ZignSec
Interim report for the period 1 July 2023 to 30 September 2023 (MFN)
ZignSec
Third quarter in summary
- Net revenue amounted to SEK 21.7 (21.4) million, an increase of 1% compared with the corresponding quarter the year before.
- EBITDA amounted to SEK -5.5 (-6.7) million.
- Cash and cash equivalents amounted to SEK 9.4 (33.9) million.
- Equity amounted to SEK 170.1 (267.1) million.
Significant events during the third quarter
- ZignSec announced the initial launch of the new Malta Business Registry (MBR). This innovative platform is designed to facilitate seamless digital interactions between businesses and government agencies.
- The signing of Absa Bank as a new customer is an important step on our geographic expansion towards the African market, and clearly shows that we have a product offering to match the demands of African banking and financial services.
Significant events after the end of the third quarter
- ZignSec launched a new Regulatory Monitoring platform for cryptocurrency merchants called CompliancePass, that allows crypto businesses to prove their compliance with local laws and industry rules.
A comment from the CEO Glenn Mac Donald:
During the quarter, we generated net revenue of SEK 21.7m, which is an increase of 1% compared to the same period the prior year. The demand for our solutions remains high and our sales team demonstrated a solid performance by securing a large number of customer contracts, expanding our client portfolio.
The successful launch of the innovative platform Malta Business Registry (MBR) was announced, which will have a great impact on how businesses interact with government agencies in Malta. Spearheaded by ZignSec’s subsidiary Wyzer, this project will create a new source of recurring revenue for the Group.
For more information, please contact:
Glenn Mac Donald, CEO
Tel: +31 647 13 26 22
Marie-Louise Gefwert, Chairman of the Board
Tel: +46 70 644 90 80
marie-louise.gefwert@zignsec.com
About ZignSec
ZignSec is a technology group in the fast-growing RegTech industry. The company provides SAAS platform with digital real-time solutions for customer due diligence and ID verification with global reach. The solutions are used by companies that in turn can optimize their processes for "onboarding" both corporate customers and consumers and at the same time ensure compliance with ever-changing local and global regulatory requirements for Know Your Customer (KYC) and Anti Money Laundering (AML).
Link to where the report is published on ZignSec’s Website:
https://zignsec.com/investorrelations/
Nasdaq First North (ZIGN)
Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00
This information is information that ZignSec is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-24 17:30 CET.
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