New Risk • May 24
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr151m Forecast net loss in 2 years: kr3.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr3.0m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€32.8m market cap, or US$38.1m). Reported Earnings • May 22
First quarter 2026 earnings released: kr0.21 loss per share (vs kr0.12 loss in 1Q 2025) First quarter 2026 results: kr0.21 loss per share (further deteriorated from kr0.12 loss in 1Q 2025). Revenue: kr17.0m (down 36% from 1Q 2025). Net loss: kr22.7m (loss widened 89% from 1Q 2025). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • May 22
Elliptic Laboratories ASA has withdrawn its Follow-on Equity Offering in the amount of NOK 29.925 million. Elliptic Laboratories ASA has withdrawn its Follow-on Equity Offering in the amount of NOK 29.925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,500,000
Price\Range: NOK 2.85
Transaction Features: Rights Offering New Risk • Apr 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€35.7m market cap, or US$41.9m). Recent Insider Transactions • Mar 29
Board Member recently bought €374k worth of stock On the 27th of March, Edvin Austbo bought around 1m shares on-market at roughly €0.25 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.3m more in shares than they have sold in the last 12 months. Announcement • Mar 06
Elliptic Laboratories ASA has filed a Follow-on Equity Offering in the amount of NOK 60.00675 million. Elliptic Laboratories ASA has filed a Follow-on Equity Offering in the amount of NOK 60.00675 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,527,500
Price\Range: NOK 2.85
Security Name: Shares
Security Type: Common Stock
Securities Offered: 10,527,500
Price\Range: NOK 2.85
Transaction Features: Rule 144A; Subsequent Direct Listing Reported Earnings • Feb 28
Full year 2025 earnings released: kr1.32 loss per share (vs kr0.085 profit in FY 2024) Full year 2025 results: kr1.32 loss per share (down from kr0.085 profit in FY 2024). Revenue: kr102.7m (down 22% from FY 2024). Net loss: kr138.2m (down kr147.1m from profit in FY 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: kr0.04 (vs kr0.04 loss in 3Q 2024) Third quarter 2025 results: EPS: kr0.04 (up from kr0.04 loss in 3Q 2024). Revenue: kr42.6m (up 51% from 3Q 2024). Net income: kr3.87m (up kr8.00m from 3Q 2024). Profit margin: 9.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€75.6m market cap, or US$87.6m). New Risk • Sep 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.0m (US$99.9m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Announcement • Sep 01
Elliptic Labs Launches Six Smartphone Models with Vivo, HONOR, Xiaomi, and Transsion for August 2025 Elliptic Labs has launched its AI Virtual Smart Sensor Platform™? on six smartphone models in August 2025. HONOR launched one smartphone: the HONOR Play 70 Plus. vivo announced two smartphones: the vivo TR4 and iQOO Z10R smartphones. Xiaomi shipped two smartphones: the Redmi Note 15 and Redmi Note 15 Pro. Lastly, Transsion announced one smartphone: the Infinix GT30. For 2025 year-to-date, Elliptic Labs has launched on a total of 45 smartphone models. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs's AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. Reported Earnings • Aug 28
Second quarter 2025 earnings released: kr0.08 loss per share (vs kr0.04 profit in 2Q 2024) Second quarter 2025 results: kr0.08 loss per share (down from kr0.04 profit in 2Q 2024). Revenue: kr25.0m (down 26% from 2Q 2024). Net loss: kr8.24m (down 273% from profit in 2Q 2024). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Elliptic Labs Launches Three Smartphone Models with Vivo and HONOR for July 2025 Elliptic Labs has launched its AI Virtual Smart Sensor Platform™? on three smartphone models in July 2025. HONOR launched two smartphones: the HONOR X70 Series. vivo announced one smartphone: the vivo X200FE smartphone. For 2025 year-to-date, Elliptic Labs has launched on a total of 39 smartphone models. Lastly, with the HONOR X 70 Series shipment, Elliptic Labs surpassed 200 smartphone models shipped in its history. INNER BEAUTY: Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. Reported Earnings • May 22
First quarter 2025 earnings released First quarter 2025 results: Net income: (up kr2.62m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. This is currently the only risk that has been identified for the company. Announcement • Apr 07
Elliptic Labs Launches on Seven Smartphone Models with Transsion and Vivo Elliptic Labs announced the seven smartphone models that are shipping with its AI Virtual Smart Sensor Platform™? in March 2025. Transsion launched five models: the Tecno Camon 40, 40 Pro, and 40 Pro 5G and Infinix's Note 50 and 50 Pro smartphones. vivo shipped two models: the vivo V50 Lite and V50 Lite 5G smartphones. For year-to-date 2025, Elliptic Labs has shipped its AI Virtual Smart Sensor Platform on a total of 11 smartphone models. Along with the seven smartphone models announced in March 2025, Elliptic Labs also unveiled its AI Virtual Tap-to-Share Sensor™? at the Mobile World Congress 2025 show in Barcelona. The new AI Virtual Tap-to- Share Sensor enables seamless device-to-device sharing between iOS and Android smartphones--all allowing users to share contact info, photos, and files with a simple tap. Notably, this technology works without requiring a pre-existing connection between the devices. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turn off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. Announcement • Mar 03
