Financials

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Five Year Summary^²
SEK millions (if not defined differently Earnings continued operations¹ Net sales per business area	2022	2021	2020	2019	2018
Media Networks	475.1	380.7	332.1	377.8	375.1
Resource Optimization	-	15.1	66.9	70.8	74.4
Streaming Solutions	-	-	-0.4	9.5	2.1
Discontinued operations	-	-15.1	-66.5	-80.3	-2.1
Net sales	475.1	380.7	332.1	377.8	449.5
Gross earnings	297.7	228.4	202.2	243.2	273.0
Operating expenses	234.2	209.1	202.5	224.8	270.5
Total development expenditure	139.0	109.4	106.4	85.2	140.3
EBITDA	122.7	84.5	31.5	63.9	59.2
EBITDA-2	35.1	28.1	-19.0	26.6	13.5
Operating earnings	60.5	26.8	-15.3	15.4	-34.1
Profit/loss before tax	68.9	28.7	-20.0	14.3	-32.7
Net income	54.0	23.8	-14.7	20.8	-25.9
Balance sheet and cash flow including discontinued operations
Cash and cash equivalents	308.3	354.9	283.2	52.3	92.9
Working capital	76.5	73.1	57.8	46.8	42.8
Total cash flow	-47.0	71.0	232.6	-41.2	-85.5
The share
Dividend per share, SEK	-	-	-	-	-
Earnings per share, basic continued operations, SEK	0.15	0.06	-0.04	0.05	-0.07
Earnings per share, diluted continued operations, SEK	0.15	0.06	-0.04	0.05	-0.07
Earnings per share, basic discontinued operations, SEK	-	-0.10	0.66	-0.14	-0.08
Earnings per share, diluted discontinued operations, SEK	-	-0.10	0.66	-0.14	-0.08
Earnings per share including discontinued operations, basic, SEK	0.15	-0.03	0.62	-0.08	-0.15
Earnings per share including discontinued operations, diluted, SEK	0	(0)	1	(0)	(0)
Cash flow per share, basic, SEK	(0)	0	1	(0)	(0)
Cash flow per share, diluted, SEK	(0.13)	0.18	0.61	(0.11)	(0.22)
Equity per share basic , SEK	1.65	1.69	1.81	1.21	1.29
Equity per share diluted, SEK	1.63	1.68	1.81	1.21	1.29
Average number of outstanding shares basic, thousands	3,67,083	3,82,162	3,82,758	3,82,812	3,83,478
Average number of outstanding shares diluted, thousands	3,70,840	3,84,174	3,82,758	3,82,812	3,83,478
Number of outstanding shares at the end of the period, basic, thousands	3,57,178	3,77,308	3,82,758	3,82,758	3,83,458
Number of outstanding shares at the end of the period, diluted, thousands	3,61,988	3,80,363	3,82,758	3,82,758	3,83,458
Share price at end of period, SEK	6.06	6.62	1.58	2.30	2.68
Employees and consultants continued operations
Average number of employees and consultants	176	154	152	135	202
KPI continued operations¹
Net sales YoY, change in %	24.8%	14.6%	-12.1%	0.7%	5.3%
Gross margin	62.7%	60.0%	60.9%	64.4%	60.7%
Total development expenditure/Net sales	29.2%	28.7%	32.0%	22.6%	31.1%
Operating margin	12.7%	7.0%	-4.6%	4.1%	-7.6%
EBITDA margin	25.8%	22.2%	9.5%	16.9%	13.2%
EBITDA-2	7.4%	7.4%	-5.7%	7.0%	3.0%
Net margin	11.4%	6.3%	-4.4%	5.5%	-5.8%
KPI Group including discontinued operations
Return on capital employed	8.9%	3.9%	-0.6%	-7.4%	-14.1%
Equity/asset ratio	71.6%	78.0%	80.3%	67.6%	76.0%
Return on equity	8.7%	-2.0%	36.0%	-6.6%	-14.4%
1) Separate reporting of discontinued operations has only been made for the years 2019-2021, thus previous years' figures also include the Streaming Solution and Resource Optimization business area.
2) During the transition to IFRS 16 in 2019, the comparison periods were not recalculated. The effects of the introduction of IFRS 16 are presented on pages 43–44 in the annual report for 2019.
For definitions and calculation, see pages 121-130 in the Annul Report 2022.

