Reported Earnings • May 29
First quarter 2026 earnings released: kr0.10 loss per share (vs kr0.48 loss in 1Q 2025) First quarter 2026 results: kr0.10 loss per share (improved from kr0.48 loss in 1Q 2025). Revenue: kr25.7m (up 8.9% from 1Q 2025). Net loss: kr38.4m (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director Inna Kaushan is the most experienced director on the board, commencing their role in 2024. Independent Director Bjorn Eilertsen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • May 19
Irisity AB (publ), Annual General Meeting, Jun 18, 2026 Irisity AB (publ), Annual General Meeting, Jun 18, 2026, at 15:00 W. Europe Standard Time. Location: company premises, at lindholmspiren 7c in gothenburg, gothenburg Sweden Announcement • Dec 05
Irisity AB Announces Formation of Independent Bid Committee and Changes in Board Committee Composition Irisity AB has, within the Board of Directors, appointed an independent bid committee, which will handle matters relating to the Offer. The independent bid committee consists of the independent board member Bjørn Skou Eilertsen. Inna Kaushan is a member of the Board of Directors of Irisity and Chairman of the Board of Directors of Stockhorn. She is also a partner in Stockhorn and has Board assignments in most of the companies in which Stockhorn has invested. Lucas de Mendoza is Chairman of the Board of Directors of Irisity and Senior Advisor to Stockhorn. Neither Inna Kaushan nor Lucas de Mendoza have participated in, and will not participate in, Irisity’s decisions regarding or the handling of matters relating to the Offer. The Independent Bid Committee therefore does not consist of a sufficient number of Board members to constitute a quorum but will comply with the Swedish Stock Market Self-Regulation Committee’s Takeover Rules for certain trading platforms. Announcement • Nov 21
Irisity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 26.058914 million. Irisity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 26.058914 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 217,157,616
Price\Range: SEK 0.12
Transaction Features: Rights Offering Announcement • Sep 27
Irisity AB (Publ) Announces CEO Changes Irisity AB (publ) announced that the Board of Directors has unanimously resolved to relieve Mr. Keven Marier of his duties as Chief Executive Officer, effective immediately. The Board has simultaneously appointed Gustav Zaar, the Company's Chief Financial Officer, as Interim CEO to ensure strong leadership continuity and effective oversight of the ongoing transformation program. Gustav Zaar brings over 17 years of experience in key finance leadership roles, including 6 years as CFO at Hansen and Lin Education, 7 years of experience in Business Controlling, and 4 years within audit at PwC. During his career, Gustav Zaar has gained extensive experience working with both small and large publicly listed companies, showcasing his ability to drive financial growth and operational efficiency. He holds a master's degree from School of Business, Economics and Law at University of Gothenburg. The Board also confirmed that it will initiate the search for a permanent Chief Executive Officer once the transition period is completed in 2026. Mr. Marier will remain available to advise and support the Board during the coming months, although he will step down immediately from all executive functions. Announcement • Sep 18
Irisity AB (publ) Announces Executive Changes Irisity AB (publ) announced simplification plan with the promotion of Victor Hagelbäck as Group CTO and responsible for all of Irisity's AI technology platforms and R&D operations. Victor Hagelbäck, Irisity's Chief Growth Officer, is promoted to Irisity's Group CTO and will be leading both Gothenburg and Budapest R&D operations. He has been part of Irisity's leadership team for since 2012, where he was Irisity's CTO from 2012 to 2019. Victor has Master of Science from Chalmers University of Technology and has been with Irisity for 16 years, serving in all key R&D leadership roles, including COO, CPO, and currently CGO. This promotion is part of Irisity's simplification plans and will further streamline the company's R&D operations. Zvika Ashani, co-founder of Agent Video Intelligence and Irisity Group CTO, will start a six-month handover process, ensuring a successful consolidation of the R&D operations from Tel Aviv to Gothenburg, Sweden. In addition, György Balogh, co-founder of Ultinous and currently Irisity Chief Product Officer, has decided to leave Irisity. György will start a three-month handover process to Victor and Attila Megyesi, VP of Engineering, Budapest. Starting in January 2026, György will serve as a strategic advisor supporting the continued productization of Generative AI capabilities within Irisity's AI technology platforms. Announcement • Jun 30