Elliptic Labs Announces Smartphone Product Launches for February 2025 Elliptic Labs announced the two smartphones that have launched with its AI Virtual Smart Sensor Platform™? in February 2025: vivo's V50 and V50e smartphones. For year-to-date 2025, Elliptic Labs has shipped its AI Virtual Smart Sensor Platform on a total of four smartphone models. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: kr0.09 (vs kr0.36 loss in FY 2023) Full year 2024 results: EPS: kr0.09 (up from kr0.36 loss in FY 2023). Revenue: kr133.3m (up 95% from FY 2023). Net income: kr8.96m (up kr47.0m from FY 2023). Profit margin: 6.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Elliptic Labs Announces Smartphone Product Launches for January 2025 Elliptic Labs is announcing the two smartphones that have launched with its AI Virtual Smart Sensor Platform™? in January 2025: Xiaomi's Redmi Turbo 4 and HONOR's X8c smartphones. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Prox proximity Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr61m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (€92.6m market cap, or US$94.6m). Announcement • Jan 09
Elliptic Labs Launches Two AI Virtual Smart Sensors on the ThinkPad X9 14 and 15 Aura Edition Laptops Elliptic Labs announced the launch of both its AI Virtual Tap Sensor and AI Virtual Human Presence Sensor on Lenovo’s ThinkPad X9 14” and 15” Aura Edition laptops. The launch of these laptops follows the successful launch of Lenovo’s ThinkPad X1 Carbon Gen 13 Aura Edition, the first production laptop to ship with multiple AI Virtual Smart Sensors. The ThinkPad X9 14” and 15” Aura Edition laptops include Lenovo’s new Smart Share hero-feature enabled by Elliptic Labs’ AI Virtual Tap Sensor. Smart Share is a breakthrough capability that enables seamless photo transfer between iPhone and Android smartphones and Aura Edition laptops through a simple tap of the phone against the side of the laptop’s display. The ThinkPad X9 14” Aura Edition laptop also offers Human Presence Detection via Elliptic Labs’ AI Virtual Human Presence Sensor. The contract for this launch was announced in September 2023. AI Virtual Human Presence Sensor, AI Virtual Smart Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. Lenovo and ThinkPad are trademarks of Lenovo. All other trademarks or service marks are the responsibility of their respective organizations. Elliptic Labs’ AI Virtual Human Presence Sensor detects when a user is present in front of a PC/laptop system. This allows the device to sleep when a user is absent, conserving battery life and electricity, and safeguarding it from unpermitted access. Human presence detection is becoming a core capability in the PC/laptop industry, but it is currently featured only in high-end devices due to the cost, risk, and design limitations associated with a dedicated hardware presence sensor. Elliptic Labs' software-only AI Virtual Human Presence Sensor delivers robust human-presence detection that allows OEMs to easily and affordably incorporate human presence detection across a wide range of devices. Announcement • Jan 03
Elliptic Labs Introduces New Communication Framework for Smartphone Announcements Elliptic Labs is introducing a new communication framework for smartphone announcements. The first trading day of each month will release a comprehensive monthly summary detailing the smartphone models and manufacturers that have been announced with Elliptic Labs' technology over the preceding month. This update is designed to offer audience a more focused, organized, and transparent overview of the latest smartphone announcements and launches utilizing software solutions. By presenting information in a concise monthly recap, the company aim to provide clearer and more accessible insights while keeping fully informed about progress in the dynamic smartphone market. In 2024, the company launched on a total of 66 smartphone models, a total that represents 40% of all historically launched smartphone models. This demonstrates ability to scale and the continuous interest in AI Virtual Proximity Sensor. These launches were spread across customer base, including Xiaomi, vivo, Honor, Ant Mobile and Transsion. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Breakeven Date Change • Jan 01
Forecast breakeven date pushed back to 2025 The analyst covering Elliptic Laboratories previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr123.5m in 2025. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Reported Earnings • Dec 01
Third quarter 2024 earnings released: kr0.04 loss per share (vs kr0.07 loss in 3Q 2023) Third quarter 2024 results: kr0.04 loss per share (improved from kr0.07 loss in 3Q 2023). Revenue: kr28.2m (up 29% from 3Q 2023). Net loss: kr4.14m (loss narrowed 40% from 3Q 2023). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 28% per year. Breakeven Date Change • Nov 29 The analyst covering Elliptic Laboratories previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr6.29m in 2024. Earnings growth of 1.9% is required to achieve expected profit on schedule.