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CONSOLIDATED STATEMENT OF CASH FLOWS
SEK thousands	Jul-Sep 2023	Jul-Sep 2022	Jan-Sep 2023	Jan-Sep 2022	Oct 2022 - Sep 2023	Jan-Dec 2022
Ongoing activities
Profit/loss before tax	20,665	31,629	48,397	56,090	61,189	68,882
Income tax paid	-2,937	-208	-4,870	-1,098	-5,150	-1,378
Depreciation, amortization & impairment	18,588	16,535	54,855	46,630	70,382	62,157
Other items not affecting liquidity	3,744	-38	6,556	3,501	8,257	5,202
Changes in working capital	40,060	47,918	1,04,938	1,05,123	1,34,678	1,34,863
Increase-/decrease+ in inventories	-201	-5,772	-16,036	-24,800	-25,066	-33,830
Increase-/decrease+ in receivables	4,386	-18,267	-12,580	-28,758	5,003	-11,175
Increase+/decrease- in liabilities	-9,468	40	-14,224	32,080	12,667	58,971
Cash flow from operating activities	34,777	23,919	62,098	83,645	1,27,282	1,48,829
Investment activities
Capitalized expenditure	-18,832	-19,215	-68,895	-62,937	-93,531	-87,573
Investment in intangible assets	-	-	-	-302	-273	-575
Investment in tangible assets	-413	-504	-2,072	-2,098	-2,570	-2,596
Increase-/decrease+ in financial assets, net	-227	-101	-227	-101	-278	-152
Cash flow from investment activities	-19,472	-19,820	-71,194	-65,438	-96,652	-90,896
Financing activities
Amortization leasing	-2,556	-1,958	-7,601	-5,840	-9,964	-8,203
Exercised warrants	5,741	-	6,049	-	6,049	-
Warrant premiums paid	-	-	-	1,457	104	1,561
Repurchase of own shares	-22,129	-38,162	-35,235	-74,824	-58,747	-98,336
Cash flow from financing activities	-18,944	-40,120	-36,787	-79,207	-62,558	-1,04,978
Net change in cash and cash equivalents	-3,639	-36,021	-45,883	-61,000	-31,928	-47,045
Exchange differences in cash and cash equivalents	29	49	205	640	94	529
Cash and cash equivalents at the beginning of the period	2,66,279	3,30,475	3,08,347	3,54,863	2,94,503	3,54,863
Cash and cash equivalents at the end of the period	2,62,669	2,94,503	2,62,669	2,94,503	2,62,669	3,08,347

CONSOLIDATED BALANCE SHEET, IN SUMMARY
SEK thousands ASSETS	30 Sep 2023	30 Jun 2023	31 Dec 2022
Non-current assets
Capitalized expenditure for development	2,24,853	2,20,417	1,98,200
Goodwill	38,751	38,751	38,751
Other intangible assets	1,208	1,360	1,673
Right-of-use assets	25,869	28,339	32,129
Equipment	13,446	14,608	16,095
Deferred tax asset	2,717	2,576	3,719
Deposits	5,137	4,911	4,902
Total non-current assets	3,11,981	3,10,962	2,95,469
Current assets
Inventories	95,369	98,527	84,249
Accounts receivable	1,40,377	1,41,327	1,29,415
Other receivables	28,817	32,841	27,716
Cash and cash equivalents	2,62,669	2,66,279	3,08,347
Total current assets	5,27,232	5,38,974	5,49,727
TOTAL ASSETS	8,39,213	8,49,936	8,45,196
EQUITY AND LIABILITIES
Equity attributable to parent company's shareholders
Share capital	14,326	14,754	14,750
Other paid-in capita	11,98,689	11,93,031	11,92,727
Translation reserve	1,926	1,953	1,504
Accumulated deficit	- 6,01,121	- 5,95,682	- 6,03,892
Total shareholders' equity	6,13,820	6,14,056	6,05,089
Non-current liabilities
Lease liabilities	14,011	16,500	20,733
Other liabilities	59,136	53,335	61,307
Total non-current liabilities	73,147	69,835	82,040
Current liabilities
Lease liabilities	11,584	11,655	11,434
Accounts payable	38,355	23,864	35,899
Other liabilities	1,02,307	1,30,526	1,10,734
Total current liabilities	1,52,246	1,66,045	1,58,067
TOTAL EQUITY AND LIABILITIES	8,39,213	8,49,936	8,45,196