Irisity AB (Publ) Appoints Lucas De Mendoza as Chairman of the Board of Directors Irisity AB (publ) announced at the AGM held on June 30, 2025, approved Lucas de Mendoza was elected as new Chairman of the Board of Directors. Announcement • May 29
Irisity AB (publ), Annual General Meeting, Jun 30, 2025 Irisity AB (publ), Annual General Meeting, Jun 30, 2025, at 15:00 W. Europe Standard Time. Location: at the companys premises, at lindholmspiren 7c, gothenburg, Sweden Announcement • Apr 17
Irisity AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 21.099857 million. Irisity AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 21.099857 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 52,749,643
Price\Range: SEK 0.4
Transaction Features: Rights Offering Announcement • Mar 29
Irisity AB (publ) Announces CFO Changes Irisity AB (publ) announced that Katarina Priou will conclude her role as Interim CFO on March 28, 2025. Katarina has served as a consultant and interim CFO since November 2024, successfully bridging the transition following the departure of former CFO Anna Forsberg until the arrival of Gustav Zaar, join in April. During the short interim period between Katarina's departure and Gustav's start, Victor Hagelbäck, Irisity's Chief Growth Officer, will assume the role of Interim CFO. He has been part of Irisity's leadership team for since 2012 and part of the company since 2008 and has a Master of Science from Chalmers University of Technology. Victor brings a strong understanding of Irisity's operations and strategic direction, ensuring continued financial leadership and operational continuity. Announcement • Dec 14
Irisity AB (Publ) Announces CFO Changes Irisity AB (publ) announced the appointment of Katarina Priou as Interim Chief Financial Officer (CFO), effective immediately. Katarina brings extensive experience in financial strategy, fvaeadership, and business development. With a proven track record in financial management across various industries, Katarina has held senior finance roles in both listed and private companies. Katarina holds a master's degree in languages from the University of Gothenburg as well as a master's degree from the School of Business, Economics and Law at the University of Gothenburg. As communicated on November 1, an interim CFO was sought to ensure a smooth transition and maintain stability before the permanent CFO assumes the position. Katarina will serve in this capacity until Gustav Zaar, currently CFO for the CWS Business area at Foxway Group, joins Irisity. Gustav is expected to take on the CFO role no later than April 17, 2025. Announcement • Nov 29
Irisity AB (publ) has completed a Composite Units Offering. Irisity AB (publ) has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 6,722,994
Price\Range: SEK 8.4
Transaction Features: Rights Offering Reported Earnings • Nov 04
Third quarter 2024 earnings released: kr0.68 loss per share (vs kr0.78 loss in 3Q 2023) Third quarter 2024 results: kr0.68 loss per share. Revenue: kr35.6m (down 15% from 3Q 2023). Net loss: kr45.5m (loss widened 42% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Announcement • Nov 01
Irisity AB (Publ) Announces Chief Financial Officer Changes Irisity AB (publ) announced strengthens its executive management team through the recruitment of Gustav Zaar as Chief Financial Officer, CFO. Gustav Zaar currently holds the position as CFO for CWS Business area at Foxway Group and will join Irisity by latest April 17, 2025. Anna Forsberg who has served as Interim CFO since September 2023 and will be leaving the company at the end of 2024. A new interim CFO search has begun and will be utilized for any time gap between Anna Forsberg's departure and Gustav Zaar's start date. Gustav Zaar brings over 17 years of experience in key finance leadership roles, including 6 years as CFO at Hansen and Lin Education, 7 years of experience in Business Controlling, and 4 years within audit at PwC. During his career, Gustav Zaar has gained extensive experience working with both small and large publicly listed companies, showcasing his ability to drive financial growth and operational efficiency. He holds a master's degree from School of Business, Economics and Law at University of Gothenburg. Gustav Zaar will lead all financial operations, including strategic financial planning, budgeting, and investor relations, to support the continued growth and success of the Irisity group. New Risk • Oct 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.12m (US$8.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr79m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Market cap is less than US$10m (€8.12m market cap, or US$8.98m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr117m net loss in 2 years). New Risk • Aug 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr79m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr117m net loss in 2 years). Market cap is less than US$100m (€15.8m market cap, or US$17.5m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: kr0.78 loss per share (vs kr0.75 loss in 2Q 2023) Second quarter 2024 results: kr0.78 loss per share (further deteriorated from kr0.75 loss in 2Q 2023). Revenue: kr37.1m (up 1.8% from 2Q 2023). Net loss: kr40.7m (loss widened 43% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. New Risk • Jul 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr76m free cash flow). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€19.9m market cap, or US$21.3m). Announcement • May 31
