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Interim Report January - September 2021

Added 10-22-21 03:04:02am EST - “G” - Finance.yahoo.com

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Posted By TheNewsCommenter: From Finance.yahoo.com: “Interim Report January - September 2021”. Below is an excerpt from the article.

Net sales amounted to SEK 30.9 (15.2) million, which is an increase of 103% compared to the corresponding period previous year, of which 35% was organic growth.

Operating loss totaled SEK -46.8 (-12.8) million. The acquisition of Affectiva contributes to SEK -11.2 million of the operating result. Depreciation of the surplus value created in conjunction with the Affectiva acquisition amounts to SEK 18.6 million.

In July, four design wins were obtained from a global North American OEM. The order is for four new car models on an existing platform with an estimated order value of SEK 100 million, and 1st of October an additional design win with an existing Japanese customer was communicated. Estimated order value SEK 25 million.

Net sales amounted to SEK 66.0 (46.8) million, which is an increase of 41% compared to the corresponding period previous year, of which 19% was organic growth

In May the company entered into an agreement to acquire Affectiva, a Boston based Emotion AI company, for a consideration of USD 73.5 million. In conjunction with the acquisition a directed share issue of SEK 275 million were completed.

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