CHANGES IN CONSOLIDATED EQUITY, IN SUMMARY
Attributable to parent company's shareholders
SEK thousands	Share capital	Other paid-in capital	Translation reserve	Accumulated deficit	Total shareholders' equity
January 1, 2022	15,597	11,92,727	183	-5,61,979	6,46,528
Repurchase of own shares	-	-	-	-36,662	-36,662
Warrants issued	-	-	-	1,457	1,457
Total comprehensive income	-	-	1,018	19,935	20,953
September 30, 2022	15,597	11,92,727	1,201	-5,77,249	6,32,276
January 1, 2023	14,750	11,92,727	1,504	-6,03,892	6,05,089
Transfer of quota value upon cancellation of repurchased shares	-511	-	-	511	-
Exercised warrants	87	5,962	-	-	6,049
Repurchase of own shares	-	-	-	-35,235	-35,235
Total comprehensive income	-	-	422	37,495	37,917
September 30, 2023	14,326	11,98,689	1,926	-6,01,121	6,13,820

FINANCIAL INFORMATION
Earnings SEK millions (if not defined differently)	Jul-Sep 2023	Jul-Sep 2022	Jan-Sep 2023	Jan-Sep 2022	Oct 2022 - Sep 2023	Jan-Dec 2022
Net sales	144.0	130.3	396.9	350.1	521.9	475.1
Gross earnings	86.0	85.1	239.2	220.1	316.8	297.7
Operating expenses	64.7	57.1	194.0	172.5	255.7	234.2
Total development expenditure	31.2	31.5	105.3	101.4	142.9	139.0
EBITDA	38.2	43.8	96.3	93.9	125.0	122.7
EBITDAC	19.3	24.6	27.4	31.0	31.5	35.1
Operating earnings	19.6	27.3	41.5	47.3	54.7	60.5
Profit before tax	20.7	31.6	48.4	56.1	61.2	68.9
Net income	16.2	24.2	37.5	44.1	47.4	54.0
Balance sheet and cash flow
Cash and cash equivalents	262.7	294.5	262.7	294.5	262.7	308.3
Working capital	121.9	96.2	114.4	72.0	113.7	76.5
Total cash flow	-3.6	-36.0	-45.9	-61.0	-31.9	-47.0
The share
Dividend per share, SEK	-	-	-	-	-	-
Earnings per share, basic, SEK	0.05	0.07	0.11	0.12	0.13	0.15
Earnings per share, diluted, SEK	0.05	0.07	0.10	0.12	0.13	0.15
Cash flow per share, basic, SEK	-0.01	-0.10	-0.13	-0.17	-0.09	-0.13
Cash flow per share, diluted, SEK	-0.01	-0.10	-0.13	-0.16	-0.09	-0.13
Equity per share basic , SEK	1.74	1.69	1.73	1.67	1.74	1.65
Equity per share diluted, SEK	1.73	1.68	1.71	1.66	1.73	1.63
Average number of outstanding shares basic, thousands	3,52,826	3,65,605	3,54,831	3,69,582	3,56,034	3,67,083
Average number of outstanding shares diluted, thousands	3,54,746	3,69,538	3,59,318	3,73,076	3,59,688	3,70,840
Number of outstanding shares at the end of the period, basic, thousands	3,49,846	3,61,048	3,49,846	3,61,048	3,49,846	3,57,178
Number of outstanding shares at the end of the period, diluted, thousands	3,50,741	3,65,858	3,50,741	3,65,858	3,50,741	3,61,988
Share price at end of period, SEK	4.16	5.51	4.16	5.51	4.16	6.06
Employees and consultants
Average number of employees and consultants	194	177	190	173	189	176
KPI
Net sales YoY, change in %	10.5%	29.2%	13.4%	28.3%	14.0%	24.8%
Gross margin	59.7%	65.3%	60.3%	62.9%	60.7%	62.7%
Total development expenditure/Net sales	21.7%	24.2%	26.5%	29.0%	27.4%	29.2%
Operating margin	13.6%	20.9%	10.4%	13.5%	10.5%	12.7%
EBITDA margin	26.5%	33.6%	24.3%	26.8%	24.0%	25.8%
EBITDAC margin	13.4%	18.9%	6.9%	8.9%	6.0%	7.4%
Net margin	11.2%	18.6%	9.4%	12.6%	9.1%	11.4%
Return on capital employed	6.6%	7.5%	6.6%	7.4%	6.6%	8.9%
Equity/asset ratio	73.1%	74.8%	73.1%	74.8%	73.1%	71.6%
Return on equity	7.7%	7.4%	7.7%	7.4%	7.7%	8.7%
For definitions and calculations, see pages 16-20 in the Interim Report January-September 2023.

