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CYBER 1 Cyber Security 1 AB ( publ ) Q3 2021 Interim Report 1 July - 30 September 2021 CYBER1 REPORTS THIRD PROFITABLE QUARTER Revenue Q3 2021 € 9,372k ( PY : € 5,609k ) Gross Margin YTD 28 % ( PY : 29 % ) EBITDA YTD € 673k ( PY : € -3,490k ) Group Performance Regional revenue 34 % 66 % ■ Africa ■ Middle East Q3 Group revenue increased year over year by 67.1 % ( € 3.7m ) , from € 5.6m in Q3 2020 to € 9.3m in Q3 of 2021 . Q3 2021 Group EBITDA profit of € 290k , compared to a loss of € -1.5m in Q3 of 2020 . Cyber1 Group recorded year to date EBITDA profit of € 671k , compared to a loss of € -3.49m in the same period last year . This change has been a result of increased revenue growth , in conjunction with the streamlining of oper- ating expenditure , implemented at the start of 2021 by the CYBER1 Executives and Board of Directors . Operating Expenditure for Q3 2021 has been reduced € 1.3m compared to Q3 2020 , a reduction of 35.1 % . These efficiencies primarily at the parent company level have improved overall cashflow for the underlying companies , enabling investment into revenue generating initiatives such as the launch of the CYBER1 Managed Services offer- ing . As travel restrictions have begun to slowly reduce during the quarter , CYBER1 has been able to resume travelling to meet its strategic clients and vendors , solidifying the pipeline generation for the end of Q4 2021 , whilst build- ing the foundations for a strong outlook for 2022 . 1