Announcement • Nov 19
Elliptic Labs Launches for the First Time, Two AI Virtual Smart Sensors, on Lenovo ThinkPad X1 Carbon Gen 13 Aura Edition Laptops Elliptic Labs announced the commercial launch of its AI software platform on Lenovo's ThinkPad X1 Carbon Aura Edition laptop. This premium device release marks the latest deployment of Elliptic Labs' innovative technology, which now includes both the AI Virtual Human Presence Sensor and the new Smart Share hero feature enabled by Elliptic Labs' AI Virtual Tap Sensor. The launch introduces Smart Share, a breakthrough capability that enables seamless photo transfer between smartphones and Aura Edition laptops through a simple tap of the phone against the side of the laptop's display. Powered by Intel's latest Core Ultra chipsets (Series 2), these devices showcase the full potential of Elliptic Labs' software-only AI solutions. This launch follows the successful contract announcement from July 2024. Elliptic Labs' AI virtual Smart Sensor Platform™ leverages the company's ultrasound, AI, and multi-modality expertise to deliver software-only AI Virtual Smart Sensors that bring seamless user experiences at scale across the PC, smartphone, and IoT markets. The platform's software-only approach provides manufacturers with compelling use-cases, and advantages in power efficiency, privacy enhancement, and security features. The commercial launch reinforces Elliptic Labs' position in the premium laptop segment and highlights the company's execution of its product deployment strategy. This launch validates the company's technology leadership and its ability to monetize innovations in the expanding AI PC market. AI Virtual Human Presence Sensor, AI Virtual Smart Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. New Risk • Nov 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.5m (US$99.6m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€92.5m market cap, or US$99.6m). Announcement • Sep 18
Elliptic Laboratories ASA, Annual General Meeting, May 21, 2025 Elliptic Laboratories ASA, Annual General Meeting, May 21, 2025. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.04 (vs kr0.04 in 2Q 2023) Second quarter 2024 results: EPS: kr0.04 (in line with 2Q 2023). Revenue: kr34.2m (up 3.2% from 2Q 2023). Net income: kr4.75m (up 19% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jul 04
Elliptic Labs Launching on Transsion’S Infinix Note 40S Smartphone Elliptic Laboratories ASA has launched its AI Virtual Proximity Sensor™ INNER BEAUTY® on Transsion’s Infinix Note 40S smartphone. Transsion, the fourth largest smartphone OEM, is releasing the Infinix Note 40S smartphone for the global market. The Infinix Note 40S is driven by Elliptic Labs’ partner MediaTek'sHelio G99 chipset. Elliptic Labs previously announced the contract for this launch in October 2023. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Jul 03
Elliptic Labs Has Announces the Launch of Its Ai Virtual Proximity Sensor™ Inner Beauty® on Honor's Play 60 Plus Smartphone Elliptic Labs has announced the launch of its AI Virtual Proximity Sensor™ INNER BEAUTY® on HONOR's Play 60 Plus smartphone. The high-volume, entry-level HONOR Play 60 Plus is shipping for the Chinese market. This smartphone is powered by Elliptic Labs' partner Qualcomm's Snapdragon 4 Gen 2 chipset. Elliptic Labs signed the contract for this shipment in March 2024. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Jun 27
Elliptic Labs Launching with Vivo on V40 Lite Smartphone Elliptic Labs is shipping its AI Virtual Proximity Sensor™ INNER BEAUTY® on vivo’s V40 Lite smartphone. The vivo V40 Lite smartphone - targeted for the global market - is driven by Elliptic Labs’ partners Qualcomm's Snapdragon 6 Gen 1 chipset. Elliptic Labs previously announced this contract. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • May 25
Elliptic Laboratories ASA Announces Board Changes Elliptic Laboratories ASA at the annual general meeting held on 22 May, 2024 elected Svein-Egil Nielsen, director, board members for the period until the annual general meeting in 2025; Tore Engebretsen elected as members of the nomination committee for the period until the annual general meeting in 2026, other members are: Einar J. Greve, chair and Thomas Raaschou. Reported Earnings • Apr 30
Full year 2023 earnings released: kr0.36 loss per share (vs kr0.32 loss in FY 2022) Full year 2023 results: kr0.36 loss per share (further deteriorated from kr0.32 loss in FY 2022). Revenue: kr68.3m (up 31% from FY 2022). Net loss: kr38.0m (loss widened 15% from FY 2022). Revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 23
