protects our interests. We have therefore taken decisive action to safeguard the company’s rights and submitted a lawsuit for breach of contract totaling approximately NOK 182 million and we are in the process of filing a lawsuit for IP infringements.

I am delighted to partner with IRU to promote smart driving, alongside AMAK at COP29. Here at the FIA, we know how important it is to tackle road emissions and encourage safer and more sustainable driving behavior, particularly during large-scale events like COP29. This initiative is part of the FIA’s wider commitment to create a more sustainable and inclusive future for mobility users worldwide.

We’re so proud that, for the second consecutive year, our risk intelligence into climate impact is being used at the world’s largest climate change conference to accelerate the urgent action required to drive down global emissions. As the global standard in measuring safe, sustainable driving, our technology enables organizations like the FIA to take a leading role in fighting climate change.

Demand for ESG transparency, action and reporting is in higher demand than ever and it’s critical for fleets to access reliable driver safety and sustainability data. We’re proud to be the first in the Australian insurance industry to deliver a seamless ESG solution for fleets, making it easier to track and report on ESG impact from a mobility perspective.

Fuse Fleet is based on data analytics and technological innovation so it’s no surprise to see them become pioneers within the Australian insurance industry in terms of ESG reporting. With this new solution, Fuse Fleet takes a leading role in helping companies across the country to lower their carbon footprint and improve driver safety, all while accessing better insurance pricing.

We continue our journey of profitable growth, with a net sales of 12.2 MSEK, an increase of 123% from Q2 2023 and with an operating result of +0.1 MSEK, an increase of 10 MSEK from this time last year. Our cost saving efforts have successfully reduced operating costs by 25% from last year, down to 14 MSEK and a reduction of approximately 1 MSEK from Q1 2024. The results of these efficiency initiatives will continue to be reflected over the coming periods.

I am delighted to launch this year’s mini Smart Driving Challenge. I hope that drivers from around the world will get involved, and join us in celebrating 120 Years of Innovation here at the FIA.

We’re thrilled to be joining the FIA to celebrate this important anniversary. And what better way to mark 120 years of innovation than with this mini Smart Driving Challenge! It’s a fantastic opportunity for any driver the world over to start decreasing their emissions in an enjoyable, engaging way. Let’s all work together to make a difference!

Greater Than had a strong start to 2024, with Q1 as our tenth consecutive quarter of growth, and an increased revenue of 121% from this time last year. With current trajectory we are extending our cash runway to the later part of 2025. The profitable growth is enabled by healthy unit economics, as gross margins exceed 83% for the quarter and operating results improve by MSEK 11 vs Q1 2023.

At the FIA, we know that there is no single route to sustainable mobility. The FIA Smart Driving Challenge is just one part of our wider efforts to decarbonize road transport, and empower individual drivers to make a positive impact on their local and global communities.

We’re so proud to be involved with the FIA SDC for the sixth consecutive season, helping to raise awareness among drivers globally of how their driving attitude influences safety and sustainability. To date, engagement in the FIA SDC has been so inspiring, and it was incredible to see a high level of interest in the technology by prominent figures in the world of climate action at COP28.

This is such an exciting milestone for the Greater Than team! Twenty years of hard work, passion, and extensive training has resulted in an AI unlike anything else on the market. While many other AI companies are still in the early stages, our AI is so mature that it now requires minimal data points to generate quality outputs, ensuring a reliable, cost-effective solution for companies globally wishing to measure, mitigate or report on driver risk or climate impact.

CSRD is a pivotal regulation in ESG reporting, in that it standardizes the environmental and social information that companies must report on, and broadens the scope of companies required to report. Our ESG compliance package provides a comprehensive solution that uses the power of AI to enable companies anywhere in the world to measure, act, and report on their mobility impact using only their existing data.

Greater Than enables organizations to ‘see the future’ today and, with that, we’re proud that our globally recognized AI is supporting our stakeholders to launch their own solutions that predict companies’ impact on the planet. Reducing negative climate and societal activity has never been so important for businesses, and we’re committed to empowering our customers with AI-driven insights to fulfil the mobility aspect of global ESG reporting requirements and accelerate positive change.

