Net sales 5 494 (2 540) +116%
Operating result -9 578 (-17 177)
Result for the period before tax -8 128 (-16 404)
Earnings per share before and after dilution -0.75* (-1.34)
Net sales 10 425 (4 809) +117%
Operating result -22 649 (-29 376)
Result for the period before tax -20 899 (-28 719)
Earnings per share before and after dilution -1.78* (-2.33)
* Earnings per share after tax, calculated on the result for the period and the average number of shares for the period January – June, 12 624 171 shares.
I’m delighted to share that Greater Than remains on a strong trajectory, with seven consecutive quarters of growth. Importantly, as we scale, we do so in a cost-efficient manner, as reflected in our greatly improving gross margin and the fact that our current runway takes us to the end of 2024.
This favorable outlook is a result of our focused customer empowerment strategy, which sees us supporting our customers to develop market-leading products that grow their own customer bases.
Our partnership with DKG Group in Australia is an example of this. Using our AI, DKG have been able to launch Fuse Fleet, a dynamic insurance solution that rewards safe driving and enables accurate pricing of premiums. This product gives DKG the opportunity to revolutionize the connected vehicle market across Australia.
Similarly, in this quarter, ABAX has used our AI to deliver extra value to its fleet customers with the launch of new sustainability modules and an ESG certification package. eDriving has also started global deployments of its driver safety solution incorporating EcoDrive powered by Greater Than, expanding its fleet safety offer to incorporate sustainability and ESG management.
This quarter we have also started working with Duck Creek, a global insurance software company. Duck Creek can now provide seamless access to our AI to insurers of all sizes, and we look forward to nurturing the partnership to empower insurance companies globally.
Reflecting on recent activities, our strategy is clearly working. We continue to attract world-class customers with large volumes of connected data. And we continue to prove successful in solving our customers’ problems with our AI for good. Therefore, looking ahead, we will stay focused on our strategy of customer empowerment. With valuable customers who love what we do for them, Greater Than’s future remains bright.
CEO, Greater Than
This disclosure contains information that Greater Than is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 24-08-2023 09:45 CET.
Greater Than is a driving data analytics company that specializes in understanding driver impact on the roads. Through the power of artificial intelligence (AI), Greater Than converts GPS data into driver scores that predict crash probability and climate impact. The scores can be further enhanced with additional intelligence including an analytics dashboard, prevention tool, and summary reports.
Insurance companies, underwriters, fleet solution providers, mobility providers and other owners of GPS data use Greater Than’s analysis to optimize driver risk management, achieve insurance profitability, manage sustainability & ESG reporting, and monetize GPS data. Greater Than (GREAT: ST) is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Adviser. Learn more at www.greaterthan.eu.