Elliptic Labs Shipping on Xiaomi Civi 4 Pro Smartphone Elliptic Labs is announcing the launch of its AI Virtual Proximity Sensor™ INNER BEAUTY® with long-time customer Xiaomi, on the new Civi 4 Pro smartphone. The Xiaomi Civi 4 Pro, released for the global market, is driven by Elliptic Labs’ partner Qualcomm’s newly announced Snapdragon 8s Gen 3 chipset. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Mar 08
Elliptic Labs Launches on Lava Blaze Curve Smartphone Elliptic Labs is shipping its AI Virtual Proximity Sensortm INNER BEAUTY on the Lava Blaze Curve smartphone. Lava International, Elliptic Labs' newest smartphone customer, has released the Lava Blaze Curve smartphone for the international market. Lava has collaborated with Elliptic Labs' partner MediaTek and chosen the MediaTek's Dimensity 7050 chipset to drive the Blaze Curve smartphone. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service marks are the responsibility of their respective organizations. Reported Earnings • Feb 16
Full year 2023 earnings released: kr0.36 loss per share (vs kr0.32 loss in FY 2022) Full year 2023 results: kr0.36 loss per share (further deteriorated from kr0.32 loss in FY 2022). Revenue: kr69.6m (up 34% from FY 2022). Net loss: kr38.0m (loss widened 15% from FY 2022). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Feb 14
Elliptic Laboratories Asa Announces Board Changes Elliptic Labs announced that Chairperson Tore Engebretsen has notified the Board of Directors of Elliptic Labs that he is resigning from the Board for personal reasons. Mr. Svenn-Tore Larsen will take over the role as Chairperson of the Board. Svenn-Tore Larsen has been a member of the Board of Directors of Elliptic Labs since 2015. He holds extensive experience from the technology sector, most notably as CEO of Nordic Semiconductor for more than two decades. Mr. Engebretsen has been Chairperson of the Board since 2007, and the Board of Directors and management of Elliptic Labs wish to express their gratitude to Mr. Engebretsen for his contributions to the company over many years. According to the articles of association, the Board of Elliptic shall consist of four to seven members, and in addition to the new chairperson Svenn-Tore Larsen the Board now consists of Edvin Austbø, Berit Svendsen, and Ingrid Leisner. Announcement • Jan 28
Elliptic Labs Launches Transsion's Tecno Spark 20 Pro Plus Smartphone Elliptic Labs has launched its AI Virtual Proximity Sensor INNER BEAUTY® with Transsion, the fifth larger smartphone maker globally, on the new Tecno Spark 20 Pro+ smartphone. The Tecno Spark 20 Pro+ smartphone, released for the global market, is driven by MediaTek's Helio G99 Ultimate chipset developed by Elliptic Labs' partner MediaTek. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Jan 17
Elliptic Labs Launches AI Virtual Proximity Sensor Inner Beauty Elliptic Labs currently deployed in over 500 million devices, has launched its AI Virtual Proximity Sensor INNER BEAUTY with Xiaomi, the third largest smartphone maker globally, on the new POCO X6 Pro smartphone. The Xiaomi POCO X6 Pro, released for the global market, is driven by MediaTek’s Dimensity 8300 Ultra chipset developed by Elliptic Labs’ partner MediaTek. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs.All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Jan 16
Elliptic Labs Launches Xiaomi Redmi Note 13 Pro 4G Smartphone Elliptic Labs announced Xiaomi Redmi Note 13 Pro smartphone. The Xiaomi Redmi Note 13 Pro, released for the global market, utilizes the MediaTek Helio G99 chipset developed by Elliptic Labs’ partner MediaTek. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Jan 06
Elliptic Labs Announcing Launch on HONOR X50 GT Smartphone Elliptic Labs is deploying its AI Virtual Proximity Sensor INNER BEAUTYon HONOR's newest smartphone - the HONOR X50 GT - for the global market. Elliptic Labs' partner Qualcomm will run the HONOR X50GT smartphone with the Snapdragon 8+ Gen 1 chipset. The contract for this launch was previously announced by Elliptic Labs. Announcement • Jan 02
Elliptic Laboratories ASA Launches Its AI Virtual Proximity Sensor™ Inner Beauty on Honor’s Newest Smartphone, the Honor X50 Pro, for the Chinese Market Elliptic Labs is launching its AI Virtual Proximity Sensor™ INNER BEAUTY on HONOR’s newest smartphone, the HONOR X50 Pro, for the Chinese market. Elliptic Labs’ partner Qualcomm is at the core of the HONOR X50 Pro with its Snapdragon 8+ Gen 1 chipset. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Dec 22
