Interim report Q2, 2022

Second quarter

• Net sales amounted to SEK 21.8 (14.1) million
• EBITDA* amounted to SEK -0.4 (-1.5) million
• EBIT amounted to SEK –16.9 (-21.9) million  
• EBT amounted to SEK -20.0 (-23.8) million
• Earnings per share before dilutions amounted to -0,05 (-0.08)

Significant events during the reporting period

• Ampilio signs partnership agreement with Atlas Copco
• Google Digitalakademin has chosen to renew its collaboration with Ampilio, subsidiary of SpectrumOne
• Johan Holmberg appointed interim CEO of SpectrumOne AB
• Observit AB, a subsidiary of SpectrumOne, acquires the UK based companies Sitoc Ltd and Icanprove.it Ltd in order to become the leading fleet surveillance software company in Europe
• Siv Selva was elected as a new member of the Board

*including share of earnings from our associated company Eniro Group AB in depriciations and amortizations

CEO statement

Summer holidays has almost come to an end and most of our employees are back and working at full steam ahead to make this autumn a truly great one.

Hosni and Eniro

As a responsible and proactive main shareholder of our asset in Eniro we have now taken the first step of refining and simplifying the share structure of Eniro. As noticed when analyzing Eniro the past year we have been able ascertain that the pricing of and trading in Eniro’s various share series is made difficult by the complicated share structure - a serious disadvantage of the Company's shareholders. Now, the share structure does not allow access to the capital market for capital acquisition, it also prevents Eniro from participating in share-based structured transactions. Eniro cannot capitalize on the two most compelling reasons for being a listed company and is seriously hampered in its continued expansion by the current share structure. With a single share structure, we make sure Eniro gains the right conditions to be valued fairly to peers.

As noted in the press release distributed from Eniro we have noted that Eniro has developed positively over the past year. Based on this our assessment is that it would be highly beneficial for Eniro and all Eniro's shareholders to remove the lock-in effects that the current share structure entails and therefore we have proposed that the board call an extra general meeting for the presentation proposal for decision.

Having Hosni leading our most expensive assets gives us the greatest confidence that Eniro will be ready for the structural changes it needs to go through in order to make it a successful company again.

While Hosni is focusing on Eniro I have set sail to reach growth in Prism, our SaaS platform and overall profitability. Our data focused subsidiary of Cloud Explorers, Qbim and MyInfomonitor has continued to grow during the end of the quarter. However, the June result for our Marketing subsidiary Ampilio and Trigger reduced tempo around growth compared what we have seen in previous months. Having June burdening our quarterly figures is of course a setback but I am positive we will reach our overall long term objectives. 

We have already since the June result taken actions to be profitable, some already executed, while some is still in planning phase. We have seen a change in demand from our customers and we are streamlining our organization and offer so that we reach profitability. Due to the economic situation in our areas of operation and what is happening in the world we are prioritizing profit over growth. We can see a change toward the right direction and our focus for the autumn is continuously increased profitability. We have entered a new phase where the first step is to be profitable in every subsidiary and that all businesses have a positive cash flow. We have set the goal to reach this no later than the end of this year. I am positive that we will succeed in reaching our goals.

During the past months our team has worked hard to make sure that we now can provide a Prism that suits every need of our client in our portfolio. Our journey towards one SpectrumOne continues, and we have started to truly utilize our common strengths in our subsidiaries. However, we have not yet seen the full potential in the company, leaving exciting events to be announced.

We have a strong development team, and our different software, routines and way of working are now developed into one company offer. Our implementation team in IT are trained in our tools to make the implementation even faster. We are learning from our sales and Marketing team and developing our offers furthermore. We are emerging and using our tools to be even more competitive and meanwhile making sure we have started to cross sell and utilize our combined offer.  Additionally, we are signing up more partners and continue to invest in partner sales.

We have for instance also partnered with ERP ( Enterprise resource planning) and operating system providers that will help us market and sell our one-of-a-kind solutions. I am proud to say that we have a strong offer with our own and third-party solutions that are world class, unique and still extremely competitive.

Dividing our solutions in different parts and offers gives us an advantage towards the competition and makes it easier for the clients to choose SpectrumOne:

Data management

We help our customers to develop strategies and tools for their data collection, transformation, and storage. We build connections to all systems

Analyze

We help our customers understanding their own data, to predict what to come and to make accurate forecast in order to take data driven and efficient business decisions

Visualize

We are turning data into smart visualizations usable by business users. It's a fast way to get started and ready to be shared across organizations. With the right data visualized our customers will be able to make the right decision

Segmentation

Schedule data extracts of chosen segments to target selected audience in the preferred channel without any delay.

Data Broadcasting

We help our customers to effectively reach out with insights and information to the right recipient through visualized data. Thanks to the features in our software, we make this possible.

Real Time data

Put your business goals into action across the whole organization with the ultra - visual solution with real time information.

We are growing – together with clients and partners

I am proud to say that we, now more than ever, see an organic growth in Prism and our SaaS offer. During the last couple of months, we have continued to sign new clients followed by a steady growth in recurring revenue. Our existing customers are also continuing to increase their current business with us, a great proof of our customer value delivered and us being eligible to take more of the accessible market in our clients´ budgets.

I am very motivated to see where we are going in the near future.

The story of Trafikportalen and Observit

Being able to cultivate the untapped potential we once saw in Trafikportalen have taken us to the stage where we now have acquired Observit, merged the two assets and distributed them to our shareholders. In the process for the company to be listed and publicly traded we can look back at the success we made in less than a year. Seeing the different assets the company of SpectrumOne holds I don’t find it unreasonable or even unlikely for SpectrumOne to spin off additional assets and make the same journey as in Trafikportalen. Having said that I am committed to make sure we do all that we can to extract and distribute every asset in the company not being part of our core.

Continually annual profitable growth

It’s never easy to predict where the market is going. However  I am fairly convinced our decisions and actions taken are leading us to come out stronger and to face the market  in a position where we can be the leading software provider within data analysis and data management. The past quarter we made sure we are fully equipped to further strengthen our financials. Several costs has been taken to speed up and tighten the organisation fit for the profitable company we want to be.

I am looking forward to an exciting autumn!

STOCKHOLM, AUGUST 2022
JOHAN HOLMBERG
CEO

For further information contact:
Johan Holmberg , CEO
+46 72 897150 31 
johan@spectrumone.com

Certified Adviser:
Aktieinvest FK AB (556072-2596) 
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
ca@aktieinvest.se 
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 August 18, 2022 at 08.30 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