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ARTIFICIAL SOLUTIONS QUARTERLY REPORT APRIL TO JUNE 2021 SEVERAL IMPORTANT CUSTOMER WINS APRIL TO JUNE 2021 Net sales amounted to 8.2 MSEK ( 15.4 ) Net sales adjusted * 1 amounted to 10.7 MSEK ( 12.5 ) Recurring revenues adjusted * amounted to 8.8 MSEK ( 8.9 ) Rolling 12 months recurring revenues adjusted * amounted to 34.8 MSEK ( 31.0 ) Usage revenues adjusted * amounted to 3.8 MSEK ( 2.7 ) Gross margin decreased to 67 % ( 69 ) EBITDA adjusted amounted to -18.3 MSEK ( -19.8 ) Earnings per share amounted to -0.2 SEK ( -0.9 ) JANUARY TO JUNE 2021 ARTIFICIAL SOLUTIONS | QUARTERLY REPORT APRIL TO JUNE 2021 Net sales amounted to 18.1 MSEK ( 30.7 ) Net sales adjusted * 1 amounted to 22.9 MSEK ( 25.6 ) Recurring revenues adjusted * amounted to 17.7 MSEK ( 16.8 ) Usage revenues adjusted * amounted to 8.1 MSEK ( 4.4 ) Gross margin increased to 69 % ( 65 ) EBITDA adjusted amounted to -31.7 MSEK ( -44.9 ) Earnings per share amounted to -0.4 SEK ( -1.6 ) EVENTS DURING THE QUARTER Signed three - year SaaS deal with Telefónica Deutschland / 02 , a leading telecom operator , for the German market Signed strategically important SaaS deal with large multinational US Tech company Signed renewal agreement with a global truck manufacturer Teneo Platform currently supports 86 official languages - most covered languages in the market Successfully raised 120 MSEK in a directed share issue Extension of 52 MSEK bond EVENTS AFTER THE QUARTER Signed a LUIS ^ Teneo SaaS deal together with our partner Microsoft with telecom operator A1 Bulgaria One of our partners , a large system integrator , signed up for and deploys LUIS ^ Teneo for its business Large Multinational US Tech company ordered continued expansion in US and Japan from our partner Signed two renewal agreements with a US Government Department and Circle K Appointment of Paloma Ramirez Diaz - Monis as Chief People Officer KEY FIGURES ( FOR DEFINITIONS PLEASE SEE PAGE 19 * FOR ADJUSTED REVENUES CLARIFICATION ON PAGES 4-5 ) APR - JUN APR - JUN JAN - JUN JAN - JUN 2021 2020 2021 2020 10.7 12.5 22.9 25.6 8.8 8.9 17.7 16.8 34.8 31.0 34.8 31.0 3.8 2.7 8.1 4.4 8.2 15.4 18.1 30.7 67 % 69 % 69 % 65 % -18.3 -19.8 -31.7 -44.9 -0.2 -0.9 -0.4 -1.6 -14.8 -10.9 -30.3 -29.2 MSEK Net sales adjusted * Recurring revenues adjusted * Rolling 12 months recurring revenues adjusted * Usage revenues adjusted * Net sales reported Gross margin % Adjusted EBITDA Earnings per share , SEK Cash flow from Operations JAN - DEC 2020 47.3 33.9 33.5 10.4 53.8 66 % -78.3 -3.2 -75.9 1 The company has recalculated its Usage revenues to be aligned with the new SaaS model's " pay as you consume " principles . Please see pages 4-5 for adjusted revenues clarification .