Elliptic Labs Deploys AI Virtual Proximity Sensor INNER BEAUTY on HONOR 90 GT Smartphone Elliptic Labs is announcing its AI Virtual Proximity Sensor INNER BEAUTY on HONOR’s latest smartphone release, the HONOR 90 GT smartphone for the Chinese market. Elliptic Labs’ partner Qualcomm will be at the core of the HONOR 90 GT with its Snapdragon 8 Gen 2 chipset. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Dec 16
Elliptic Labs Launches with Vivo S18 and S18 Pro Smartphones Elliptic Labs has launched its AI Virtual Proximity Sensor™ INNER BEAUTY® on Vivo's S18 and S18 Pro smartphones. The Vivo S18 and S18Pro smartphones, both offered for the Chinese market, are driven by both Elliptic Labs' partners Qualcomm and MediaTek. Qualcomm's Snapdragon 7+ Gen 3 chipset runs the Vivo S18 while MediaTek's Dimensity 9200+ drives the Vivo S18 Pro. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Reported Earnings • Nov 25
Third quarter 2023 earnings released: kr0.07 loss per share (vs kr0.07 profit in 3Q 2022) Third quarter 2023 results: kr0.07 loss per share (down from kr0.07 profit in 3Q 2022). Revenue: kr22.5m (down 17% from 3Q 2022). Net loss: kr6.93m (down 203% from profit in 3Q 2022). Revenue is forecast to grow 80% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Announcement • Nov 24
Elliptic Labs Announces Launch of the AI Virtual Smart Sensor Platform on Honor 100 Series Smartphones Elliptic Labs has launched its AI Virtual Proximity Sensor INNER BEAUTY on the new HONOR 100 series of smartphones - the HONOR 100 and HONOR 100 Pro - for the Chinese market. Elliptic Labs' partner Qualcomm is driving both smartphones in the HONOR 100 series. The HONOR 100 is driven by the newly announced Snapdragon 7 Gen 3 SoC, while the HONOR 100 Pro features the Snapdragon 8 Gen 2. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Nov 15
Elliptic Labs Launches Honor X50i Plus Smartphone Elliptic Laboratories ASA announcing the release of its AI Virtual Proximity Sensor™ INNER BEAUTY® on the new HONOR X50i Plus smartphone for the Chinese market. Elliptic Labs’ partner Mediatek is driving the HONOR X50i Plus with its Dimensity 6080 chipset. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Nov 14
Elliptic Labs Launches New Product - the AI Virtual Seamless Sensor for Seamless Device-To-Device User Experiences Elliptic Labs has launched its latest product, the AI Virtual Seamless Sensor. Elliptic Labs’ AI Virtual Seamless Sensor enables cross-device user experiences across different operating systems and chipset platforms, using a multi-modal approach to create interoperability between PCs, smartphones, peripheral screens and other accessories. The AI Virtual Seamless Sensor anticipates the user’s intent and ensures that only the devices of choice are communicating and connecting. This prevents annoying unwanted connections, while increasing security and ensuring privacy. Elliptic Lab’s AI Virtual Smart Sensor Platform has become the industry-standard in delivering software-based AI Virtual Smart Sensors enabling critical user experiences to the PC/laptop, smartphone, IoT, and automotive industries. AI Virtual Smart Sensors are 100% software-based, and Elliptic Labs leverage existing physical sensors such as microphones, speakers and others through its technological leadership in AI/machine learning, ultrasound, and sensor fusion. The AI Virtual Seamless Sensor is the latest product on Elliptic Labs’ platform, and it is poised to fundamentally change how users interact with their devices. Announcement • Oct 26
Elliptic Labs Launches AI Virtual Smart Sensor Platform™ on New Snapdragon X Elite at Snapdragon Summit 2023 Elliptic Labs is launching its AI Virtual Smart Sensor Platform on the new Snapdragon®? X Elite Compute Platform at Qualcomm Technologies Inc.'s Snapdragon Summit 2023 in Maui. This launch signifies a new era in PC compute and AI capabilities, highlighting Elliptic Labs' next generation AI software-based user experiences leveraging Qualcomm Technologies' expertise in superior compute and AI performance on ultra-low power devices. The all-new Snapdragon X Elite has been designed to bring next-generation AI performance to new laptop designs. The Snapdragon X Elite unlocks even more potential for AI running on the device. By utilizing the Qualcomm®? Sensing Hub, Elliptic Labs' AI Virtual Smart Sensor Platform will run faster, with greater power efficiency, and more seamlessly than ever before. The new Snapdragon X Elite also allows the company's AI Virtual Smart Sensor Platform to be always sensing, even with the host CPU in deep sleep. While the AI Virtual Smart Sensor Platform will utilize the Qualcomm Sensing Hub on Snapdragon X Elite for performance, customers