At Fuse Fleet, we’re passionate about helping organizations get the most out of their driving data to reduce traffic accidents and accurately price insurance premiums. Now, fleets can easily evaluate the benefits of connected technology simply by downloading an app and putting it to the test.

We’re proud that Fuse Fleet is innovating to reach a wider customer base with its digital insurance offer. The new Fuse Fleet app makes it so easy for fleets of any size, with any vehicles, to start exploring the benefits of connected technology for safety and insurance purposes, with no long-term commitment.

As well as Q4 being our ninth consecutive quarter of growth, net sales for the fourth quarter of 2023 increased by 112% compared to the same period last year. With a gross margin at 82%, up from 80% last quarter, I look back at 2023 and what the team has accomplished with pleasure.

On the eve of COP28, the FIA Smart Driving Challenge final is a keen reminder of the importance of user engagement in our journey to make mobility more sustainable. As a Federation, we have long advocated for wide-ranging technological and consumer solutions helping everyone to get inspired and engaged for cleaner and safer roads. We are proud to be leading the charge here today. I would like to thank our Member EMSO for hosting this final and making it a success. Congratulations to our winner and I look forward to another season next year.”

I’ve enjoyed competing in the FIA Smart Driving Challenge, and taking victory is just the cherry on the cake. Over the course of the season, it’s been rewarding to see myself become a more environmentally friendly, safer, and more considerate driver.

Announcing the winner of the FIA SDC is always so exciting and demonstrates that drivers the world over are passionate about improving their driving skills to make a measurable difference to the planet. We’re proud to work with the FIA to help reduce environmental impact from transport today by inspiring behavioral change at the individual driver level.”

We’re set to see radical change in 2024 as mandatory ESG reporting regulations come into play for more companies, and the management of value chain emissions becomes a critical focus for some of the world’s largest organizations. Don’t panic! We take away the pain and administrative burden of reporting by converting your Mentor driving data into a comprehensive ESG report to meet the needs of all stakeholders while taking your organization’s culture of safety and sustainability to another level.

We’re so proud of eDriving for elevating their role in safety and sustainability management to help fleets get to grips with ESG reporting requirements. Globally, more fleets will be seeking a solution that enables them to fulfil legislation, meet the pressures of stakeholders, demonstrate their sustainable commitments, and win potential new deals – eDriving have just launched that solution.

Bringing the Drive Change Today - FIA Smart Driving Challenge to COP28 is an important milestone for us and a testament to our commitment to sustainable mobility. We believe that grassroots initiatives, especially when they rely on the best technological breakthroughs, are integral in delivering transformative solutions to climate change. By encouraging drivers to make small changes to their everyday lives, we can build a better, more sustainable future for the planet and for the road users we represent.

The role that technological innovation plays in achieving a sustainable future cannot be understated. We feel passionately about utilizing advances, such as AI, to empower drivers with meaningful and impactful insights, that in turn help the environment. The FIA Smart Driving Challenge steps this up a gear, encouraging smarter, cleaner, and safer driving behavior. We’re excited to showcase the challenge at COP28, and hopefully inspire more drivers to get on the road to net zero.

Fair Car Insurance has arrived to provide a completely new insurance offering by utilizing predictive driving behavior for customer beneficial risk segmentation, transparent pricing, individualized insight and crash mitigation for improved road safety.

Fair car insurance is born because we believe that car insurance can become better, so much better! In line with our name, our mission is to simplify car insurance for business owners. And, thanks to our data-driven insights, we can create customized offers for all our potential customers.

We’re proud that our driver scores give Fair a deep understanding of risk and have facilitated the launch of an entirely new insurance offer.

We’re thrilled that we’ve been able to help Fair modernize solutions that meet new demands from customers. Combining this with rewarding safe and environmentally friendly driving makes this solution a game changer.

With ESG reporting pressures on businesses continuously increasing, demand is growing for quality driver safety and sustainability data. This inclusion is testament to our commitment to deliver valuable driver impact insights that help organizations globally manage, report, and act on, their environmental and social impact.

Pressures are only going to increase for financial institutions, and greenwashing will bring financial and reputational damage. The ESGFinTech100 roster helps senior management to identify the ESG tech companies that are leading the pack.

This is our eight consecutive quarter of growth. With increased revenue, an expanded customer base, and reduced costs, we are heading for profitability. Our gross margin now stands at 80%, an increase from 75% in Q2, which places us firmly at the higher end of the best practice benchmark for Software-as-a-Service (SaaS) companies.

