My Beat (MYBEAT) Investor Update summary

Business expansion and product development

• Launched a new security services business area, complementing telecom and power offerings with cross-sell and upsell opportunities for customers seeking savings and quality service.

• Security service launch is in a pre-full-launch phase, with strong customer interest and a solid pipeline developed through initial cross-selling efforts.

Financial reporting and accounting changes

• Adjusted accounting principles for one-time revenues, resulting in estimated write-downs of SEK 1 million and delayed financial reporting to ensure accuracy.

• Transition to new accounting will free up staff for sales activities and improve internal performance tracking and external communication.

• Preliminary results for May, June, and July will be published with the Q1 presentation in September, maintaining transparency during the transition.

Growth drivers and profitability

• Achieved over 100% revenue growth and a 314% gross margin in Q4, driven by essential service offerings and a large addressable market.

• Positive EBITDA for two consecutive months and a sales record in April, with profitability supported by scaling customer base and system harmonization.

• One-time costs incurred for system migration are expected to enhance future profits and liquidity.