can also leverage Elliptic Labs' expertise in AI/ML, ultrasound, and sensor fusion to deliver AI Virtual Smart Sensors™?. These AI Virtual Smart Sensors are software-based and deliver critical experiences like Human Presence Detection (HPD), automated external display identification, location, and configuration, and seamless device-to-device connection for frictionless user experience. The AI Virtual Human Presence Sensor™? offers HPD functionality, allowing the PC powered by Snapdragon X Elite to detect when a user is present and automatically turn off or on, saving significant power while increasing security and privacy. The AI Virtual Position Sensor™? offers the capability to detect the location and automatic configuration of an external display, making the user's experience seamless when moving between different places. Both the AI Virtual Human Presence Sensor and AI Virtual Position Sensor will be demonstrated at Snapdragon Summit 2023. Announcement • Oct 11
Elliptic Labs Promotes Ola Sandstad to Sr. VP of Product Development Elliptic Labs has promoted Ola Sandstad as Sr. VP of Product Development. Mr. Sandstad will be responsible for product delivery to Elliptic Labs’ new and current customers. Prior to his current term with Elliptic Labs, Mr. Sandstad’s career has included commercial and technical management roles responsible for successfully scaled product deliveries across multiple verticals. Immediately before Elliptic Labs, Ola was the Director of Product Line Management at NAGRA. His responsibilities included management of key products in the company’s portfolio, guiding strategy, roadmap, and execution. Before NAGRA, Mr. Sandstad held roles at Conax and TANTEC Digital. Ola holds a Master in Science, Electronics, and Signal Processing from the Norwegian University of Science and Technology (NTST). AI Virtual Smart Sensor, AI Virtual Human Presence Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Sep 25
Elliptic Labs Launches on Transsion's Tecno Phantom V Flip Smartphone Elliptic Labs is announcing the launch of its AI Virtual Proximity Sensor™? INNER BEAUTY®? with Transsion's Tecno Phantom V Flip smartphone. Transsion, the world's fifth largest smartphone maker in the world, is releasing the Tecno Phantom V Flip smartphone for the global market. Elliptic Labs' partner MediaTek is driving the Phantom V Flip with its Dimensity 8050 chipset. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Sep 22
Elliptic Labs Announces AI Virtual Smart Sensor Platform™ on Xiaomi’s Redmi Note 13 and Note 13 Pro Smartphones Elliptic Laboratories ASA is shipping its AI Virtual Proximity Sensor™ INNER BEAUTY® with Xiaomi’s latest smartphones, the Redmi Note 13 and Note 13 Pro. Xiaomi, the world’s third largest smartphone maker in the world, is launching the Redmi Note 13 and Note 13 Pro smartphones for the Chinese market. Elliptic Labs’ partner MediaTek is driving the Redmi Note 13 with its Dimensity 7200 chipset while Qualcomm’s Snapdragon 7s Gen 2 chipset is at the heart of the Note 13 Pro. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Aug 30
Elliptic Labs Launches on OPPO Find N3 Flip Smartphone Elliptic Laboratories ASA announced the launch of its AI Virtual Proximity Sensor INNER BEAUTY with OPPO's Find N3 Flip smartphone. OPPO is releasing the Find N3 Flip smartphone for the global market. Elliptic Labs' partner MediaTek is driving the Find N3 Flip with its Dimensity 9000+ chipset. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr0.04 (vs kr0.06 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.04 (up from kr0.06 loss in 2Q 2022). Revenue: kr33.2m (up 245% from 2Q 2022). Net income: kr4.00m (up kr10.4m from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Announcement • Jul 06
Elliptic Labs Launches AI Virtual Smart Sensor Platform on the HONOR X50 Smartphone Elliptic Labs is launching the AI Virtual Proximity Sensor™? INNER BEAUTY®? on the HONOR X50 smartphone. The HONOR X50 is being launched for the Chinese market. Elliptic Labs' partner Qualcomm is driving the HONOR X50 with its Snapdragon 6 Gen 1 chips. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Prox proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. New Risk • Jun 19
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Revenue is less than US$5m (kr51m revenue, or US$4.8m). Announcement • Jun 06
