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2021-08-25

ZignSec Interim report for the period 1 April 2021 to 30 June 2021

Second quarter in summary

  • Net revenue amounted to SEK 6.0 (3.2) million, an increase of 85% compared with the corresponding quarter the year before.
  • EBITDA amounted to SEK -7.3 (-2.5) million.
  • Cash and cash equivalents amounted to SEK 151.3 (23.7) million.
  • Equity amounted to SEK 194.5 (27.1) million.

Significant events during the second quarter

  • ZignSec signed an agreement with SCHUFA for a minimum value of SEK 23 million.
  • ZignSec won a procurement of just over SEK 30 million, issued by the Maltese government
  • A new share issue was carried out, bringing in a net payment of approximately SEK 130 million.

Significant events after the end of the second quarter

  • ZignSec completed the acquisition of Web Shield, a leading RegTech company with cutting-edge expertise in corporate customer onboarding and compliance.


A comment from the CEO Timm Schneider: 

During the second quarter growth remained strong and as we became an increasingly well-known company in the market, three long-term agreements with customers could be signed with order values between SEK 15-30 million each.

Immediately after the end of the second quarter, ZignSec's by far largest acquisition to date was completed. The acquisition of Web Shield will mean improved profitability, a complementary product range, as well as unique expertise in current international and local regulations for financial services.

For more information, please contact:
Timm Schneider, CEO
Phone: +46 8 121 541 39
timm.schneider@zignsec.com

Alexander Albedj, Chairman of the Board
Phone: +46 76 221 30 75
alexander.albedj@zignsec.com


About ZignSec
ZignSec AB (publ) is a RegTech company that develops and operates a technical platform that brings together different types of ID verification methods in one place. The methods are used by companies to securely and quickly identify online customers in real time. The company's customers are found in several industries where identification is important, with the greatest concentration in financial services and other regulated businesses.

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 2021-08-25 08:00 CEST.

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ZignSec Interim Report Q2 2021 ENG

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