Irisity AB (publ) Announces Board Changes Irisity AB (publ) at its AGM held on 30 May 2024 elected Bjørn Skou Eilertsen, Lucas de Mendoza and Inna Kaushan as new board members. Bjørn Skou Eilertsen was elected new chairman of the board of directors. Announcement • Apr 27
Marcus Bäcklund Declines Re-Election as Board Member of Irisity AB (Publ) Irisity AB (publ) announced that Marcus Bäcklund has declined re-election as board member at annual general meeting to be held on May 30, 2024. New Risk • Mar 22
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr43m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€17.2m market cap, or US$18.6m). Reported Earnings • Mar 03
Full year 2023 earnings released: kr3.28 loss per share (vs kr3.58 loss in FY 2022) Full year 2023 results: kr3.28 loss per share (improved from kr3.58 loss in FY 2022). Revenue: kr152.8m (up 36% from FY 2022). Net loss: kr132.5m (loss narrowed 3.2% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 60% per year. Announcement • Feb 29
Irisity AB (publ) (OM:IRIS) agreed to acquire Ultinous Ltd. for SEK 45 million. Irisity AB (publ) (OM:IRIS) agreed to acquire Ultinous Ltd. for SEK 45 million on February 28, 2024.The purchase price for all Ultinous shares is intended to be paid by way of the In-kind Issue consisting of 9 million new shares in Irisity at a subscription price of SEK 5.00 per share. The subscription price has been set after arm’s length negotiations with the sellers of Ultinous, and it is the board of directors' assessment that the subscription price, corresponding to a premium of approximately 17.9% against the closing price of Irisity’s shares on Nasdaq First North Growth Market on February 28, 2024, is on market terms and conditions. The reason for deviating from the shareholders preferential rights is that a prerequisite for Irisity to be able to complete the acquisition of Ultinous is that the Company pays the purchase price by issuing its own shares to the sellers of Ultinous. In conjunction with the Acquisition, and as part of the term sheet, Stockhorn Capital AB will invest SEK 45 million in Irisity through a directed share issue on the same terms as in the In-kind Issue, i.e., SEK 5.00 per share. The Acquisition, the In-Kind Issue, and the Directed Issue are subject to national FDI Regulation requiring approval from Swedish and Hungarian authorities. Notice convening the extraordinary general meeting to authorize the board of Irisity on the In-kind Issue and the Directed Issue will be published separately. Penser by Carnegie Investment Bank AB (publ) and Advokatfirman Vinge KB as financial and legal advisers to Irisity AB (publ) (OM:IRIS) in connection with the transaction. Reported Earnings • Nov 17
Third quarter 2023 earnings released: kr0.82 loss per share (vs kr1.06 loss in 3Q 2022) Third quarter 2023 results: kr0.82 loss per share (improved from kr1.06 loss in 3Q 2022). Revenue: kr43.9m (up 155% from 3Q 2022). Net loss: kr32.1m (loss narrowed 21% from 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 19 percentage points per year, which is a significant difference in performance. Announcement • Nov 11
Irisity AB (publ), Annual General Meeting, Apr 23, 2024 Irisity AB (publ), Annual General Meeting, Apr 23, 2024. Announcement • Nov 10
Irisity AB (Publ) Announces Appoints Hannah Marier to Nomination Committee The nomination committee for Irisity AB (publ) ahead of the 2024 annual general meeting has been appointed based on the ownership conditions on 30 September 2023. The nomination committee consists of: Sun Red Beach Growth Partners through Hannah Marier. New Risk • Oct 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr55m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr53m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€20.0m market cap, or US$21.2m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.75 loss per share (vs kr0.63 loss in 2Q 2022) Second quarter 2023 results: kr0.75 loss per share (further deteriorated from kr0.63 loss in 2Q 2022). Revenue: kr39.5m (up 6.1% from 2Q 2022). Net loss: kr28.6m (loss widened 18% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Announcement • Aug 11
Irisity AB (Publ) Provides Financial Forecast for the Third, Fourth Quarter and Full Year 2023 Irisity AB (publ) provided financial forecast for the third, fourth quarter and full year 2023. For the third quarter, the company forecasts net sales of SEK 32-37 million. For the fourth quarter, the company forecasts net sales of SEK 37-42 million, For the full year, the company forecasts net sales SEK 131-141 million. Board Change • Jul 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Dorian Moshe Barak is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 12