Elliptic Labs Launches on Motorola Razr Flip Phones - the Razr 40 and Razr 40 Ultra Elliptic Labs has launched the AI Virtual Proximity Sensor™? INNER BEAUTY®? on the latest versions of Motorola's legendary Razr flip phones, the Razr 40 and Razr 40 Ultra. Both Motorola Razr 40 and Razr40 Ultra are being launched for the global market. Elliptic Labs' partner Qualcomm is driving both the Razr 40 and RazR 40 Ultra with its Snapdragon 8 Gen 1 chipset on the Razr 40 Ultra and the Snapdragon 7 Gen 1 chipset driving the Razr 40. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI virtual Proximity Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. Announcement • May 30
Elliptic Labs Launches on the Honor 90 and Honor 90 Pro Smartphones Elliptic Labs is launching the AI Virtual Proximity Sensor™ INNER BEAUTY® on the Honor 90 series of smartphones. The Honor 90 and Honor 90 Pro is being launched for the global market. Elliptic Labs' partner Qualcomm is driving both the Honor 90 and 90 Pro with its Snapdragon 8 Gen 1 chipset. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Prox proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. Reported Earnings • May 26
First quarter 2023 earnings released: kr0.14 loss per share (vs kr0.14 loss in 1Q 2022) First quarter 2023 results: kr0.14 loss per share (in line with 1Q 2022). Revenue: kr4.05m (down 27% from 1Q 2022). Net loss: kr14.9m (loss widened 4.2% from 1Q 2022). Announcement • May 20
Elliptic Labs Launches on Xiaomi's Latest Redmi Note 12S Smartphone Elliptic Labs has launched the AI Virtual Proximity Sensor™? INNER BEAUTY®? on Xiaomi's latest edition of its most successful smartphone series, the Redmi Note 12S. The Redmi Note 12S is being launched for the European market. Elliptic Labs' partner MediaTek is driving the Redmi Note 12S with its Helio G96 chipset. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • May 12
Elliptic Labs Announces Launch of the 100% Software-Only Ai Virtual Human Presence Sensor on Multiple Lenovo Thinkpad P Series Mobile Workstations Elliptic Labs is announcing the launch of the 100% software-only AI Virtual Human Presence Sensor on multiple Lenovo ThinkPad P Series mobile workstation laptops. This launch covers the Lenovo ThinkPad P16 Gen 2, P1 Gen 6, P16v i, P16s i Gen 2, and P14s i Gen 4. These laptops will be powered with the latest Intel and AMD chipsets (both Intel and AMD are Elliptic Labs' partners), except for the P16 Gen 2, P 1 Gen 6, and which will run Intel only. The contract for this launch was previously announced by Elliptic Labs. Elliptic Labs' AI Virtual Smart Sensor Platform™? utilizes ultrasound, small footprint machine learning networks, and sensor fusion to create AI Virtual Smart Sensors delivering high performing frictionless user experiences at scale. The AI Virtual Human Presence Sensors' power and value are being validated and chosen by the largest PC makers, as demonstrated by this launch. Elliptic Labs's AI Virtual Human Presence Sensor detects when a user is present in front of a PC/laptop system. This allows the device to sleep when a user is absent, conserving battery life and electricity and safeguarding it from unpermitted access. Human presence detection is becoming a core capability in the PC/laptop industry, but it is currently featured only in high-end devices due to the cost, risk, and design limitations associated with a dedicated hardware presence sensor. Elliptic Labs' software-only AI Virtual Human presence detection that allows OEMs to easily and affordably incorporate human presence detection across a wide range of devices. Reported Earnings • Feb 21
Full year 2022 earnings released: kr0.31 loss per share (vs kr0.11 loss in FY 2021) Full year 2022 results: kr0.31 loss per share (further deteriorated from kr0.11 loss in FY 2021). Revenue: kr52.1m (down 4.6% from FY 2021). Net loss: kr32.5m (loss widened 189% from FY 2021). Announcement • Jan 05
Elliptic Labs Announces the Launch of its AI Virtual Distance Sensor Elliptic Labs announced the launch of its AI Virtual Distance Sensor, the latest addition to its AI Virtual Smart Sensor Platform. The AI Virtual Distance Sensor is a 100% software-only solution that enables devices to dynamically measure the distance between devices, offering relative location detection (this can be one-to-one or one-to-many device connections). The device knows when a device (or user) is near it and can behave accordingly. Elliptic Labs is introducing the AI Virtual Distance Sensor at CES 2023, where the company will be located at Booth 55439 in the European Union in the Venetian Hotel. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2023 The analyst covering Elliptic Laboratories previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr79.9m in 2023. Average annual earnings growth of 233% is required to achieve expected profit on schedule. Announcement • Dec 28