CONSOLIDATED INCOME STATEMENT, IN SUMMARY
SEK thousands	Jul-Sep 2023	Jul-Sep 2022	Jan-Sep 2023	Jan-Sep 2022	Oct 2022 - Sep 2023	Jan-Dec 2022
Net sales	1,43,986	1,30,265	3,96,894	3,50,101	5,21,911	4,75,118
Cost of sales	-57,966	-45,143	-1,57,658	-1,30,013	-2,05,099	-1,77,454
Gross earnings	86,021	85,122	2,39,237	2,20,088	3,16,813	2,97,664
Sales and marketing expenses	-37,795	-32,343	-1,11,795	-94,764	-1,47,052	-1,30,021
Administration expenses	-14,546	-12,504	-45,812	-39,308	-59,257	-52,753
Development expenses	-12,346	-12,293	-36,433	-38,457	-49,355	-51,379
Other operating income and expenses	-1,753	-725	-3,737	-251	-6,495	-3,009
Operating earnings	19,581	27,257	41,459	47,308	54,653	60,502
Net financial items	1,084	4,372	6,938	8,782	6,536	8,380
Profit before tax	20,665	31,629	48,397	56,090	61,189	68,882
Tax	-4,487	-7,419	-10,902	-11,945	-13,823	-14,866
Net Income	16,179	24,210	37,495	44,145	47,366	54,016
Net income for the period attributable to the shareholders of the parent company	16,179	24,210	37,495	44,145	47,366	54,016
Earnings per share, based on net income attributable to the parent company's shareholders during the period	Jul-Sep 2023	Jul-Sep 2022	Jan-Sep 2023	Jan-Sep 2022	Oct 2022 - Sep 2023	Jan-Dec 2022
Earnings per share
-Basic, SEK	0.05	0.07	0.11	0.12	0.13	0.15
-Diluted, SEK	0.05	0.07	0.10	0.12	0.13	0.15
Average number of outstanding shares in thousands
-Basic	3,52,826	3,65,605	3,54,831	3,69,582	3,56,034	3,67,083
-Diluted	3,54,746	3,69,538	3,59,318	3,73,076	3,59,688	3,70,840
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
SEK thousands	Jul-Sep 2023	Jul-Sep 2022	Jan-Sep 2023	Jan-Sep 2022	Oct 2022 - Sep 2023	Jan-Dec 2022
Net income	16,179	24,210	37,495	44,145	47,366	54,016
Other comprehensive income
Translation differences	-27	688	422	1,706	37	1,321
Total other comprehensive income, after tax	-27	688	422	1,706	37	1,321
Total other comprehensive income for the period	16152	24898	37917	45851	47403	55337
Total comprehensive income for the period attributable to the shareholders of the parent company	16152	24898	37917	45851	47403	55337

Financials

Five Year Summary²

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED BALANCE SHEET, IN SUMMARY

CHANGES IN CONSOLIDATED EQUITY, IN SUMMARY

FINANCIAL INFORMATION

CONSOLIDATED INCOME STATEMENT, IN SUMMARY

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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Five Year Summary^²