Irisity AB (publ) Recruits Raziel Bareket as Chief Operating Officer (Coo) Irisity recruits Raziel Bareket as Chief Operating Officer (COO). The company hires physical security software industry executive to lead Irisity's and AgentVi's partner sales and support operations globally. Partners are critical to meet the needs of customers when adding real-time video intelligence to monitoring operations and therefore are key to Irisity's growth. Raziel's first day will be June 12th, 2023. Over an 11-year period Raziel was a key contributor to Milestone Systems' global growth building the strongest network of EMEA security channel partners and programs. This, plus his many years of leading SaaS/IoT/B2B companies, will be an important step forward for Irisity's and AgentVi's future growth. Announcement • Jun 03
Irisity AB (publ) Announces Board Changes Irisity AB (publ) Aat its extraordinary general meeting held on 2 June 2023, elected Marcus Bäcklund, Christian Andersson and Anders Trygg as new members of the board of directors. The chairman of the board of directors Lennart Svantesson and the board members Anders Långsved, Anna Ahlberg and Rom Mendel resigned their assignments on the board of directors at their own request in connection with the general meeting. Board member Nils Malmros resigned his assignment on the board of directors for personal reasons. Reported Earnings • May 14
First quarter 2023 earnings released: kr0.85 loss per share (vs kr0.73 loss in 1Q 2022) First quarter 2023 results: kr0.85 loss per share (further deteriorated from kr0.73 loss in 1Q 2022). Revenue: kr33.4m (down 1.9% from 1Q 2022). Net loss: kr32.5m (loss widened 16% from 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Board Change • May 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ulf Runmarker was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2022 earnings released: kr3.58 loss per share (vs kr0.86 loss in FY 2021) Full year 2022 results: kr3.58 loss per share (further deteriorated from kr0.86 loss in FY 2021). Revenue: kr121.2m (up 31% from FY 2021). Net loss: kr136.9m (loss widened 472% from FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Dec 08
Irisity AB (publ) Forms Nomination Committee In accordance with the principles for the appointment of the nomination committee of Irisity AB (publ) resolved by the 2022 annual general meeting, the nomination committee ahead of the 2023 annual general meeting willconsist of the following members: Ulf Runmarker, Chair of the Nomination Committee, appointed by Westergyllen AB; Håkan Krook, appointed by Chalmers Innovation Seed Fund AB and Christian Andersson, appointed by Hans Andersson Holding AB. Breakeven Date Change • Nov 23
No longer forecast to breakeven The analyst covering Irisity no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr40.4m in 2023. New forecast suggests the company will make a loss of kr35.0m in 2024. Announcement • Sep 20
Irisity Recruits João Paulo Souza as Sales Director CALA Irisity AB (publ) announced the recruitment of João Paulo Souza based in Sao Paulo, Brazil. João Paulo brings extensive experience in the surveillance market. João Paulo has more than 8 years in Sales and Leadership roles in Brazil and South Cone at Genetec and over 20 years of experience in the electronic security market, representing national and international companies. With a solid career in manufacturers in the industry, he built his knowledge base in all disciplines of the segment such as Access Control, Video, Alarms and Fire. Prior to Genetec João Paulo held the position of National Sales Manager for the area of ??physical access control at HID, an American company and ASSA ABLOY subsidiary that manufactures solutions for secure identity. Announcement • Sep 17
Irisity Launches IRIS+, A Next-Generation Analytics Platform Irisity AB (publ) introduced IRIS+, an AI-powered video analytics solution from the market's most experienced analytics provider. This new platform combines the rich capabilities of Agent Vi's innoVi and Irisity's Iris into one powerful analytics platform. IRIS+ delivers leading performance in a platform designed to support customization and more advanced industry-specific vertical offerings. It enhances the already rich AI capabilities of both platforms with broad object classification for the highest accuracy levels in the most challenging environments. A flexible and scalable analytics solution incorporating advanced versions of commonly used analytics, IRIS+ also offers a streamlined user experience and new statistics functionality. A new planning tool empowers integrators and end users to outline their IRIS+ deployments based on specific need. Announcement • Sep 13