Elliptic Laboratories ASA Launches the AI Virtual Proximity Sensor™ INNER BEAUTY® on the HONOR 80GT Smartphone Elliptic Labs has launched the AI Virtual Proximity Sensor™ INNER BEAUTY® on the HONOR 80GT smartphone. The HONOR 80GT is being launched for the Chinese market. Elliptic Labs’ partner Qualcomm is driving the HONOR 80GT with its Snapdragon 8+ Gen 1 chipset. The contract for this launch was previously announced by Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY: Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Recent Insider Transactions • Dec 19
Chairman of the Board recently bought €239k worth of stock On the 15th of December, Tore Engebretsen bought around 120k shares on-market at roughly €1.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tore's only on-market trade for the last 12 months. Reported Earnings • Nov 18
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr27.1m (up 102% from 3Q 2021). Net income: kr6.75m (up kr8.84m from 3Q 2021). Profit margin: 25% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 104% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Software industry in Germany. Announcement • Sep 17
Elliptic Labs Launches on Honor X40 Smartphone for the Global Market Elliptic Laboratories ASA has launched its AI Virtual Proximity Sensor™ INNER BEAUTY® on HONOR’s newest smartphone: the HONOR X40 for the global market. The HONOR X40 smartphone will be driven by the Snapdragon 695 Mobile Platform from Elliptic Labs’ partner, Qualcomm. Elliptic Labs announced its contract for the HONOR X40 earlier this year. AI Virtual Proximity Sensor INNER BEAUTY Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. Announcement • Sep 07
Elliptic Labs and Xiaomi Announce the Poco M5s Smartphone for the Global Market Elliptic Laboratories ASA announcing another launch of its AI Virtual Proximity SensorTM INNER BEAUTY® with Xiaomi, the third-largest smartphone manufacturer in the world. This Xiaomi Poco M5s smartphone, launched for the global market, is the latest collaboration with Elliptic Labs. Working with another Elliptic Labs partner, MediaTek, the Xiaomi Poco M5s is powered by the Helio G95 chipset. Elliptic Labs announced the contract for this release last year. Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. Announcement • Sep 01
Elliptic Labs Launches with Xiaomi on New Smartphone Redmi 11SE for India Market Elliptic Labs launched its AI Virtual Proximity Sensor™ INNER BEAUTY® on Xiaomi’s latest smartphone, the Redmi 11SE, for the India market. Xiaomi is the third-largest smartphone manufacturer in the world and has been partnering with Elliptic Labs since 2016. Xiaomi relies on Elliptic Labs’ software to provide proximity detection for smartphones such as the Redmi 11SE, powered by the Dimensity 700 chipset from Elliptic Labs’ partner MediaTek. Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. Reported Earnings • Jul 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr9.62m (up 100% from 2Q 2021). Net loss: kr6.35m (loss widened 30% from 2Q 2021). Over the next year, revenue is forecast to grow 216%, compared to a 8.4% growth forecast for the industry in Germany. Announcement • Jul 08
Elliptic Labs Launches New Patented Product: the Ai Virtual Position bSensor, the Latest Addition to its AI Virtual Smart Sensor Platform Elliptic Labs has launched a new patented product: the AI Virtual Position bSensor, the latest addition to its AI Virtual Smart Sensor Platform™. The AI Virtual Position Sensor automatically detects the location of an external display in relation to a laptop. This allows the laptop to seamlessly identify, locate, and configure such a display. This simplifies the management of multiple work environments and increases productivity. The software-only AI Virtual Position Sensor utilizes proprietary machine-learning tools, ultrasound, sensor fusion, and patented algorithms to enable a laptop to know where a connected external display is compared to the laptop. Knowing the external display’s position allows the laptop to automatically configure the display environment, increasing convenience and minimizing unproductive setup time. This efficient setup process is particularly important as workforces continue to become more mobile, with workers having to manage multiple office and desk environments. The AI Virtual Position Sensor is a software-only solution that does not require any additional hardware sensors or components. Instead, the AI Virtual Position Sensor reuses a laptop’s existing speaker and microphone to add new capabilities. AI Virtual Position Sensor, AI Virtual Smart Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. 