We’re entering a new wave of digitalization and insurance firms need to be prepared. The InsurTech100 will help top-level insurance executives in discerning the tech pioneers revolutionizing key areas like underwriting, pricing, distribution, and data analytics.

The insurance industry is a real hive of activity, with so many exciting developments, particularly around technology. Of course, there are challenges for companies to overcome and we’re proud that our AI is helping insurers to accelerate digital transformation whilst putting safety and sustainability center stage.

Thanks to data, we have a deep understanding of our customers and their insurance needs and we’re excited to work with these incredible organizations to develop a new insurance solution that’s unlike anything currently on the market.

This new partnership with ABAX and Greater Than is the perfect fit for us as we are committed to delivering digital insurance that is cost effective, as well as encouraging not only safer driving but also ultimately reducing the impact on the environment.

We’ve already seen ABAX make a real impact in telematics insurance and we’re excited to be working with ABAX and Eir on an entirely new insurance offer.

Our collaboration with Greater Than allows customers to leverage their fleet data from Geotab to proactively identify the probability of collisions, creating an opportunity for risk remediation and potentially avoiding injury, vehicle downtime and additional costs.

Our partnership with Geotab ensures the successful, seamless integration of new crash probability insights to a wider customer base, providing fleets and insurance companies globally with intelligence that delivers multiple business benefits and demonstrates a commitment to road safety, supporting important ESG efforts.

Effective market processing, in-demand services and satisfied customers contribute to Greater Than continuing on track with seven consecutive quarters of growth. In addition, our focus on cost-effective growth is reflected in greatly improved gross margins and, compared to the last report, an extended runway to the end of 2024.

Claudia van der Salm has an impressive background working within AI, data analytics, and insurance for the betterment of society. Her experience of building empowered teams and helping businesses and individuals to excel will bring exceptional value to the company as we continue to grow internationally.

We’re excited to offer seamless access to Greater Than’s crash probability and climate impact scores to create even more value for our platform and help our customers make profitable decisions based on data-driven predictions.

Being able to predict crashes and loss costs before they happen, as well as the climate impact of an entire motor portfolio, is transformational for insurers. We’re delighted to collaborate with Duck Creek and provide the ability to integrate the AI that delivers this intelligence into Duck Creek’s industry-leading platforms.

Financial institutions will need to explore how they can leverage the latest AI and data analytics technology, or they risk being left behind by competition. The new AIFinTech100 list gives senior decision-makers the knowledge of the best vendors in the market and those leading the charge on innovation.

With so much activity and competition in the AI space I’m really proud that Greater Than has been selected as one of the world’s top 100 innovative providers of AI that can help address some of the most pressing challenges in the financial sector,

We are absolutely thrilled to see our customers embracing this new offering so quickly, with deployments of EcoDrive already beginning around the world. Our health- and safety-minded customers are keen to take ownership of their climate impact and contribute to their organizations’ ESG initiatives by quantifying and reporting on their sustainability efforts,

We are delighted to provide the AI analysis to power this exciting feature in Mentor by eDriving. It’s becoming more important, mandatory in some cases, for companies to measure and report on their ESG activities. And, of course, it’s also about doing the right thing for the planet. We’re proud that our technology empowers eDriving’s customers with previously unseen climate impact insights to help them elevate their eco efforts,

At ABAX we’re passionate about doing all we can to contribute to a more sustainable world and that includes helping our customers to manage their own impact on the environment and prepare for new regulations and reporting standards,

We’re so proud that our partner ABAX is using Greater Than’s AI to lead the way in sustainability management and reporting for fleets. By empowering their fleet customers to take greater control of climate impact and get ahead of reporting requirements, ABAX are taking fleet ESG and sustainability management to another level.

It thrills me to report that Greater Than is in a position that it has never been in before. We have grown for the last six consecutive quarters and I am positive this trend will continue. We are firmly placed on a growth track with solid cost control.

At the FIA, we promote access to safe, sustainable and inclusive mobility as a right for all. The FIA SDC is an important initiative as it supports this commitment globally by empowering everyday drivers to take greater control over their impact on safety and the environment when at the wheel,