Irisity AB (Publ) Appoints Nagata Yohei as Sales Director Northeast Asia Irisity AB (publ) continues to strengthen its global sales force through the recruitment of Nagata Yohei based in Tokyo, Japan. Nagata Yohei comes with extensive experience in the surveillance market, working with Axis Japan for more than 5 years and with Avigilon/Motorola for the last 4 years, responsible for technical and sales in Japan and Korea. Nagata Yohei started on September 1st, 2022 and comes to Irisity after more than 15 years working in IT and Surveillance, including companies such as Axis Communications and Avigilon/Motorola Solutions, where he received excellence awards for exceptional performance. In addition, Nagata-san brings relevant experience working as a business development manager at Groove Japan, selling for in-store marketing video analytics Cloud-based BI solutions. Reported Earnings • Aug 13
Second quarter 2022 earnings released: kr0.63 loss per share (vs kr0.23 loss in 2Q 2021) Second quarter 2022 results: kr0.63 loss per share (down from kr0.23 loss in 2Q 2021). Revenue: kr39.9m (up 151% from 2Q 2021). Net loss: kr24.2m (loss widened 302% from 2Q 2021). Over the next year, revenue is forecast to grow 74%, compared to a 5.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 22
Irisity Brings Its School Safety Solution to Google Cloud Marketplace Irisity AB (publ) announced the availability of its solution on the Google Cloud Marketplace. The deep learning-based IRIS School GuardTM is an established market leader for schools and public facilities safety in the Nordics. Now, Irisity will expand its advanced security solutions for the education sector by making it available for customers to deploy via Google Cloud Marketplace globally. Having completely rebuilt its serverless infrastructure on Google Cloud, Irisity can now offer customers new capabilities, an improved UI, and better performance. Irisity's solution has global scope, but the company will initially approach the more than 130.000 public and private K-12 schools in the U.S. Many schools already have cameras but most lack advanced analytics and the ease of use applications to make them effective safety and security tools. The solution will launch on Google Marketplace on August 1. IRIS School GuardTM delivers a unique solution against violence, threats, and vandalism, while supporting personal privacy and ethical use. Announcement • Jul 06
Irisity AB (Publ) Recruits Anna Anderström as New CFO Irisity AB (publ) continued to strengthen its management through the recruitment of Anna Anderström as Chief Financial Officer, CFO. Anna Anderström currently holds the position as Group CFO of Qmatic AB and will join Irisity by latest December 14, 2022. Anna has over 20 years' experience of financial leadership roles mainly with international, public companies. Her experience also includes commercialization, product management, operations, project management and business transformation. She holds a master's in business administration from University of Halmstad. Reported Earnings • May 13
First quarter 2022 earnings released: kr0.73 loss per share (vs kr0.15 loss in 1Q 2021) First quarter 2022 results: kr0.73 loss per share (down from kr0.15 loss in 1Q 2021). Revenue: kr34.4m (up 126% from 1Q 2021). Net loss: kr27.9m (loss widened kr24.1m from 1Q 2021). Over the next year, revenue is forecast to grow 170%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Anders Langsved was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
Irisity AB (publ) Approves Appointment of Rom Mendel to the Board of Directors Irisity AB (publ) approved the appointment of Rom Mendel as new member of the Board of Directors in accordance with the Nomination Committee's proposal, at the annual general meeting held on April 27, 2022. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2023 The analyst covering Irisity previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr40.4m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 22
Forecast breakeven date pushed back to 2023 The analyst covering Irisity previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr40.4m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • Feb 19
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr0.62 loss per share (up from kr0.83 loss in FY 2020). Revenue: kr93.1m (up 99% from FY 2020). Net loss: kr23.9m (loss widened 22% from FY 2020). Revenue missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 243%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
Irisity AB (Publ) Has Been Granted Additional Strategic Patents Irisity AB (publ) announced three new patent approvals. System and Method for use in training machine learning utilities- training deep learning models for use in AI requires large datasets of annotated (labeled) data. This annotation task is mostly done by hand or using semi-automated tools. The patent granted describes a method for automatically annotating data for use in machine learning models. System and Method for use in Geo Spatial Registration - some applications of video surveillance require taking the position of an object captured by a security camera and translating it to geo-spatial coordinates so that the object can be represented on a GIS map. To perform this task, the camera needs to be registered on the GIS map, a very time and labor consuming manual task. This patent describes a method for automatically performing the registration by having a person walking in the field of view of the camera and using a special app installed on that person's phone. The patent allows customers with large camera systems (for example cities) to register all their cameras quickly and with a minimal amount of effort. System and Method for use in Object Detection from Video Stream - using AI to process high resolution live video streams is a computationally expensive task and as a result building large networks of intelligent cameras can be computationally prohibitive. This patent describes a computationally efficient method for applying AI to high resolution streams with drastically reduced computational resources and while maintaining high accuracy. The patents above have been granted in Israel establishing priority date, with national phase examination in additional countries to follow. These three patents complement 9 patent families with in total 32 patents and applications, of which 11 applications and 21 granted patents. At Irisity the innovation is flourishing, making more responsive and agile in development of new stellar solutions for an ever-growing market demand. Irisity is a leading provider of AI-powered video analytics solutions. Announcement • Feb 09
Irisity AB (publ) Recruits Johan Höglund as Chief Growth Officer, Effective April 4, 2022 Irisity AB (publ) announced appointment of Johan Höglund as Chief Growth Officer, Höglund brings over a decade of management and international large account experience, previously holding positions including Managing Director for Unilabs Sweden, VP at Tieto, and Country Manager Sweden at Philips Healthcare. Johan Höglund in the lead of the company's growth team, will be part of Irisity's global management group and start his office on April 4, 2022. Reported Earnings • Nov 11
Third quarter 2021 earnings released: kr0.098 loss per share (vs kr0.28 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr20.8m (up 118% from 3Q 2020). Net loss: kr2.54m (loss narrowed 61% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Sep 15
Forecast to breakeven in 2022 The analyst covering Irisity expects the company to break even for the first time. New forecast suggests the company will make a profit of kr106.5m in 2022. Average annual earnings growth of 118% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 09
Forecast to breakeven in 2022 The analyst covering Irisity expects the company to break even for the first time. New forecast suggests the company will make a profit of kr106.5m in 2022. Average annual earnings growth of 118% is required to achieve expected profit on schedule. Announcement • Sep 03
Irisity AB (publ) (OM:IRIS) entered into an agreement to acquire Agent Video Intelligence Ltd. for $67.5 million. Irisity AB (publ) (OM:IRIS) entered into an agreement to acquire Agent Video Intelligence Ltd. for $67.5 million on September 2, 2021. The purchase price on cash- and debt-free basis amounts to $8 million cash and $59.5 million in Irisity shares. Irisity intends to conduct a directed share issue to institutional investors to partly finance the cash consideration. Agent Video Intelligence will be consolidated into Irisity upon completion of the acquisition. Agent Video Intelligence reported revenue of $6.1 million, EBITDA of -0.4 million and net profit of $0.3 million in 2020. The acquisition is subject to the resolution of Irisity's board of Directors and the issuance of the Consideration Shares will be resolved following an authorization from shareholders. Completion is expected to take place no later than in October 2021. Erik Penser Bank AB acted as financial advisor, S. Horowitz & Co. and Advokatfirman Vinge KB acted as legal advisors and Ernst & Young acted as financial and tax due diligence advisor to Irisity. Reported Earnings • Aug 09
Second quarter 2021 earnings released: kr0.23 loss per share (vs kr0.18 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr15.9m (up 49% from 2Q 2020). Net loss: kr6.03m (loss widened 71% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 12
Powered by IRIS, Metro and Rail Operators Take the Lead in Ai-Based Protection and Safety Irisity AB (publ) announced that At the vanguard of rail infrastructure safety, metro and rail operators globally are adopting AI-based analytics. In the Nordics, IRIS Rail is already being implemented in the Stockholm metro system. In addition, metro and rail operators in several countries internationally including France, Italy, Spain and Chile are also looking into implementing IRIS Rail. People and objects on the tracks cause serious accidents, driver trauma and unnecessary stops for metro and rail traffic. To increase personal safety and security, IRIS Rail has been deep-learning trained with the objective of creating the highest possible precision and reliability: Camera-agnostic analytics compatible with any infrastructure constantly analyzing the video streams. Fully automated AI functionality without any need for train detecting sensors, detecting humans trespassing/falling on to the tracks. Protecting in station and platform environment, detecting unattended objects and deviant behavior such as loitering and violence; Can operate fully offline to meet any data security demands. Reported Earnings • May 08
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr15.3m (up 19% from 1Q 2020). Net loss: kr3.77m (loss narrowed 11% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 84% per year, which means it is well ahead of earnings. Executive Departure • Apr 27
Independent Director has left the company On the 22nd of April, Meg Tiveus' tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Meg's name. Meg is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 19
Full year 2020 earnings released: kr0.83 loss per share (vs kr0.92 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr46.8m (down 8.9% from FY 2019). Net loss: kr19.6m (loss widened 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 97% per year, which means it is well ahead of earnings. Announcement • Mar 16
Irisity AB (publ) Launches A New Cutting-Edge Algorithm Detecting Falling and Laying People Irisity AB (publ) launched the deep learning algorithm IRIS Fall Detection for increased safety on Home Care and other applications. Dangerous workplaces, unattended stores, people working alone and home care guarding of old people are all examples of areas which benefit from real time prevention by IRIS Fall Detection. The company’s new deep learning algorithm IRIS Fall Detection triggers video alarms with high precision when a person is falling or laying on the ground, while safeguarding personal integrity. The service can easily be installed for both existing and new cameras, on server, cloud or embedded in the camera, protecting people around the clock. The company’s new algorithm is included as an add-on to the SaaS service IRIS, is fully scalable for large installations and can be selected with retained precision in combination with the company’s patented real-time anonymization for the protection of privacy. IRIS Fall Detection is now offered to customers in Sweden and internationally together with the company's global partners. Is New 90 Day High Low • Mar 11
New 90-day high: €5.62 The company is up 85% from its price of €3.04 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 17% over the same period. Announcement • Feb 18
Meg Tivéus, Member of Irisity AB (publ) Declines Re-Election Irisity AB (publ) announced that Meg Tivéus (member) has declined re-election. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 80%, compared to a 10% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Feb 14
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr49.5m (down 3.5% from FY 2019). Net loss: kr19.6m (loss widened 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 06
New 90-day high: €4.59 The company is up 115% from its price of €2.13 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 40% over the same period. Announcement • Feb 04
Irisity and Axis Enter into Partnership Developing Deep Learning Powered Intelligent Cameras Irisity AB (publ), an ADP, Axis Development Partner, has developed an embedded version of IRIS to be integrated into Axis TPU cameras resulting in a unique deep learning capable AI camera. Through the Axis Communications partnership program, Irisity integrates an embedded version of its cutting-edge IRIS algorithms for Axis' next generation Tensor Processing Unit TPU, based cameras. This enables advanced deep learning capabilities fully autonomously on Axis cameras without any need for server or cloud support. Is New 90 Day High Low • Dec 29
New 90-day high: €3.66 The company is up 83% from its price of €2.00 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: €2.83 The company is up 33% from its price of €2.12 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 17% over the same period. Announcement • Nov 28
AB Storstockholms Lokaltrafik Chooses Irisity AB (publ) Irisity AB (publ) has been chosen by AB Storstockholms Lokaltrafik to deliver the deep learning algorithm IRIS Rail to the Stockholm metro. IRIS Rail detects track time in the subway in real time as well as so-called "dwell time" and "loitering" for abandoned objects or a person lying on a bench, for example. IRIS Rail also detects deviant behavior in the station environment. The order value is estimated at approximately SEK 4 million. In accordance with LOU, a contract lock for 10 days applies. 
